Sky_Tracer

Sky_Tracer Updated 

Nifty looks Bullish and is keen to join Bank Nifty. I don't think Bank Nifty has much steam left now in this series. However, Nifty does look like it has some juice. If Nifty closes positively above 23,585, a swing long entry would be triggered which can be carried forward for a couple of days for Target till 23,775. However, ensure to take the July week 1 series...

Sky_Tracer

Metal counters look Bullish. Along with Hindalco, JSW Steel joins the pack. Taken a long position for Target of 979. This is on cash and a swing position.

Sky_Tracer Updated 

Shorting Nifty for a quick scalp to 23546 levels only. Counter trend reversal.

Sky_Tracer Updated 

I've taken a Long Swing trade on Hindalco. Price action certainly suggests good Volumes and bullishness. Target 731. Max hold for a week.

Sky_Tracer

Short ICICI for intraday exit at 1125. Clear weakness being demonstrated and prices are unable to hold the highs.

Sky_Tracer Updated 

LT gave a Long signal last Friday and I have taken a Long trade. Today morning opening candle has given a further confirmation. I will be holding it to 3745 level which is Prev Month High. This will be Target-1

Sky_Tracer

If Nifty breaches 23,570 level within the first couple of hours of trading, it sets up for a Long trade with a potential target of 23,785. However, do not short Nifty at any cost or you will get chopped!

Sky_Tracer

Bank Nifty has rallied around 3% yesterday and has done its job. If prices sustain above 51,200, I don't see any long or short trade as we will be trading within yesterdays range. My short bias will kick in once 51,200 breaks with a good price action.

Sky_Tracer Updated 

I've taken a Long on Bank Nifty with Target of 50,600. Clear buying sentiment is visible. However, it would be interesting to see how it reacts off the selling level caused on 04th June when the Lok Sabha election counting took place. I would not touch Nifty for now as Nifty seems to be in a trap zone.

Sky_Tracer

Taken a short trade on Britannia for a Swing target to 50,288. Clear weakness is visible.

Sky_Tracer Updated 

BN looks quite weak and can be shorted for a counter trend trade till 49,411 levels max for now. Keep tight SL.

Sky_Tracer

BN is more likely to give a Long Trade this week. However, for this to happen, I would like to see BN first test 49k. But, I will ensure that I will not take any short trade on BN for now unless 49k is broken strongly on the downside.

Sky_Tracer

Nifty had rallied the last week. For now, there is no trade on the Nifty. Certainly, do not go Long on Nifty for now. You will be trapped for sure! Even if you try to go short, you are sure to get trapped since there are multiple supports! I will look for a short trade with good rewards if Nifty manages to reach 24k this week which seems unlikely. So...

Sky_Tracer Updated 

While the overall sentiment seems Bullish, I strongly feel that Nifty won't be going any higher today. Infact, my bet is that Nifty will correct to 22,700 levels this week. Entry is already made and this will be a 2 to 3 day Swing trade.

Sky_Tracer

ICICI Bank can be entered Long once it closes above 1135 levels if this happens after 2 pm today. Hold for a BTST kind of trade for Target till 1175 price.

Sky_Tracer

BN Long can be taken if it closes strongly above 49,125 within the first hour. A Possible Target being 49,425. Trade Responsibly.

Sky_Tracer

Please avoid trading Nifty today. Whatever you see today is most likely Weak Short covering. It is best to wait for Election Results to play out before the next move. Trade Responsibly!

Sky_Tracer Updated 

Nifty is clearly weaker than Bank Nifty and if there's a strong move to the downside on the 15 min after 13:30, a short trade can be taken for max target till 22,465. Trade Responsibly!