Nifty Key levels for day traders

[sachinsamani]

linkon,

i have sent a PM for u. Pls check

Sachin

 

[findvikas]

why would u want to loose 7 points plus brokerage...?

its a pure directional call... trade NF...

i was planning to short 4800 call and 4900 put... but the diff isnt much and avoided the trade...

We have very different levels but still better not short 4800CE.. not atleast now... may be around 80 levels... I see it touching 80 again

 

[linkon7]

We have very different levels but still better not short 4800CE.. not atleast now... may be around 80 levels... I see it touching 80 again

even if it touches 80... its not doing any harm... as long as it stay between 4800 and 4900...

the sum of the premium minus 100 = profit...

if it break either 4900 or 4800 we hedge it with NF...

 

[linkon7]

NIFTY's MOVEMENT ON UNION BUDGET DAY…..since 1999

FEB 27, 1999 +5.13%
FEB 29, 2000 -5.12%
FEB 28, 2001 +4.38%
FEB 28, 2002 -3.87%
FEB28, 2003 +0.19%
JAN 8, 2004 +2.54%
JULY 8, 2004 -2.25%
FEB 28, 2005 +2.18%
FEB 28, 2006 +0.86%
FEB 28, 2007 -4.01%
FEB 29, 2008 -1.38%
JULY 6, 2009 -5.83%

Its best to wait for the dust to settle down and then take the direction of the flow...

 

[linkon7]

There will be big moves today and as traders we are very tempted to ride it.

But when news flows... charts becomes useless....
without charts... what do we base our judgment on...

A good amount of negativity is built into the system. Pre-budget rally didnt happen.... so how to take the call...?

My submission is, This is the main event that everyone was waiting for. And a new trend will come into play soon. we will ride that trend. trend wont be over in 1 day and there is time. plenty of time. Lets the big guys work out their math this week end and let them fight. we'll wait with out pop corn and coke on the side lines and watch the fight. when One side wins, we'll jump in...

Till then, avoid surfing inside a washing machine....

 

[charts trader]

Gann projections....

Done :thumb:

 

[praveen taneja]

Linkon bro I like ur picture so active in this age marvelous:rofl::rofl::rofl::rofl:

 

[varun2504]

Hello Linkon ji
( Einstein E= mc2)

whats ur formula here

Can we see any profit booking ?

what is ur analasys ?

 

[linkon7]

I think today counts as a day of profit booking..but we never broke 5050...
When spot broke 5050, we went into premium. Thats a sign that 5050 is acting like a bottom. Now what to expect...?

A dash to 5300 and beyond.... unlikely...
A selloff to 4900 and below.... even more unlikely...

Range expansion needs a upper band and a lower band and we will establish that first. So far, 5080 is the high. But we closed near the high and chances are we will see a gap up tomorrow, if global market supports. 5050 was todays low and so far 5050 to 5080 is the range.

Either boundaries will be broken tomorrow and a new range will be established...

 

[Pralhad]

I think today counts as a day of profit booking..but we never broke 5050...
When spot broke 5050, we went into premium. Thats a sign that 5050 is acting like a bottom.

Very good observation and reasoning!

I was also wondering how sentiment changed from around 5 point discount to 5 point premium in NF.

Regards,

-Pralhad