Nifty

@ 5860 and finding hurdle.

 

@ 5870

 

Heads up nice pull back (wild move) .

Pin bar appeared and the pin bar settles between support and resistance.

Who will win bears or bulls?

Thanks,
Siva.

 

Yes, good 'wild move' indeed... recovered from day's lows

What are the thoughts for tomorrow (expiry day) ?

 

Pin bar appeared and the pin bar settles between support and resistance.

Today Oscillator did not gives the leg up.

Today's candle stick did not close above the yesterday's candle stick.

So I assumes downtrend will continue.

Thanks,
Siva.

 

Tomorrow 5922 will be real hurdle on up side and 5750 on down side.
Let's see tomorrow.

 

Sorry for delay
Added more nifty oct 6400 ce 250 @ 18.15 now average price is 29.92.

 

Some times average the price is not a good idea by adding the additional calls.
Emotion - We do not like to go out from the position because want to get victory in the battle.

Finally it leads to disastrous.

This is my personal experience (Do not want to hurt any one)

Thanks,
Siva.

 

You are absolutely right but I have added because I was prepare for that and not by emotions.
I don't prefer averaging but in a volatile market sometimes u have to do it but for that u should be prepare and should not take much on 1st position or else u will be no more in market.

Emotion - We do not like to go out from the position because want to get victory in the battle.


Many people do this and majority of time they loose and then they start blaming market even I used to do that in earlier days.
Now day I don't, why?
Now I don't trade with any kind of emotions cause that hearts, excite, make u feel happy or sad and for your kind information I am not 100% correct and no one could be if anyone saying so he just making fool of us or making fool himself.
For your knowledge I also take exit with loss if market say so.
On 19th Sep I exited with loss of Rs. 2342 in nifty 5700 pe I took this put on 17th Sep but on other side I have made 3462.5 on nifty 6400 ce on 19th Sep only that call I have taken on 12th Sep.
For more clarity I am attaching my few trade which I made Aug to till date.
leased:

 

Bought Oct nifty pe @ 89.45.

 

Nifty(spot) may test 5930 , 6020 levels Support around 5850

 

Added Oct nifty pe @ 80 to hedge my long as 5900 is looking actual hurdle. Now purchase price is 84.72

 

ALERT strong bearish engulfing candle on intraday chart of nifty seen @ 5900 level twice.

 

Yes that is y I covered my nifty Sep 5900 ce @ 13.3 which I bought 23.65 and booked loss of 2070 means -43.76%.

 

bought nifty sep 5850 @ 56 and covered it @ 60 could cover @ 67 when nifty on 5917 but as I mentioned earlier 5922 as resistance, so plan to book @ 5920 but it came down all of sudden.
Better to have small profit but not big loss.
Not able to update on time cause I have to trade very fast and time is not left.

 

nifty sep 5850 @ 39, what a exit,exactly from where nifty again started falling.

 

Now nifty spot is trying to form a pin bar, means trend could change from here.

 

Finely nifty made a pin bar but the problem is it has form a bearish pin bar.

Better to see tomorrow opening and closing.

 

Net loss of Rs. 1870 after deduction+addition but that could be huge loss if decision was not taken on time at least my decision which I took on time save me to become a zero.
Thanks to all of those who taught me about it.

carrying nifty oct 5700 pe along with nifty oct 6400 ce.