Mo-Kri

Mo-Kri

DATE:03/10/2022 In a daily time frame price has formed a inside candle. If we observe in 1 hr. time frame its not a bearish sign until price breaks down recent low (16750 levels) So until it crosses that low its better not to carry any short positions in nifty. Observe the price action structure here 1)There is a recent lower high formation (17050...

Mo-Kri

Hi there, Nifty Closing today 29/09/2022 : 16818 spot Since last 3 weeks if we observe Nifty movement there is lot of selling pressure. From the recent high of 18096 levels Nifty has declined almost 7.5%. In the chart if you observe I have drawn a primary wave .It looks like we are in the wave 2 of that Elliott wave. wave 2 will be mostly 3-3-3 or 5-3-5 corrective...

Mo-Kri Updated 

Nifty is in the Golden Fib zone. If any expiry day reversal this will be good time Conditions : Nifty should form a low here in and around golden zone It should give closing above 16945. After that If it give a pull back then we can enter with day low as SL No trade if the conditions not met. If all conditions are met Managing the trade: If the trade goes in...

Mo-Kri Updated 

All the rules and conditions explained in previous Nifty idea. Same logic applies here also. If today's low is defended this will be a jackpot trade All the details are mentioned below Entry:38015 Don't have a feeling of FOMO. No need to compromise. We can always find entry points. SL :37820 Lets see If we can secure this trade. Managing the trade: If the...

Mo-Kri Updated 

Since the last 1D green candle close our market is down by almost 4.5% Those who shorted the market heavily will start booking profits if the market start going up. Because of this reason I'm expecting a positive day and close today. Even the recent idea Elliott waves suggesting a retracement. All the details are mentioned below Entry:16930-16950 Depending on...

Mo-Kri Updated 

I have attached my actual idea link here Going by that setup we can plan for intraday buying opportunity Entry:17040 SL :16970 Its a little bit big SL per lot If i have to say roughly 35 rs per lot for ATM call option. Lets see If we can secure this trade. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to...

Mo-Kri Updated 

Look at the bigger picture. It might be a 5-3-5 corrective pattern(ABC) or 3-3-3 corrective pattern (WXY). If Nifty crosses 17135 recent swing high then it will be a buying opportunity in intraday basis. Targets of 17330 If Nifty crosses 16997 recent swing low then it will be a selling opportunity in intraday basis. Targets of 16800 Please do not take a trade just...

Mo-Kri Updated 

All Levels are in the chart. If the low is protected Price will reach its day high in intraday. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING...

Mo-Kri Updated 

All the details in the chart Preferably cash segment. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss. *SECURING THE TRADE AND PROTECTING THE CAPITAL...

Mo-Kri Updated 

Price has fallen almost 220 points today in an hour. 17635 level is the 0.5 Fib ratio of recent up trend Expecting price to reverse from here at least for today With small SL of 40 points we can go long on nifty 17660 with a SL of 17620-30 With an ATM option this will be Approximately with a risk of 750 to 1000 rs per lot Target will be in...

Mo-Kri Updated 

@Nifty Since the Price is falling I will be looking to short the index Price probably took some support 17880 Since Price has fallen 230 points from day high ,expecting a small retracement or pull back in intraday. So many supply areas has been created but 18000 being a psychological level ,I'm going with that one. With small SL of 40 points we can short nifty...

Mo-Kri

Bank Nifty looks strong as it broke past resistance. If it trace back to its demand zone (40833) we can go long. If you want confirmation wait for bullish candlestick pattern. SL level will be 40700 Add 15th sep 40800 CE in your watchlist. SL will be 45-50 rs per lot. If price comes back with big red candles definitely wait of bullish candlestick pattern. PS:...

Mo-Kri

Price is coming to its supply area. Expecting to see some red candles here. ENTER 40822 with SL levels of 40922. Target will be in execution. Buy 15 sep 40800 PE @ 273 - 275 SL :230-233. 1000 rs risk per lot Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with...

Mo-Kri

BNF just took support from PDH. With a SL of Just 60 points we can go long at cmp 46733 SL levels:40670 If we buy ATM option approximately 15 rs SL i.e, 375 rs per lot. Target will be in execution. Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2...

Mo-Kri

When the price comes back to supply area (17724) good for a short trade with an SL of 17774 Managing the trade: If the trade goes in our way *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL. *Exit remaining with trailing Stop loss.

Mo-Kri

ITC broke the trend line with high volumes. *It has been in uptrend without a proper correction for uite a long time. For Intraday can short ITC @cmp:327 - 328 with a Stop loss of 332. If the trade goes in our way Targets will be *Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost *Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by...

Mo-Kri

Nifty is at Resistance trendline .Wait for rejection candles/pattern for taking short side.

Mo-Kri

Disclaimer: Only for educational purpose, not any kind of buy or sell suggestion. All the levels are indicated on chart. If the price comes to this supply level can go for short with small SL of 40 points. And If we are achieving Around 1:1 ratio always plan to take some profit home or shift your SL to cost. Its a 5m chart trade plan