WITH REF OF SGX NIFTY LET US FIND THE OPENING OF NIFTY ON 12-4
1. ON STURDAY I SHARED THE CHART OF SGX NIFTY WHERE I TRIED TO ANALYSE THE MOVE IN SGX AND ITS EFFECT ON NIFTY . I SHOWED YOU A PINK AND RED COLOR ZONE. IN POINT NO.3 I SAID PRICE CAN GO TO THIS ZONE. I CIRCLED IN PINK COLOR.YOU CAN SEE PRICE BREACHED THE UPPER END IN RED COLOR AND CAME BACK IN SAME CANDLE. EXACTLY CLOSED BELOW RED BAND. THERE AFTER FALL.
2. I WAS WATCHING IN MORNING PRICE ACTION WHICH I MANIFESTED TWO DAYS BACK. FROM THERTE I GOT CLUE OF SHORTING IN MY BNF TRADE WHICH I SHARED WITH YOU IN THAT POST.
3. IN LAST POST I DID NOT TALK ABOUT MOVE IN UPPER SIDE FROM THIS ZONE. SO SAME HAPPENED. I TALJKED ABOUT THE OPENING OF FLAT IN SGX NIFTY SAME HAPPENED IT OPENED FLAT. THAT WAS THE MATCH WITH REAL MOVE. NOW TALK ABOUT TOMMOROW MORNING MOVE.
4. I MADE FEW ZONES AND MARKED THEM WITH IMFORMATION. ABOVE PINK RED ZONE SGX WILL MOVE UP. WHITE DOTTED AND PINK ZONE THERE SHOULD NOT BE ANY TRADING POSITION. SHOWED BELOW PINK .
5. AT NIGHT SGX CROSSES GREEN THEN IT WILL MOVE TO PINK A SHITE COLOR ARROW SHOWING THE MOVE. IN MORNING WHEN IT OPENS NEAR PINK THEN VERY LESS CHANCES TO GO UP. IT WILL MOVE DOWN. AND NIFTY WILL ALSO MOVE DOWN, NIFTY WILL MOVE UP IF SGX WILL CROSS NOTRADING ZONE. I F SGX IN ANY CONDITION COULD NOT CROSS GREEN AT NIGHT THEN GET READY TO SEE NIFTY IN DOWN FALL TOMMOROW. REST MARKET WILL DECIDE.
I'm new to Indian market, investor in short term trades in U.S. market. In India and stuck here due to lockdown so planned on doing some Future trades.
I have Nifty call for May 28th @9,266.90 with large quantity (1,000+), current market price is 9,077. Do you recommend me to get rid of my Long and do some Shorting ?
Any guidance is much appreciated.
Thank you Sir !!