AniketKabir

SYSTEMATIC SELLING

Short
AniketKabir Updated   
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
"This is my trading journal, not a trade recommendation. I Will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benifit from my experince.

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Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.

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Comment:
TILL RED MEDIAN LINE
Comment:
MOVING LOWER PARALLEL TO NEXT LOWER
Comment:
observe oversold zone and upsloping micro trend line
Comment:
i.e long till red median line
Comment:
Possible Swing Pivots - deployed Three pitchforks to capture swings
Comment:
STILL IN oversold zone but, lacking in downward strength.
Comment:
Red median line done
Comment:
PRICES Clearly in overslod zone of down slping pitchfork, have fullfilled 82% rule by hug of redmedian line of upsloping main pitchfork (longest duration) and have reversed from 5.5 reaction line after display of hagopian in last uplsoping pitchfork.
Comment:
Prices hug red median line of downsloping pitchfork. next target upper parallel of down slpong pitchfork.
Comment:
Long side Target 36000, while prices are in systematic selling phase. Will try selling april end series ITM Put (36000@2111 LTP) along with ATM (34000@895 LTP) as hedge. Will book sell side at target and keep hedge open.
Comment:
Supply coming in early
Comment:
Result of supply coming in early.
Comment:
Target (27800) if present acceleration goes on
Comment:

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