Nifty Swing & Intra Trades

[Tuna]

Trade 1

Booked full @ 8667 ==> +22 point # closed Trade 1, waiting for next pullback.

Trade 2

You know what - I am a very humble trader, but just now - Feeling too proud that recognized this pattern from my list (pattern matching) just in time.

Entry 8671 / Exit 8693 = 22 points X Big Big Scalping size = Huge Profit !!
Done for day. Will update scorecard later.

So net 44 points, but trade 2 being a scalping, yielded much more than simply going by points. Updating scorecard. Was a good day in market today on Nifty, let see whats there in for crude in the evening.

Set Counter:
Profitable Trades (> 12 to 250 ) = 7
Losing Trade (> -8) = 3
Scratch ( 8 to - 8) = 2

 

[Tuna]

Good Morning Folks,
on dance floor today. And I will not be surprised if 8520 levels gives away today. It has been good level for contra otherwise. Level on downside 8578 / 8550 / 8520 / 8485. Aggressive players might be shorting at open, defensive players will short pullback. I will take directional trade only and no Contra for me. If you refer to the chart I posted last weekend, this is precisely what was my fear in case of downside. Bulls missed the plot yesterday, and now we shall see the rapid decay of the 8578- 8584 supply zone. It will become a major resistance for bulls later on if they can not reverse today. Chances are bleak but well who can predict market. Stay safe trader and Happy Kicking the Bulls


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[Tuna]

All levels are on spot. This kind of gap down really spoil the show. Shorter will also think, shall we short now. By the way the way Bulls at 8520 are fighting - This is Spartaaa !!!!! LOL . But can they hold it today as well ...... hmmmm let see


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[Tuna]

Trade # 1 Closed.

Rule BOF @ DH

Short @ 8566.7 / Covered 8551 = 15.7 point X Scalping Qty = decent profit in this narrow range.

Might take contra only below 8490, not before that.

 

[Tuna]

Rounded Testing on 8520 detected. Contra Careful, BO on downside can open floodgate.

 

[Tuna]

Looks like Bears will do the 'Cheerharan' of Nifty Rani once 8520 wala Factory is burnt down.


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[Tuna]

But issue is these 8520 are having truckloads of Sarees , aarm I mean , to stop this striptease


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[Tuna]

I just ordered a Microscope today keep a watch on NF ATR henceforth. We can actually draw straight line today to show the market curve. FK this.

 

[Tuna]

I am done for the day. Dont want to catch the 2-30 pm game. Just 1 trade, waiting for rest of whole day. Will shift my focus to crude in sometime after a break.

 

[Tuna]

Yeah, Finally some action !! Spot @ 8520 breached, I am back in the game.