Pratik_4Clover

Pratik_4Clover

BTC might see 13300, 13080 and final target 12800. If by chance it does come there I would be very interested in buying it again. But till then its a short opportunity

Pratik_4Clover

SPX is looking good for short for the intra at current levels, unless more buying volumes are shown in that area, right now its getting squeezed

Pratik_4Clover

As discussed on last post BNF was showing signs of strength and we opted for long options for swing trading, we have hit out tgts and now closed out longs. From here on we may see some retracments, we are opting to stay neutral until positional trend change presents itself to us, if that doesn't happen we will enter longs again.

Pratik_4Clover

As discussed last time, BNF is showing strong intent, although today was rather dull but expect it to ride this series off with some gains. We are still intending to short on next series but there not yet signals for that, so we are riding off the rally.

Pratik_4Clover

BNF and NIfty both are showing signs of strength, we expect it to touch 31500 and expiry around that, in nifty we expect expiry around 12050-100

Pratik_4Clover

We had losses on our intra day shorts but as soon as range was broken on upside we were able to long both index, there is still more up move we are expecting so we are planning to continue looking for bullish moves to capitalize till we get back into dried out volatility situation. Like discussed there was some stimulating news from government for banks "Govt...

Pratik_4Clover

Like discussed in last post, we are getting signals of weakness in both index, it is better to short intraday or shorter time frame till we get positional signal but at the moment both index are not showing sign of much movement. This reduced volatility is not good, unless there is some +Ve news markets will have hard time moving up, usually this is the time...

Pratik_4Clover

Its been while, but BNF is looking at a little bit of crossroads, I would wait for right opportunity to short as we are nearing holiday month for FII. On intraday bases one can take little risk and short below last 30 min candle and positional short below 30500 level aprox, above that market might stay in range as above levels are not held and would end up just...

Pratik_4Clover

As mentioned in last publication, I had suggested that close below 30400 would suggest weakness in trend, which has happened. Now Price is taking support in cloud and has closed within it. I would wait for tomorrow open and either going above 30400 or sliding down the cloud, today it was good for intraday plays as suggested, until this happens it will be same...

Pratik_4Clover

As you can see from today's price action, it is clear that BNF is in need of trigger to sustain above 30400, not sustaining above it is not a good sign for bulls and we might end up reversing to 29900 and 29500 levels if we can not close above this. It is not advised to carry any positions today EOD, its better to book longs if any and be on shorter tf for...

Pratik_4Clover

Just like Nifty I also see strong signs of trend continuation in BNF, although its not good idea to be this super long in both index as they both have positive correlation and your risk management can be out of order if view goes wrong, what can I say? Its just looking like bull territory above 30400, and I feel that hurdle will be crossed in Monday opening. This...

Pratik_4Clover

A little non-streamline opinion again, ppl are carrying shorts due to formation of doji's in Nifty, but personally I feel we are still in very strong trend, yes there are very less chances of repeating things like "Only 4 times nifty given 6 continue +ve close in 2019" up and it can be very sharp correction when it comes, but I feel that will come after ATH, or...

Pratik_4Clover

Ppl didn't trust me when I was gunning for 30400-500 area from Muhurat day, but now BNF has done it and done it in style on expiry. Trapping many shorters, I hope at least those who followed had some profits. Anyways, thats not the point now, whats next? I expect it to correct till cloud and then bounce back, remember that it is expectation and it may also decide...

Pratik_4Clover

Today BNF made high of around 30140+, again huge move upside, since our longs were present since Muhurut day we booked partially today and now TSL from 29950 for tgt or 30400+, however if 29950 is not held we might see some trend reversal for swing traders. So be careful, only money safe is the money in your pockets, so book whenever you can :)

Pratik_4Clover

This is just speculative view, on the day of Muhurat BNF had given signs of breakout and today it had a very strong rally of over 1%, tomorrow we may have some premium eating, but I expect rally to continue to 30400-500 in next couple of days, maybe to day of expiry. Determining time for such a thing can be like looking into crystal ball, but I have confidence in...

Pratik_4Clover

As discussed on previous post, nifty is showing some +Ve bias and accordingly Muhurat trading has pushed price by some 50 points, this area is where accumulation is happening, one can go long above 11700 for ATH, however if market reversed one can also short with SL of 11720. This zone is very important in terms of next move for nifty. RSI is showing 50+ strength,...

Pratik_4Clover

Muhurat trading hrs pushed Banknifty above the resistance line shown previously, there is also formation of some support as far as cloud goes and RSI is showing 50+ strength, this is sign of making a support area here and there is good chance that we will have some upmove in upcoming sessions. It would be interesting to see where opening on Tuesday is, depending...

Pratik_4Clover

Just like Nifty BankNifty is also showing signs of some accumulation, it is crisscrossing on cloud and there is yet not any indication of clear trend. Till the break out is given above resistance area and support area shown in chart it would be wise to not take positional trades in it. It is however showing some subdued +ve biased indication due to carry forward...