DSKF16

NIFTY: Support & Resistance for 31st July 2017 (FUTURE & Spot)

NSE:NIFTY   Nifty 50 Index
What NEXT on 01st Aug 2017. (Spot & Future)
Intraday LEVELS Plotted on CHART.

NIFTY: Expected Candle type, "DOJI / PIN / Hanging Man" (REVERSAL Pattern)
or "Inverted HAMMER"
Technical Indicator: Stoch , ROC & some others are OverSold.
FII data also Indicates reversal.

TREND: Flat, Bias: Mixed
Today's trading range was : 67.75
mentioned In Last POST "68 to 77 point, Extended to 110+ point."
Expected Trading Range for 01st Aug 2017 : 69 to 78 point, Extended to 103+ point.

VIEW: NEUTRAL to _VE (LONG in Lower Level) / SHORT in Higher Level.

Trade Setup for FnO Traders on 01st AUG 2017:

LONG if Stay Above @ 10115 for 15 Min / Crossed @ 10123.

TARGET: @ 10136 - @ 10146 (HZ #1,Trend Finder Zone),
@ 10171 @ 10192, @ 10205 - @ 10215 (HZ #2), @ 10240+

SHORT if Stay Below @ 10089 for 15 Min / Dipped @ 10081

TARGET: @ 10068 - @ 10058 ( BZ             #1,Trend Finder Zone),
@ 10033, @ 10012, @ 10000 - @ 9990 ( BZ             #2), 9965-

STRATEGY: On QUERY.

Snapshot of "Chart of FUTURE Intraday LEVELS" will be updated Later.

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Comment appreciated.


Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.

Snapshot: NIFTY             FUTURE Intraday Level for 01st Aug 2017.

https://www.awesomescreenshot.com/image/2699551/e27250a40b766de93528f6bc646f98ce
Comment: Strategy -I: SHORT NF Above @ 10141+ & LONG 10150 CE, NO SL
TARGET : OPEN.

Strategy -II: SHORT NF Above @ 10141, & Keep SL @ 10192+
Target: @ 10115, @ 10100, @ 10082, @ 10068, @ 10059.

LTP: @ 100124 (Aggressive or traders doing trade More than 1 lot can short partial here.
Comment: Made a LOW @ 10103, Near TGT @ 10100
Comment: NIFTY Looking Bullish,
Chance of NEW ALL TIME HIGH.
Modified Strategy:
Strategy -I: SHORT NF near @ 10161 & LONG 10150 CE, NO SL
TARGET : OPEN.

Strategy -II: SHORT NF near @ 10161, & Keep SL @ 10201+
Target: @ 10115, @ 10100, @ 10082, @ 10068, @ 10059.

LTP: @ 100129 (Aggressive or traders doing trade More than 1 lot can short Partial here.
Trade active: NIFTY Spot: 10085 , NF: 10185
Only OPTION Strategy:
LONG 10100 PE: @ 117
SHORT 10000 PE: @ 82

Net Profit: 65 Point
Net LOSS : 35 Point
Comment: Correction : NF @ 10120
Comment: As mentioned in EARLIER post (2 hours Back)

"Chance of NEW ALL TIME HIGH."
Made NEW ALL TIME HIGH: at 10125.35
Comment: Early post in Last week "Fate-of-NIFTY-WEEKLY-View", Approach to 10200+

Be cautious to BUY / LONG Above 10250 CE Option, as it Premium Too.

Comment: Correction: Be cautious to BUY / LONG Above 10250 CE Option, as it "EAT" Premium Too.
Trade closed manually: OPTION Strategy:
Cover LONG 10100 PE: @ 196+
Cover SHORT 10000 PE: @ 136
Difference: 60 point
Given:
"Only OPTION Strategy:
LONG 10100 PE: @ 117
SHORT 10000 PE: @ 82"
Difference: 35 point

NET Profit: 60-35 = 25 point/ lot (1875/= per Lot.)
Small correction - 9967 -9977 should be TFZ and BZ # 2 right??
Reply
DSKF16 Parasuram
@Parasuram, yes.
Reply
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