RAJ NIFTY Trading - Entry Exit based on Daily, Higer and Lower timeframe

[healthraj]

Market is Very Volatile. Taken the Put positions on Friday and so will watch the market for further positions.

No new positions today

 

[Purushotham]

hi raj:

these moves are one-off ,mad moves . these cannot be captured by any system, I guess.

No, Suri's trading dairy he captured the move.

http://www.traderji.com/members-discussion-forums/92383-suris-trading-diary-2.html#post942843

 

[amitrandive]

What a Rally ? First time seeing it with my own eyes. As usual missed it and sitting on the other side.

I feel hopeless on missing this Rally.

hi raj:

these moves are one-off ,mad moves . these cannot be captured by any system, I guess.

i feel like nobody has benefited from this move except FII.

With Markets Trading in ranges for almost 90% of the times, all of us have forgotten what a rally actually is.

In fact this was caught by all systems and any simple system.The only problem is we are not sure whether this was a rally , simply because we have taken enough hits trying to catch these types of rallies.

Thanks to Algo trading

 

[healthraj]

NIFTY Range as per HTF

6460- 6555 with Pivot @ 6508

NIFTY Range as per LTF

6518- 6559 with Pivot @ 6538

 

[healthraj]

NIFTY Range as per HTF

6460- 6555 with Pivot @ 6508

NIFTY Range as per LTF

6518- 6559 with Pivot @ 6538

6518 seems to have been broken in LTF. So we can expect some resistance at 6508, the HTF Pivot. If 6508 gets broken then it will goto 6460. Otherwise we should see 6555

 

[healthraj]

NIFTY Range as per HTF

6460- 6555 with Pivot @ 6508

NIFTY Range as per LTF

6518- 6559 with Pivot @ 6538

6518 seems to have been broken in LTF. So we can expect some resistance at 6508, the HTF Pivot. If 6508 gets broken then it will goto 6460. Otherwise we should see 6555

So 6508 acted as Support and NOW Trading to Test 6550/60

 

[healthraj]

NIFTY Range as per HTF

6460- 6555 with Pivot @ 6508

NIFTY Range as per LTF

6518- 6559 with Pivot @ 6538

6518 seems to have been broken in LTF. So we can expect some resistance at 6508, the HTF Pivot. If 6508 gets broken then it will goto 6460. Otherwise we should see 6555

So 6508 acted as Support and NOW Trading to Test 6550/60

SELL Generated in LTF @ 6551

NOW We have SELL signal in LTF, HTF and Daily @ 6550. Let us see if it holds. Because the SELL Signal was not holding for the past many sessions

The next support in LTF will come at 6505. So watch 6505

 

[healthraj]

NIFTY Range as per HTF
6522-6620 Pivot @ 6570

NIFTY Range as per LTF
6537-6566 Pivot @ 6552.

 

[healthraj]

NIFTY Range as per HTF
6522-6620 Pivot @ 6570

NIFTY Range as per LTF
6537-6566 Pivot @ 6552.

After a Long time NIFTY in LTF is FLAT with the Range now at 6515-6565 with Pivot @ 6540.

HTF is still in an UP Trend.

In LTF Buy Generated @ 6510.6 with SL @ 6491.6 Targets 6539.3 and 6564.6

 

[krishna324]

@raj,

have you closed down all shorts, which you mentioned two days back..?