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ashokakbari
Jul 21, 2020 3:49 AM

Nifty arrived in the box Be Careful Short

Nifty 50 IndexNSE

Description

Nifty arrived in the box.. be careful here.. expecting huge down side ... 11200 -300 resistance zone.. I will try to short above 11200... with strict sl 11300. waiting for good short sign in daily candle then only short

Dont trade in over confidence i may be wrong in my view... ask to your financial advise before taking any risk.

Trade active

9:56 cmp >> 11140... we will see here short sign in 1H chart..

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expecting this kind of move today..

You can short for intraday 11140-50 zone with day high sl 11165.. target 11020-25

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nifty running near sl 11160... if it hit 11165 then let them hit sl.. no emotional trade

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intraday sl hit

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great going ... high 11238... which i am saying from last few post of nifty... have to short from 11200 to 11300.. above 11300 exit short..

waiting for this price from last 2 months ..

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anyone has seen today's nifty future low?? 10805.20 .. who has sold this much qty?

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Nifty has made good candle today now today's high 11240 will be sl... First target on 1H ..10900
Second target 10600...
And third 10200-10050

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getting option request... its very risky to buy option... but today weekly option can try... for that we can try 11200 PE which is running around 65... we can enter 55-60 zone.. and sl when nifty hit 11200 we must have to exit... else hold till end of the day.

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we got the entry .. made new low of 57 around

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option buying is an art trading.. keep booking every few points
Comments
amol_tamhane_1978
@ashokakbari , any update on this idea after subsequent moves? You believe the structure still holds? Or has it fizzled out now?
ashokakbari
@amol_tamhane_1978, its facing hurdle here.. but my range is broken.. expecting 11550-600 next... but sl is far 10900 or daily trendline broken
jagaczar
Yes today nifty future opening time low 10805.20
It was indicated down movement
ashokakbari
@jagaczar, not sure but big qty shorted... Without limit
Prodip
shorted @ 11140..converted position to holding..should i book loss?
ashokakbari
@Prodip, expecting exact around 11240-50 reverse zone... as per daily chart.. expecting big long time fall from that zone
Prodip
@ashokakbari, thanks...my plan is i will short in every 50 point move from this point. up to 11500.. above 11500 i will book loss.
ashokakbari
@Prodip, just catch the top... after few days we will know that this was the top
sanjeev123singla
bhai koi nifty ka daily chart p 12500 ka wave bna rha h woh apko thik lag rha h ja wrong counting h pls btana
sanjeev123singla
bhai weekly p kounsa wave chal rha h pls btao
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