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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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Post: #241  Posted: Thu Nov 16, 2017 5:34 pm Post subject: |
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| amitagg wrote: | Decisively was a bad and wrong word
I have booked profit in BNF calls total 125 now CMP 75 sold 200
I still feel it is on support
10050 - 30 should not break and it can consolidate and go up
So medium term it becomes sideways to down on break of 10050
It becomes down on break of 9965 medium term
Having fallen off 10240 it can be sideways be short term 10050-10250/10280
Trade accordingly ( or if unsure refrain from trade)
I suggested the trade and closed in profit now without needing any adjustments
If I have a trade and feel like positing will do so |
So just as expected right time to have made an exit......its behaving exactly accordingly to levels..... How best those levels are interpreted and directionally trades depends on trader understanding which results in different profit and loss streams for different traders.... |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #242 Posted: Thu Nov 16, 2017 7:52 pm Post subject: |
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Good going. Thanks
Regds |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #243 Posted: Thu Nov 16, 2017 9:08 pm Post subject: |
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Thanks.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #244 Posted: Fri Nov 17, 2017 3:28 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | Decisively was a bad and wrong word
I have booked profit in BNF calls total 125 now CMP 75 sold 200
I still feel it is on support
10050 - 30 should not break and it can consolidate and go up
So medium term it becomes sideways to down on break of 10050
It becomes down on break of 9965 medium term
Having fallen off 10240 it can be sideways be short term 10050-10250/10280
Trade accordingly ( or if unsure refrain from trade)
I suggested the trade and closed in profit now without needing any adjustments
If I have a trade and feel like positing will do so |
So just as expected right time to have made an exit......its behaving exactly accordingly to levels..... How best those levels are interpreted and directionally trades depends on trader understanding which results in different profit and loss streams for different traders.... |
Can see how I sold 25900 call last few weeks not 26000..... This was exact resistance today......
And the sideways markets persists while people remain in bear or bull mode....
For a short timeframe
CMP 10270 |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #245 Posted: Fri Nov 17, 2017 10:52 pm Post subject: |
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Hi Amit
Nifty surprised on the long side by moving well above your range of 10250-280 and finally closed at 10284.
What to do now. Should one catch it near 10240 for higher targets or short it?
Pl guide
Thanks
Regds |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #246 Posted: Sat Nov 18, 2017 11:58 pm Post subject: |
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Long above NS 10280. ( say on Monday if taking fresh trade)
Short below NS 10200
Question is what's the target
Would you decide ? ( may be 100 points for long and 60 points for short if not too much to ask!!) |
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amitagg
Black Belt
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Posts: 4559
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| Post: #247 Posted: Sun Nov 19, 2017 12:10 am Post subject: |
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also BNF 25600 put short @150-170 can be taken for Nov 30 weekly expiry
with ability to manage position , in case it moves below 25220 ( hold till near to expiry) |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #248 Posted: Sun Nov 19, 2017 9:40 am Post subject: |
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Thanks Amit
Regds |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #249 Posted: Tue Nov 21, 2017 10:10 am Post subject: |
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| amitagg wrote: | Long above NS 10280. ( say on Monday if taking fresh trade)
Short below NS 10200
Question is what's the target
Would you decide ? ( may be 100 points for long and 60 points for short if not too much to ask!!) |
Book 50-60 NF points ..... It may be sideways still
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #250 Posted: Tue Nov 21, 2017 10:12 am Post subject: |
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Ok boss, thanks
Regds |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #251 Posted: Tue Nov 21, 2017 10:13 am Post subject: |
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| amitagg wrote: | also BNF 25600 put short @150-170 can be taken for Nov 30 weekly expiry
with ability to manage position , in case it moves below 25220 ( hold till near to expiry) |
With the NF trade I have booked for few points , 60 percent in BNF short as well @ 111
( balance TSL to cost which shall although hit )
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #252 Posted: Tue Nov 21, 2017 7:37 pm Post subject: |
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| amitagg wrote: | | amitagg wrote: | also BNF 25600 put short @150-170 can be taken for Nov 30 weekly expiry
with ability to manage position , in case it moves below 25220 ( hold till near to expiry) |
With the NF trade I have booked for few points , 60 percent in BNF short as well @ 111
( balance TSL to cost which shall although hit )
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Balance also booked before closing at 118...... |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #253 Posted: Thu Nov 30, 2017 10:24 pm Post subject: |
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Hi Amit
Your nifty view is proving to be very helpful in nifty trading. Thanks A lot.
Now that news channels are buzzing with improved gdp nos pl enlighten us with ur nifty update for the near term.
Thanks
Regds |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #254 Posted: Tue Dec 05, 2017 7:36 pm Post subject: |
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10000/25000 as all know are important levels and markets have shown inclination to remain above..... Don't see that going in a hurry.......24700 BN and 9935 NS
Don't be on short side for carryover.....in futures.
For options everything works...if suitably and reducingly.... Leveraged |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #255 Posted: Wed Dec 06, 2017 6:33 pm Post subject: |
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Thanks Amit for your response. Hope to benefit from this.
Regards |
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