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Trade Log NIFTY May 4NIFTY opened large gap down and trended down with no major pullback. 1. VIX shot up 28% 2. Bank NIFTY under performed. 3. Broke below last important support area of 9400. 4. Also broke the support line of rising wedge. 6. Breadth was highly negative 424 Advances : 1399 Declines. All this indicates the following 1. Trend is changed to negative, 2. This is definitely second leg of the fall that started in Feb-March. But looking at the conditions , news flow etc 1. This fall now wont be as unidirectional and steep as the March fall. 2. There will be choppiness with negative bias. 3. 8300 is not short term bottom. 4. The first bounce if any tomorrow will likely to fail. I made small intra-day trade today for profit. I have also created Credit Spread for this week between 9300 - 9100. Because I think NIFTY will have some consolidation over 9000.
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY April 30Expiry day today. Gap up is huge and there is very little chance for me to participate any trade. Still scalped small profit. Few Observations for today: 1. Bank NIFTY initially surged but closed around Low of the day. 2. Advance and Decline ratio is not great. 3. This market surged in straight line from 9270 to 9860. This is 600 points rise in 2.5 days. 4. VIX has not fallen today. Till we cross 10000 - 10500 zone, we are still in large down move. Hence I'll be careful of going long till this view invalidates. Considering this background, May month may start volatile. Mostly on downside.
NSE:NIFTY
by Observe_Think_Act_Think
Trade Log NIFTY April 29NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one thing to be noted is This breakout still need to be confirmed by spending couple of days more building on this strength and staying above 9400. The overall market breadth was not very strong. 38 Advances and 12 declines. Since large move is made today, tomorrow we may have consolidation. Once again remember overall view on monthly time frame , This is just a first meaningful bounce which can fail anytime. So better to stay light on long positions.
NSE:NIFTYLong
by Observe_Think_Act_Think
EURBP CLOSE TO RESISTANCEHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, that the pair is very close to its 1st Resistance. It went up after consolidating for a lot of time and is now close to its 1st Resistance Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
Long
by Ryan_lopes
Trade Log NIFTY April 21NIFTY Opened gap down below 9040. Then slipped below 9000. 1. Today's fall was on bad global news. 2. I do not think that this is just one day fall. This is likely to continue tomorrow. 3. If it closes below 8821, then the possibility of lower low in place. I am not holding any positions tonight. I was holding sold Calls at 9400 and 9300. I covered those today. My weekly view is still in place , key level to observe now is 8821. And overall, 9400 Level, which was highlighted in Monthly Review still holding as intermediate top
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY April 20The range bound day. As I expected, NIFTY is chopping around key levels like 9300. 9:45 Initial Selling from 9385. Clearly establishing as resistance. 11:00 Follow up moves after selling is missing. 11:30 Selling around 9300. Crossed Low of the Day. 01:30 Consolidation in the range. Wait for breakout 03:00 Last Hour Selling. From Price Action , I think 1. The selling force was higher. But for every selling move, there was no follow up. 2. For now, 9385 - 9350 region is a resistance zone. 3. In last 10 days, there is common pattern - Gap up but face resistance. I think NIFTY may not gap up but rather build strength from downside. Hence I am carrying the sold CALL overnight.
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY April 16Expiry Day today. I had sold OTM calls 9400, 9300 and 9100. This was mainly because. 1. NIFTY reversed sharply from resistance zone between 9250-9300. 2. I think the reversal was strong and made lower low on daily frame. 3. The monthly trend still remains bearish and weekly trend is sideways. No new trades today. Overall traded as per plan. 1. NIFTY reversed from the opening and then held the opening level. 2. The Overall movement is less and INDIAVIX is below 50 now.
NSE:NIFTYShort
by Observe_Think_Act_Think
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