CALL
Trade Log NIFTY April 13Today was very tight consolidation day. NIFTY moved around 9000.
1. This was mostly expected as some markets are closed and many markets coming from long weekend.
2. Looking at the initial selling , I sold CALLs and then squared of for marginal profit.
These kind of days are difficult to trade, but I was lucky to manage small profit.
Trade Log NIFTY April 9Good Day Today for me. Mostly traded as per plan.
NIFTY is still in the large range of 8050 to 9150. But now, the breakout may have happened above 9050. Idea was to ride 8500 and 9200 OTM options. Then when NIFTY consolidated above 9000, I sold credit spread, which again turned out well as NIFTY expired above 9000.
Nifty Short Idea: Everything Explained in the chartthis is my view on nifty for next week.
below EMA 50 and the 8500 support that we have if it breaks 7100 is the target for me .
follow the chart for all the price action .
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Trade Log NIFTY Intraday Before Market opens
1. US Markets were up 6%
2. All Asian markets up
3. First Large Gap up above resistance and previous high.
This was a chance trade with high risk. Because if this gap holds during the day, then it becomes turning point for the market as it eats up many shorts aggressively.
Closed the trade with loss as the gap did not hold.
Pockets are Full of $$$$. Will Blood Bath in Gold for Bulls Over
As per the previous updates on the blog & other social media that Gold will soon HIT $1285. Today trading at $1285, So further in this week. If closes below $1275 Then the further move will towards $1257 & $1244. So, For Bears Today is a Good day to book there shorts with $60 points & sit relax for a new entry. For Bulls they can put the stop loss of closing below $1275 for their long position.
Utsav Babbar
CUMMINSIND: BUY at 848 SL 828 TGT 290CUMMINSIND has gained 3.16% on NSE with 3.45 times its average volumes supporting fresh long positions in FNO segment on NSE. The stock is in an uptrend trading above ichimoku.
Take a JAN Positional Long on this stock in Options. Please consult your financial adviser before investing.
BUY AT : 848
Stop-Loss: 828
Target 1 : 890