Good morning all, Friday: Over Thursday and Friday, market again saw itself in a 800 points range which is the current ATR too. So, no surprises there. However it's movement does make a nice structure for us to trade. Today: Today's movement will again define the week. The current structure suggests a 'Long' but only after 37000. A lot of noise between here and...
Gap-Up: with sup of PDH BO(BUY) / PDH Rej/ BO(SELL) Flat: Above PDH(BUY) / Imp BO(SELL) Gap-D: with Support of PDL(BUY) / Imp Rej(SELL)
Good evening all, Last week: We were able to achieve our 1st target within a mater minutes on Monday and then snuck into the range we had marked between SL and Target. This week: The range this time is huge, 2000 points and may see the week within that making us wait and watch. On either side 37200 and 35300m the RER is good and make us earn between 300-500...
Good evening all, Today: The down side move negated and was in a range that it has mostly been in since the last 2 days. A range as large as 800 points. It however did make us meet our 1st target on the long side. Tomorrow: I think it will be boring expiry for the range it can be in. Above 36510 and 35710 is when we get to make some money unless we scalp. But...
Good evening all, Today: As expected, a tricky place to be and with rapid moves. This however creates a favourable structure for tomorrow. Tomorrow: All in possibility the downward move should continue unless the trappers play it foul. The 'short' side move has a potential till 35000 on the current structure. So; Long side view: Buy above 36250 Target 1...
NO Clear view. No clear direction. For tomorrow, nothing suggests a credible move. So again, money saved is money earned. Look at the daily view however.... Id sustained below 35300 then we may even see 34850- But we do that we care and utmost caution. *** This is a view and not necessarily a trade recommendation *** However, If you like my idea..., hit like,...
Good evening all, Last week: I was out on travel and wasn't able to look at the index at all. Sometime, a break is essential. This week: The downside move look to continue and can be brought at the current level or on a pull back at 36230 for a potential target of 35530 and then 34825. Why I think the pull back will happen is because the RSI at 26 and has...
Good evening all, Last week: The range we had marked between 40160 and 38400 ws well respected by the index and did not allow us any entry. Primarily all the profit booking that for buying that started in September & October. This week: Again the levels allow us entry ONLY after 40160 on the 'long' side and below 38000 on the 'short' side. Why 38000? Look at...
Good evening all, Today: As expected and mentioned, BNF did the 38115 - 38000 at the start of play and then bored us to death. The 450 point up and down was clear Wednesday premium eating tactic, but we knew better. Tomorrow: We are at the brink of 38000 and may see bomb explode if sustained below 37900 or a slow death if it gets stuck between 38000 and 38500....
Good evening all, Today: After a long wait and almost having given up, out 'short' entry arrived and gave around 130 points. Lack of time prevented it from us achieving our fist target. Which also means, we may expect a gap down to around 38115 tomorrow morning. Another good thing in today's move was the structure it built for us take a 'long' entry tomorrow if...
Good evening all, Yesterday: Stuck between the range we had marked and importantly did 3 things; 1) failed to break down on the multi day resistance line 2) stayed above 38500 and 3) respected the new dynamic support line. Providing us optimism for today Today: The 'long' story now some bit encouraging. Above 39200 though. And the short story stays as from...
Good evening all, Friday: I had asked for us to be patient and the index tested that. Nothin to rave about and NO entry. Tomorrow: The 'long' story again is very grim and nothing changes till 39500 is breached. With the multiday dynamic resistance line been broken out and a double bottom at ~ 38500, we may see an upward move. But nothing till 39560. On the...
Good evening all, Today: It did move and which it did want to. 350 points from our short entry levels. But that's not it. If it sustains, it will move further down. Patience is the key tomorrow. Tomorrow: The 'long' story is very grim and nothing changes till 39500 is breached. I haven't marked levels (they stay as from yesterday) on the chart as I wanted to...
Good evening all, Today: After a wildish drop of 300 points, the index formed a base at around 39000 setting us up nicely for an either side move. The imperative words here are 'set us up'. Be careful, very careful. Two days of sideways hang-fire will give in at tomorrow's expiry. Tomorrow: So, it is going to be tricky. Volatile moves on either side are most...
Good evening all, Today: Like I said last evening.... It will bore us and it did. Respecting the resistance line for a very long time, only to peak out on the last candle in the 30M time frame. Tomorrow: With RSI still at around 50, and range not broken on either side, the chart is CTRL+C, CTRL+V from yesterday. A minor adjustment to the short target 1...
Good evening all, Today: We saw the 39300 level breached and made us achieve 2 targets. This probably is a well received pull back if the market has to go up. Tomorrow: With RSI at 50, the market can go either ways. On the way up, I still hold my view above 40160 and below 38785 for a good move. With a daily ATR of 700 points, this range 1300 points may just...
Good evening all, Last Week: Hope you had a safe Diwali. Like the range index was in. Nothin more about that. Only that, it has set up very well to move either ways. Tomorrow: We have a range of 850 points that we need wait to be broken. Above 40160 and below 39300 we should have a good move. More optimistically above 40160 which also coincides with the daily...
Good evening all, Last week: Short Week, and a very narrow range. Just 200 points. Everyone wanted a safe index and a safer Diwali. This week: So from here, we look at two important levels on the dynamic trend lines. Above 40160 and below 38400. On both sides the target room is around 700-800 points with almost equal RR. *** This is a view and not necessarily...