Time 7:56 AM 1st July 2024
Reasons for Shorting Nifty today:
1. Wave Analysis - Shorting based on wave counting
2. Ichimoku - Given a sell signal in 15min TF
3. Broke Support Trendlines
4. Risk to Reward in great
5. MACD bearish divergence in 1hr TF
Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge)
We wait for the entry if it doesn't trigger then we avoid the trade.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Reasons for Shorting Nifty today:
1. Wave Analysis - Shorting based on wave counting
2. Ichimoku - Given a sell signal in 15min TF
3. Broke Support Trendlines
4. Risk to Reward in great
5. MACD bearish divergence in 1hr TF
Options Selling: ATM CE selling with OTM CE edge is best for this trade. (or future sell with edge)
We wait for the entry if it doesn't trigger then we avoid the trade.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Trade active:
Nifty is almost near our entry zone, just 10 points away. We are taking our short position with same SL mentioned above.
Comment:
Nifty Made 24164 and our SL was survived by 1 point :) We are carrying our CE selling over night with edge.
Comment:
Nifty is opening with a 30-40 point gap. We will wait for the 5-minute candle to close above our stop loss to avoid a fake spike.
Since we sold the 24050 CE and hedged with a CE buy, we are only in a slight loss, even though the price went up almost near our stop loss.
Since we sold the 24050 CE and hedged with a CE buy, we are only in a slight loss, even though the price went up almost near our stop loss.
Trade closed: stop reached:
Unfortunately our SL got hit in Nifty short, our Bank Nifty still alive and good profit so far, Let's see how it goes. Please check that post more updates.