Nifty Future trading plan

[mando25]

Trade Analysis for Friday -

1. Nifty Future closed up 40+ points on higher volumes, with a late afternoon surge above 5000
2. Max. Volumes trades around 4993 level. Stoploss for Positional longs can be kept 10 points below this level now (entered above 4925)
3. Open interest addition at 5000 PE - bullish. No real call addition. 4800 is the support now. Lesser open interest in calls means trend is bullish
4. VAL, POC and VAH at 4974, 4992 and 5010.
5. b shaped profile. Ignore value areas. Tomorrow's movement will give more clues
6. Swing low at 4965, below which, positional shorts can be taken

Trade plan for Monday -
Trend remains up. Buy trades to be preferred.
1. If it dips in morning trades, Buy near 5030/5040 range, with stoploss below 5010 (5 min. closing)
2. If continues to rise, no trade.
3. Continue to hold positional longs taken at 4925, with trailing stoploss now at 4980 (max. 4965, below which, positional short to be taken)

 

[mando25]

Update -
No trade on Monday, as Nifty future dipped in the closing hours to our Buy level.

Trade Analysis for Monday -
1. Nifty Futures closed down around 40 points on average volumes
2. Nifty also closed below is 200 DMA after closing above it on Friday - Negative
3. Short term Swing remains Up. Positional longs can retain stoploss at 4980/4965 level
4. In options, almost equal addition at 5100 PE and 5200 CE. 5000 strike has almost equal open interest in calls and puts, which may act as pivot now
5. Max. Volume traded around 5112 level today

Trade Plan for Tuesday -
1. Keeping in mind the high volume trades around 4990 levels, this will be a good area to initiate aggressive longs, if Nifty dips to this level. Buy Nifty near 5000/5010 level, with stoploss below 4980. Targets 5030 and 5070
2. If opens up and starts moving up in morning trades, Sell near 5070 with 20 point stoploss. Target 5040 and 5010
3. If closes below 4960 on 15 min. charts, positional longs will be closed and shorts will be opened

 

[mando25]

Update -
1. Trade 2 played out today, hitting our stoploss of 20 points.
2. Positional long remains. Stoploss still at 4980

Trade Analysis for Tuesday -
1. Nifty futures closed nearly 80 points up on higher volumes, closing above 200 DMA again on higher volumes
2. Nifty formed a Bullish engulfing candle on Daily Charts, although it did not come in a declining trend
3. Max. traded volume at 5120, followed by 5033 and 5064/5086 zone
4. Not a normal day as per market profile. VAL, POC and VAH are 5022, 5033, and 5088
5. Options data bullish. Good addition at 5000 PE, 5100 PE and 5200 PE strikes. Not much activity in calls
6. Swing low at 4965, below which, positional shorts can be taken

Trade plan for Wednesday -
1. Stoploss for Positional Longs at 4980. Reverse to Shorts below 4965
2. No trading for morning tomorrow. After that, if it is sustaining with volumes above 5125/5130, then Long trade with Stoploss below 5105 to be done

 

[mando25]

Update -
Trade 2 entered above 5125 today. it went up till 5144 but closed near cost. In the end, Brokers day

Trade Analysis for Wednesday -
1. Nifty Futures closed flat on average/lower volumes
2. Nifty again closed above 200 DMA
3. Put addition at 4900, 5000 and 5100 strike. Call addition at 5200 strike
4. Normal day as per market profile. VAL, POC and VAH are 5106, 5119 and 5132. After 3 days, good trade setup as per market profile
5. Hourly Swing low raised to 5022, which should now be stoploss for longs

Trade Plan for Thursday -
1. Buy above 5135 with stoploss below 5115. Targets can be 5155 and 5180
2. Sell below 5100 with stoploss above 5120. Targets can be 5070 and 5030
3. Continue to hold positional longs with stoploss now at 5022 (15 min. closing). Positional shorts to be opened if nifty future closed below 5000 tomorrow

 

[mando25]

Update -
Trade 1 almost got triggered today, but Nifty future could not close above Buy level of 5135 on 5 min. charts - High made was 5138.75
Trade 2 - Sell below 5100 with SL at 5120 got triggered and completed first target at 5070 and closed at 5051

Trade analysis of Thursday -
1. Nifty futures closed down 70+ points on average volumes
2. Max. volumes traded at 5116, 5051, 5096 and 5065, in that order
3.In options, covering at 4900 PE and 5100 PE - negative. Also, addition at 5100 CE - Negative
4. Maket Profile value areas - 5071, 5097 and 5123
5. Swing low at 5022, stoploss for positional longs and reverse to shorts. Has to close comfortably below this (20-30 points), for positional trade, as it has to be carried over the weekend

Trade plan for Friday -
1. No intraday trade tomorrow. If at all it sustains below 5022 on 5/15 min. charts, then positional longs can be converted to positional shorts. Else, continue to hold longs.
2. Aggressive intraday longs only if nifty future sustains above 5090 level with good volumes, with stoploss at 5065 level

 

[mando25]

Update - Trde 2 played out today, aggressive intraday long trade above 5090. There was a big intraday volume spike around 11:40 AM above 5090 on Friday, which was an indication for the coming upmove.

Trade Analysis of Friday -
1. Nifty futures closed up by 90+ points on average volumes
2. Max voume traded at 5150, 5112 and 5090 levels
3. In options, big addition at 5100 PE - Bullish
4. As per market profile, it was not a bell shaped profile. VAL, POC and VAH are 5072, 5086 and 5122
5. Swing low remains at 5022. This is going to be stop and reverse level for positional longs

Trade plan for Monday -
As tomorrow RBI policy is going to come, no trades till the news settles in. Continue to hold the positional longs with stop and reverse at 5022. Intraday, trend will be negative below 5100. Also, resistance is at 5130 and 5150 nifty future level. It has to trade above both of them for any positive momentum. Otherwise, aggressive short trades after the RBI policy will be taken.

 

[mando25]

Update -
Aggressive short trade triggered today as per plan. However, due to fast move, it was dificult to catch.

Trade Analysis for Monday -
1. Nifty futures closed down 70+ points on higher volumes
2. On Daily charts, Nifty futures has formed a Bearish engulfing candle. Tomorrow, intraday trend will be down below todays close
3. Short term Stop and Reverse level remains a 5022
4. In Options, there was covering in puts of 5100 and 5200 - negative
5. Max. volumes traded at 5180 and 5070-5080 zone
6. VAL, POC and VAH are 5039, 5078 and 5117. Not a bell shaped curve

Trade plan for Tuesday -
1. Sell below today's low of 5031 (15 min. closing), with 20 point stoploss. Targets 5000 and 4980
2. Reverse positional longs to shorts below 5022. Stoploss above 5080 as of now
3. No long trades for tomorrow, although intraday trend can be considered positive above 5080.

 

[mando25]

Trade Analysis for Wednesday -
1. Nifty Futures closed up 15 points on lower volumes
2. Max. volume traded at 5117 level
3. Big addition in Put option of 5000 and 5100 - positive. Also, addition in Calls of 5300. Far away right now, but nifty can reach that level
4. Bell shaped curve on market profile charts. VAL, POC and VAH at 5108, 5117 and 5126
5.Swing low remains at 5022.

Trade plan for Thursday -
1. Continue to hold positional longs, with stoploss and reverse trade at 5022 nifty future
2. Buy above 5130 nifty future with 20 point stoploss. Targets can be 5150 and 5185.
3. If opens above 5150, Buy near 5150 with stoploss below 5125. target 5185 and 5205
4. Sell below 5100 with 20 point SL. Targets 5080 and 5060

 

[mando25]

Update -
Sell below 5100 hit stoploss. Buy above 5130 more than covered it, almost making it to the second target. Positional Longs remain. Stoploss now modifed below todays low at 5090 nifty future.

Trade Analysis for Thursday -
1. Nifty futures closed up buy more than 45 points on good volumes
2. Max. volumes traded at 5104 and 5176 level
3. VAL, POC and VAH as per market profile are 5092, 5104 and 5123
4. In options, covering at 5100 call and addition at 5200 put - both positive
5. Nifty now again entering into previous resistance zone of 5190 to 5205. Above 5200, more rally can come

Trade plan for Friday -
1. If Nifty future declines towards 5135 to 5145 tomorrow, Buy with stoploss below 5120
2. If continues higher, just hold positional longs bought above 4925. Stoploss now revised to 5085 future

 

[mando25]

Trade Analysis for Monday -
1.Nifty future closed down 50 points on higher volumes
2. Max. volumes traded at 5182 and 5105 level
3. In Options, addition at 5200 Call and covering at 4900 Put - Negative
4. In Market profile, VAL, POC and VAH at 5164, 5184 and 5202
5. Recent low at 5085/5090 support area to watch out tomorrow
6. 5020 next big support below 5090. Options data also point to 5000 as support

Trade Plan for Tuesday -
1. Continue to hold Positional longs with stoploss at 5085 (bought at 4925) on closing basis. Closing basis means if nifty opens below. goes below this level in intraday basis, it will be squared off. However, if Nifty recovers, and closes above 5105, then again positional longs will be created with same stoploss
2. Positional shorts below 5020. Stoploss above 5105
3. Intraday, if opens above 5090/5085, and breaks that level, then go short with stoploss above 5110. Targets 5060 and 5030
4. If opens below 5085 and recovers above 5110, then Buy with stoploss below 5085. Targets 5130 and 5150
5. If opens much below 5085, wait for either the intraday trades to play out or positional short level to get broken