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Short!!!!

Nifty: Technical Analysis once again helps us in our trading 🙂Note this is not a trading idea now but a post analysis of trading plan discussed in my previous update. We are looking at a 15 minute chart here, to see Nifty behavior in detail, corelate the movement with our previous analysis and see how useful Chart Analysis can be... The red zone can be found in my the previous analysis also... Refer to my previous update here in the link below... which was given, When Nifty was at 17301 We were not sure if Nifty would really come up, so we did not play for the up swing as Risk::Reward ratio was not favorable. Rather we waited and waited patiently on the sidelines.... Not trying to time the market but playing as per levels. Levels where Risk::Reward ratio is favorable... When Nifty came close to 20 day EMA yesterday, (20 day EMA @ 17508 and Nifty made a high of 17489) we just executed our plan to go short as discussed in my previous post as we knew our risk is very low and reward potential is high. After the initial jump & dump, Nifty struggled to get past 17417, a level already highlighted in the previous post. Trading is not about trying to capture every move. Look at it as a game of Chess where you let the market make it's move and when it is done, you play yours. Keep patience while you trade and it will reward you... Follow to get regular updates Take care & safe trading...!!!
NSE:NIFTY
by indiamarketoutlook
5
Intraday trade: watch for support breakdownshort below 748 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before 9:20 If gapdown is more than 1% from bd level than avoid completely. if less than 1% or gives bd before 9:20 than wait for first 5 minute candle and entry below 5 minute candle and revised SL above candle high.
NSE:SUNPHARMAShort
by stockkar
Intraday Trade: watch for trendline breakdownshort below 740 in Intraday For stoploss in Intraday use 5 minute chart and see nearest resistance. for target use 5 min chart and fibonacci pivots as i don't keep predefined target. try to book partially and trail. Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis NOTE: For Gapdown or bd before 9:20 If gapdown is more than 1% from bd level than avoid completely. if less than 1% or gives bd before 9:20 than wait for first 5 minute candle and entry below 5 minute candle and revised SL above candle high.
NSE:COROMANDELShort
by stockkar
Nifty Caution: Danger ahead - Nifty could be attempting the Line of Support for the 5th time - the 2-3-5 Rule suggests not to Buy when it comes to the Line of Support for the 5th time. - Would it break??? Target for the setup in case we see a breakdown is mentioned in the chart. SL if the line of resistance is taken out ( red trendline) This is not an intraday view but more of a directional view in due course. Note our positions in Nifty has been taken earlier. You can go through my previous Nifty views to understand that part. Also, this is all about probability and not a necessity it would happen. So do follow your risk management measures. Trade accordingly. It's your money. Take decisions responsibly. Take care & safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
Nifty Chart set upNifty - is Nifty struggling to stay up? - is the orange support line getting weaker?? - is it time to be cautious??? Only time will tell. We have planned our trade accordingly... Safe trading...!!! Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:NIFTYShort
by indiamarketoutlook
1
Reliance Industries Short (don't buy only sell)NSE:RELIANCE reliance may fall there are several reasons 1) it has formed a head and shoulder pattern and has given a breakdown. 2) if you notice breakdown candle is bearish "marubozu", showing people are selling at all prices. 3) it broke 50 ema showing weakness in the stock 4) RSI is below 50 showing bear grip 5) it has to take support now at the support level according to Fibonacci and pivot if it breaches that level downfall starts. 6) at Target 1 Fibonacci level, support line, pivot lines and 100 ema are matching each other showing strong support. 7) volume is not so great but it's average. 8) in the option chain "call side" people have hugely added open interest at 2500ce strike price means people have shorted 2500 assuming the market will fall or consolidate below 2500. 9) in the option chain "put side" people have hugely added open interest at 2400pe strike price and premiums are going up showing its a long build-up, assuming the market will fall below 2400. if you are looking to buy, buy only after signs of bull grip. Disclaimer: I'm not SEBI registered guy
NSE:RELIANCEShort
by rajeevpatil
2