GauravSaini

NIFTY UPDATES FROM 23 MAY 2018

NSE:NIFTY   Nifty 50 Index
nIFTY SPOT CMP 10502 -INDEX IS TESTING THE CRUCIAL 10500 LEVEL unable to hold 10500 next support is coming at 10350 and lower, a trendline drawn on recent charts should hold -break of trendline can see lower levels

Comments

Nifty cmp approx 10796 ,nifty unable to hold 10800 initiating fresh shorts in nifty stoploss above 10841 spot .....unable to hold 10800 nifty will possibly break lower side of trading range which is at ...10700 spot ......any trader can take this trade provided you practice stoploss and trade management...risk is 75*41 approx
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GauravSaini GauravSaini
@GauravSaini, nifty cmp 10689 spot short trade closed in good profit break of 10700 as posted in above comment
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Nifty eod cmp 10772 at close::(:high made 10781.8 in the day) nifty witnessed sharp recovery from 10710 levels......this type of move usually means huge positions builup by big players. we are short on nifty ,short on reliance -both positions are in loss eod. we are hoping nifty not break above high made today. we will watch if nifty manages to hold above 10760-69 till afternoon of 22 june 2018 or not .if it holds above the zone we will see huge short covering move .... that will propel index higher. we also have stoplosses in place for our positions if nifty moves above 10781 ........
2 seems like the impulive move is not happening and thus trading size needs to be kept small coz the corrective can hit stoploss on any side......however the impulse will be back in play if nifty falls below 10748
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Nifty intraday cmp 1060 initiating nifty shorts @ 10765 (fut) stoploss is coming above 10809 spot which is too far hence will monitor for stoloss approx 10786 spot
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GauravSaini GauravSaini
@GauravSaini, interesting fight for 10760 spot going on between bulls and bears for an hour now . traders can watch the 15 min charts for developing clues
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GauravSaini GauravSaini
@GauravSaini, Holding shorts in nifty cmp 10715 spot ( almost same in future) at 9.52 am. nifty made high of 10809.6 spot on june 21 which was exactly at the level mentioned in above post...after making high nifty got sold off on june 21 finally closin at 10741 spot thus bringing the short positions in profit.....
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Nifty cmp 10712 intraday update ----nifty down by about 90 points the impulse we have been looking for since may 30 has started ( no guarantees)
the direction of the impulse is on downside as per our observation - the expected magnitude of impulse will be 600 points (approx) traders can use any small rise as opportunity to short keeping suitable stoploss .....do NOT trade without stoploss /Do not overtrade ever ---In market there are no guarantees only probabilities .............10620-30 is a support zone break of it will lead to further downside
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june 14 eod nifty cmp 10808--nifty broke 10800 intraday though managed to close above it by eod.
1 we were short on nifty from 10871 levels and shorts have worked well so far......

2 we are looking for an impulsive move on nifty that is likely to end the corrective in play and possibly break one of two swing 11172 on upside Or 9950 on downside ......we are looking for such an impulse since may 30, and expecting the impulse on downside ;thats the reason for being short

.3 the downmove that started on 13 june from 10890 levels is likely to be such an impulse (no guarantees ) For this the key levels on downside needs to be broken ...the next such level /support level is 10760 and than 10620 .....

weekly close should bring clarity .... on whether the recent downmove is impulse or just profit booking
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Nifty cmp 10828 looking to short nifty .with targets of 10815 and lower

Intraday trade -
might add positions at higher levels too
No stoploss initially ----stoploss will depend on developing price action


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GauravSaini GauravSaini
@GauravSaini, nifty cmp is 10783 spot nifty intraday shorts initiated at 10828 are in good profit(min 40 points)
Planning to carry over shorts /change to positional

plz read carefully

1 my avg cost is higher as i added another lot near 10845
2 due to us fed meeting outcome- volatility will increase and risk increases
3 i have part booked intraday
4 Anyone following this trade must double check his/her risk capacity before converting to positional
5 For any small trader who took this trade Best will to book out as the profit is very good for an intraday trade ....
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