Nifty Swing & Intra Trades

Tuna

Listen and act, don't ask it, it doesn't oblige
#31
TSL saved by a whisker. Phew !!! Anyways, holding ground. Already gave away opportunity for booking 20 pts, no worries.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#32
Booked 25% of postion @ 8666 (+ 21 profits). Holding rest. TSL moved to 8680.

RIP Bulls, You fought well, but if you can not hold 50 DEMA, I dont give a damn about your fake breakouts.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#33
Tsl @ 8670
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#34
Booked 25% more @ 8643 (+44 points) , TSL revised to 8660. If 8584 (spot) is breached I will kick myself for making cheap profits like this.
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#35
Closed rest 50% @ 8660.2 (+27 odd points).

Has been a good day, when Lady Luck is with you and the trade goes as per plan. :thumb:

Thanks a lot for watching the show (if anyone watching :D). We call it a day here.

On positional. Changed my mind not to carry overnight. Looks like something up there for us tomorrow as surpirse.


Set Counter:
Profitable Trades (> 12 to 250 ) = 3
Losing Trade (> -8) = 1
Scratch ( 8 to - 8) = 1
 
Last edited:

Tuna

Listen and act, don't ask it, it doesn't oblige
#36
Can someone tell me the easiest way to share screenshots or image here? I see my attachment quota is over. Seems people do it some other way. Any cloud storage site which is easy to use?
 

Tuna

Listen and act, don't ask it, it doesn't oblige
#38
Was checking the Option Chain on Nifty Oct Series since last 1 week along with the FII/DII cashflows on Nifty Derivatives. I saw (I could be wrong), FIIs were buying tons of Options , Net Short on Future, and All PE Options were OTM (8600) which were showing big spikes in OI, where as Nifty just broke over 8700 level at Spot. You dont do that few days ago of expiry, unless there is something predecided.

That's why I was very tizzy with my Positional Long (2nd one on this thread) and scratched that very next day at the first sign of problem. I am generally very relaxed with my positional ones.


Now This FII/ DII Data today

Derivative Segment:
Index Futures:
-232.18 Crs
Index Options:
764.109 Crs

Somehow this is not adding up. All I can say (not because of expiry), we are up for some fireworks pre-deewali. The Bulls will go to the dogs if it breaches 8584 - 8578 range and market does not show quick rejection.

There has been constant small bucket selling (not to create panic) -what we call Distribution by FIIs. So far there as has been Reverse Buying by DIIs, but the days both takes same line - thats it.



Tomorrow might be that day.

Will be happy to be proved wrong otherwise (considering my other instruments like MF, Ulips etc), but we are small players in the fight of these biggies.

Big money to be made on 8600 PE and CEs (one those, of course).

I am with Bears (No brainer though).
 
Last edited:

Tuna

Listen and act, don't ask it, it doesn't oblige
#39
Good Morning Ledgs,
As expected, this market has gone for the Dogs. Trading plan ( I have 2), will follow one those and naked trading - no indicators. Purely based on levels.

1. Market opens gap down in the 8578-8584 range and bounce back to test BRN 8600. Will chop the head of bulls on first sign of BOF or TST

2. Market open gap down (in 8578-8584 range) and dont show sign of rejection immidiately - will short it right there without waiting for confirmation and SL will be PDC.


Now had to add plan 3 (due to unexpected pre-market)


3. Market opens above or around 8600, follow yesterday's trading plan( shorting on first pullback once sign of fading is visible). Best setup for postional in making, SL will be around 8665 (for positional) - size accordingly.

For plan 1 size Big, Plan 2 size moderate. Plan 3 (based on our positional risk taking capability to carry overnight)

There is another plan on options - but lets dont discuss this. I will not take that in this phase.

Happy Trading and Stay Safe.

P.S- No live commentory today. Sorry for that. Will explain the my trades later in the evening.
 
Last edited:

Tuna

Listen and act, don't ask it, it doesn't oblige
#40
Plan 1 activated. Just to keep a note I am trading. next update at 3-30
 

Similar threads