Certainly Not ! Because, usually I post out Nifty before 9.15 am & its not the same today. Not a prob, but are we right on Timing the Nifty to our expected zones ? Well, Nifty needs to tell Me that.
Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion Timing the Markets don't even matter unless you trade options. If we don't see a close above 9580's 9600's , Mostly we will be retesting the 9500's zone before the further upmove towards 9750's. This can be used as positional setup but go as per the timeframe you use to trade, look out for possible trade-setups.
What I have mentioned on the chart is an approx. idea of how you can go in, that doesn't mean - its perfect entry, that's just My Plan. In the same way, you will be having an idea based on timeframe you use or trading method. Let's see whether we are right on Time...
Just based on few presumptive reasons, I ascertain Nifty will reach out to 9750's zone between May 31 - Jun 2 & I may be completely wrong. Honestly, in My opinion Timing the Markets don't even matter unless you trade options. If we don't see a close above 9580's 9600's , Mostly we will be retesting the 9500's zone before the further upmove towards 9750's. This can be used as positional setup but go as per the timeframe you use to trade, look out for possible trade-setups.
What I have mentioned on the chart is an approx. idea of how you can go in, that doesn't mean - its perfect entry, that's just My Plan. In the same way, you will be having an idea based on timeframe you use or trading method. Let's see whether we are right on Time...
sandy
sir seems difficult due to index option position
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InsiderB
sandy
@sandy, can you please elaborate :)
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sandy
InsiderB
@InsiderB, look at todays data good amount of long unwind in calls decrease in oi from 9600 call till 8500.on the put side oi has been shifted towards 9400,9500 strike price.lower strike oi has been decreased. it means base of the mkt is being shifted towards upside.look at todays oi shift in 9500 strike put .i can not elaborate much here.its very complex game bro.to take a view you have to compare and monitor daily excel file.
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InsiderB
sandy
@sandy, Now I got the point, what you are trying to say. Every Market has buyer n seller at every single price tick, I can't disagree with yours or call My setup as best. If your's work as per plan, you make Money & mine hit the stops....viceversa, All the Best :)
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sandy
InsiderB
@InsiderB, tomo keep ur eyes on over india vix closing .if india vix get closed over 11.60 than get ready for more 25 percent upward volatility.very excited time may start in coming days bumpy rides:) intraday traders will surely face stiff time ahead .........................
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sandy
InsiderB
@InsiderB, in this series ur tgt will surely achieve but ur timing seems difficult due monthly option game.more over todays rise in volatility index was used by hedger to hedge portfolio.market range suggest it with rise in vol.
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AMBRISH
Thanks for posting your Idea.
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InsiderB
AMBRISH
@AMBRISH, Thanks Boss..
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AMBRISH
InsiderB
@InsiderB, Boss Man "What a Idea"
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InsiderB
AMBRISH
@AMBRISH, :)
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