Only Positional Community
NIFTY50 Trading below 200 DEMA Support recent swing low 17251 Resistance 17530-17572/17770-17780 Close abv 17800 required for bullish trend
SGXNIFTY UPDATE
Currently in channel taking support
We can see some short covering, this 17000 level can work as interim bottom in NIFTY.
Currently in channel taking support
We can see some short covering, this 17000 level can work as interim bottom in NIFTY.
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Also there is some positive news on inflation data, so we can see some upside move. Use this move to exit weak trades. New trades will be shared.
Only Positional Community
DOW has still room for 500 points downside.
500 points DOW done. Exact support from that level and now recovered.
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Only Positional Community
500 points DOW done. Exact support from that level and now recovered.
2 levels here will work as sell on rise
32550 and 33600. Same thing may replicate here also. Wisely use this short covering.
32550 and 33600. Same thing may replicate here also. Wisely use this short covering.
Hello Members,
Final support to be protected 16750-16760
This is just to update for on going global banking crisis.
As far as Indian Banks are concerned they are fundamentally sound but we cannot escape the global spill over.
Stance is bearish on markets unless we go abv 200 DEMA and close abv 17550-17600.
We may see a pullback move till 17200/250 and 17450/500 can be relief rally or short covering.
We would suggest not to enter any fresh trades. Those bought can be exited on SL hit basis.
Those entered fresh keep then with tight SL.
Those holding can hedge portfolios with NIFTY monthly Puts with ATM or ITM strikes.
Not a trade recommendation. Short trades will be shared as and when we go further and things unwind.
Invalid when we close abv channel and 200 DEMA.
Final support to be protected 16750-16760
This is just to update for on going global banking crisis.
As far as Indian Banks are concerned they are fundamentally sound but we cannot escape the global spill over.
Stance is bearish on markets unless we go abv 200 DEMA and close abv 17550-17600.
We may see a pullback move till 17200/250 and 17450/500 can be relief rally or short covering.
We would suggest not to enter any fresh trades. Those bought can be exited on SL hit basis.
Those entered fresh keep then with tight SL.
Those holding can hedge portfolios with NIFTY monthly Puts with ATM or ITM strikes.
Not a trade recommendation. Short trades will be shared as and when we go further and things unwind.
Invalid when we close abv channel and 200 DEMA.
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PVR
Sell below 1555
Target 1495
SL 75 min closing above 1600
We have created a bear call spread as following:
Bought 1620 CE at 14
Sold 1580 CE at 27
Max profit per lot: ~5500
Max loss per lot: ~3500 (Stoploss of entire strategy)
If price closes abv SL levels given can hold CE buy for 1-2 days this can minimize loss.
Sell below 1555
Target 1495
SL 75 min closing above 1600
We have created a bear call spread as following:
Bought 1620 CE at 14
Sold 1580 CE at 27
Max profit per lot: ~5500
Max loss per lot: ~3500 (Stoploss of entire strategy)
If price closes abv SL levels given can hold CE buy for 1-2 days this can minimize loss.
Hello members,
This is just to update the trend still not changed, we may see some recovery bounces. If we go by wider market then CNX200, CNX500 have broken their September lows.
Can refer the chart.
It is better to wait for clear trend to establish, till then any bounce offload your holdings.
This is just to update the trend still not changed, we may see some recovery bounces. If we go by wider market then CNX200, CNX500 have broken their September lows.
Can refer the chart.
It is better to wait for clear trend to establish, till then any bounce offload your holdings.
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Only Positional Community
PVR Sell below 1555 Target 1495 SL 75 min closing above 1600 We have created a bear call spread as following: Bought 1620 CE at 14 Sold 1580 CE at 27 Max profit per lot: ~5500 Max loss per lot: ~3500 (Stoploss of entire strategy) If price closes abv SL…
Follow through down 2%.
Hello members, we understand that you are not getting much updates from OP since some days and it is because the markets are really choppy and there is no direction that can be understood to catch any momentum. We are currently working actively to create new futures and options based strategies which may or may not be directional to curb the non-trending days and get some consistent money flown in.
This is not to say that we have stopped monitoring the positional swing trades however we are waiting for the monthly close at Friday and expiry tomorrow to let the dust settle in and we get a better picture about the direction markets may move in. We will keep this space updated as and when we have things to communicate. Keep staying safe! Cheers 🥂
This is not to say that we have stopped monitoring the positional swing trades however we are waiting for the monthly close at Friday and expiry tomorrow to let the dust settle in and we get a better picture about the direction markets may move in. We will keep this space updated as and when we have things to communicate. Keep staying safe! Cheers 🥂
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Only Positional Community
Hello members, we understand that you are not getting much updates from OP since some days and it is because the markets are really choppy and there is no direction that can be understood to catch any momentum. We are currently working actively to create new…
Hello members,
CNX500 (NIFTY500)
Update
Wider market wide there is halt in downtrend, yet waiting for market to settle and take reversal from this point.
Close abv 14700.
Nifty took interim bottom at 16800 and has come to 17400. But strength seems to be missing.
Wider market should breakout then only we can plan for bullish trades.
All major indices at resistance. Coming 2 weeks picture should be clear and thereafter can see some directional moves.
CNX500 (NIFTY500)
Update
Wider market wide there is halt in downtrend, yet waiting for market to settle and take reversal from this point.
Close abv 14700.
Nifty took interim bottom at 16800 and has come to 17400. But strength seems to be missing.
Wider market should breakout then only we can plan for bullish trades.
All major indices at resistance. Coming 2 weeks picture should be clear and thereafter can see some directional moves.
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