Nifty

Nifty taking 5700 support it seems now as per what Sanjay suggested

 

made a high of 152.90 but small profit is better then a loss.

 

CAD and US shutdown news is over now, what is the(news) next now?

Thanks,
Siva.

 

Next news would be "Upcoming results"

 

Bought position in Nifty oct pe 5600 @ 95 may add more.

Will buy long only if nifty spot manage to cross 5764-65

 

sorry posted this in wrong thread:

Inverted Hammer seen on nifty intra day chart.
Alert for those who r long.

 

Message I posted @ 10:10 APPr.

By mistake posted in aurobindo thred.

 

Inverted hammer - meaning longs would be back ? Is a pullback/reversal awaited or opposite ?

 

Means change in direction down will start if previously going up and up will start if previously going down.


Nifty got stuck in very tight range of 5735-5762, trying very hard to break at higher not but unable to do so because of so much pressure.

 

Seams that nifty has form W on intraday and trying to break out.

 

OK, this means - Nifty was in downtrend - now inverted Hammer suggests it would go up, reversal will happen.

Nifty in tight range - YES - there's pressure of what ? selling pressure ?

 

Bought nifty 5900 ce @ 100.50.

 

hey u took it completely wrong it is in uptrend on itnraday mean may go down but now it has W breakout on intraday.
so I hedge my puts cause longer term trend is still down.

 

OK - let me say once

Nifty was in uptrend intraday - remained +ve - hence, Inverted Hammer would mean "ulta" from there - meaning downtrend

Thereafter, W patern on intraday - suggests breakout - so you hedge your puts only (not book them) - cause longer term trend is bearish

Is this correct ?

 

Correct.

 

Impact on nifty

What will be impact of those arrows in Nifty?
Can u work out ?
I'll update soon.
Till that just think.

 

As per my analysis nifty has to test 5650 levels ( may be i am wrong , but lets see).. After this we can expect a larger up move....

 

As per the arrows if nifty breaks down at 5684 it can gone down till 5505.

If it does not take support from 5505 then it leads to disaster.

Thanks,
Siva.

 

Could not update more today because some unavoidable urgent works, I have put limit sell order for my nifty OCT. 5950 ce @ 105, it made a high of 105.65 but I don't why not executed may be because of a spike of sec., reason of that still in my position.
Another one I put buy limit order for my nifty Oct. 5600 pe @ 81 that got executed, it made a low of 80.55.
Anyhow now I have 1 lot of 5950 ce @ 100.90 cmp is 103.15.
2 lot of 5600 pe @ 88 cmp is 81.

Let's see day after.

Waiting more responses for NIFTY ARROW IMPACT.

 

It has been seen so many times in so many script and markets that sometimes it takes support at the mid of previous gap up.
So Nifty may take support @ 5700, that could be very clear if able to manage cross above 5850 and sustain.

If breach 5700 then be ready to see more drastic down side.