Nifty Key levels for day traders

[linkon7]

this is absurd.... 5300 put is trading at 62...at a discount of 4 points...
nifty is stuck at 5234

 

[linkon7]

1 Hour 15 min passed and NF Range is 12 Points

I went long at 5333 at 9.30... my sl is at 5331....
almost 1 hr now... my 2 point sl is not hit...

and max it went was 5 points.. from my entry..

 

[Pralhad]

yesterday somewhere AW10 sir predicted that today action will not be much.

 

[trader.trends]

this is absurd.... 5300 put is trading at 62...at a discount of 4 points...
nifty is stuck at 5234

The status quo will prevail until 1430 and if we manage to hold our heads above 5230 without dipping much perhaps the shorts will cheer us all the way to 5270+. . That is based on hope and not on any TA. Anyway, hope is not a strategy. Have a long position with stops at yesterday's low. Expecting the series to close where it opened +/- few points (5276).

 

[Pralhad]

I found AW10 post. Here it is

And finally yesterday rating agencies have called Greek bond as Junk. And also brought Portugal in focus now.

Immediate effect is crash in all risky asset - S&P 500 down, FTSE down, Oil down. Emerging mkts down... and run to safety of Gold which is hitting new 30day high and attempting to breakout from 1160/1175 resistance zone.

In our market, are we seeing the formation of right shoulder of H&S pattern ? I will be watching for increse in volume and strength in this leg of fall. IMO, without any doubt we have downward channel in place now and hence trend is down. I won't anticipate much action tomorrow but will be looking forward for Friday's market. Might like to using tomorrow mkt to buildup/adjust my positions and hedges.

Raunak, looking forward for your charts later today.

Happy Trading

 

[trader.trends]

1214 29/04/2010 10:32:27 5,234.25 3,350
1215 29/04/2010 10:32:31 5,234.65 741,700
1216 29/04/2010 10:32:35 5,234.25 1,600

741700 shares traded for a tick change of 40 paisa!!

 

[linkon7]

yesterday somewhere AW10 sir predicted that today action will not be much.

Thanks...! Now I know who is responsible for demoralising the bulls & bears...

 

[linkon7]

7.5% increase in OI...for a market flat as a carrom board

 

[Pralhad]

1214 29/04/2010 10:32:27 5,234.25 3,350
1215 29/04/2010 10:32:31 5,234.65 741,700
1216 29/04/2010 10:32:35 5,234.25 1,600

741700 shares traded for a tick change of 40 paisa!!

I wonder, How it can be interpreted?

 

[trader.trends]

7ATR stands at 64. To maintain that we need a range of 48 today. Max anticipated low: 5168 Max anticipated high: 5264. So far the days TR is 26 from PC to high.