Positional Call on Nifty Trade

[anup0212]

trade-15: risky trade...go short on cmp expecting 20 points on downside..might be quick down side...

 

[anup0212]

trade-15 update seems market is holding to better watch this trade with SL ...something over 6229 spot lvl..else close this trade right now...

 

[anup0212]

trade-15 update loss of 15 points..

 

[anup0212]

market seems to today spent most of the time around 6200 spot seems to me a fall is going to come may be tomorrow ...a little correction is also expected...let see what happens tomorrow.

 

[wiseowl]

closed posn at 6200 -- 30 points
went short 6159
closed posn 6137- 27 points
open posn nil

 

[anup0212]

market seems to today spent most of the time around 6200 spot seems to me a fall is going to come may be tomorrow ...a little correction is also expected...let see what happens tomorrow.

as I mentioned here market was hovering ard 6200 so expected to fall and same came ...let see if pull back comes tomorrow or not ...

 

[seetharamank]

sir urs is simple logic but a chart will be more appropriate

 

[anup0212]

Trade-16: Go short with ..tgt1 6026...5990 lvl in spot.....sl i will provide later...all the best..
hk

 

[anup0212]

sl keep 6087...as per trend...

 

[wiseowl]

On hourly chart nifty is forming a head and shoulder pattern the formation will complete when nifty crosses below 6000.


DAILY CHART ALSO CONFIRMS HEAD AND SHOULDER PATTERN . SO IF NIFTY-F MOVES BELOW 6000 THEN WE CAN EXPECT A FALL BY ATLEAST 100 PTS
NO OPEN POSN OR TRADE TODAY BROUGHT 6000 PE AND CLOSED POSN 23 POINTS.