Tomorrow at 17400-500 let us book once and wait for that break of 17500-50. If we get it at one shot let us continue with our buy after 17550. If we get a dip to either 17300 or 17200 let us buy with stops of 20points and again trail at 17500-50 depending on price action there.
Expectations are for the mad rally to continue to the moon probably to as high as...
Nifty has run wild and we have been enjoying this ride. However consensus is building up on longs and many getting hyper bullish. Things might remain bullish positionally and those who bought at 17000 levels need not fear. However fresh buys here need tight stops. Nifty might reverse and scare with a 250-300point fall in this week after making a top at around...
Tomorrow might be an explosive day on nifty. Writers struggling to manage this week and mishap is guaranteed for buyers.
If nifty opens gap up and does not go below 17100 after several attempts and consolidation probably between 17160-17100. At the end nifty might just hit a racing rally if finds a break above 17200, if it does find that break a...
Nifty has gone wild. Let us simply not attempt to short it.
At dips to 17050 buy with stops at 17000 for a target of 17300 by weekly expiry.
Every dips buy with stops of 50pts and tgt of 200+ trail only from there and repeat.
Let us not make the mistake of selling this market early. Let us take our time wait, and sell only on resistances and trail tight on a sell when selling.
Trade T1: Buy at 16880 with stops 16850 for 16990-17000.
Trade T2: Resistance and reversal at 17000 to be sold with tight stops of 20points towards tgt 16800 trail every 100points with 20pt stop.
Nifty is in celebration mode sgx indicating gap up and staying above 16770 should take NIFTY to new heights of 16900-50 making a very good monthly closing in euphoria. Bulls deserve such a feat . The next major round number 17000 might give us a little bit of a trouble and the same may be expected. How big might be the pullback would be interesting to see. A...
After good trending moves in the last few weeks, nifty seems to be under consolidation mode. Oi data suggest the same. Indicators confused as to buy or to sell. No trades coming on my screen for very long. Patience required.
Possibilities for the week.
Trade1: Buy at 16600 with 50point stop tgt 16750-800 trail at 20pts at 16700 if reversed again.
Trade2: After a...
Updates for the week. NIFTY a trade plan:
Buy the dips galore.
16400 has been confirmed as a bottom possibly for this expiry, incase 16400 breaks there might be a big dip and hence lets keep an sl of 16410 to be safe and buy the dips in the coming days.
I foresee this call oi at 16500/600 that has come up to get into trouble by wednesday...
When i thought being a bear today was an original idea, social media hype on bear i realised is all time high so i thought how could bull screw the bears.
Oi data suggests range for this expiry might be within 16700-16200.
When scenario number 1 for bulls said buy the dip It might so happen before a mean reversion to the 16400 area in a bullish case bulls might...
Since everyone are bullish on NIFTY and are looking at sgx and having mood swings I decided to take a rain check and see what if things turn bearish from tomorrow to expiry. Truth is bears have made intra day attacks more than the bulls for a week now and the stocks have gotten bearish. What if we turn bearish!?
Since the rise from that lows of about 16165 we...