Nifty Positional Trade

S

Srinivas Ravi

New Member
#1
#1
Systematic Investment Plan for 1 week Short NIFTY Heavily in the range of 5250-5350 for the Month of May for an Expiry Target of 4,700 Minimum, You can minimize the risk also buy BUYING 5200 NIFTY PUTS.

I say this due to NIFTY entering into an extremely tough resistance zone and as per wave count theory we will see 4550-4600 zone very soon might be in May itself watch out.
 
A

ARMHM

Active Member
#3
#3
I think nifty is making higher lows everyday since April 10 except 15th and 24th April. Tough resistance was at 5050. I will short Nifty only if it goes below 5000.
 
R

rkkarnani

Well-Known Member
#4
#4
Srinivas Ravi said:
Systematic Investment Plan for 1 week Short NIFTY Heavily in the range of 5250-5350 for the Month of May for an Expiry Target of 4,700 Minimum, You can minimize the risk also buy BUYING 5200 NIFTY PUTS.

I say this due to NIFTY entering into an extremely tough resistance zone and as per wave count theory we will see 4550-4600 zone very soon might be in May itself watch out.
Click to expand...
What price range of Nifty Future or NF level above which your view would be null n void !!!!!
 
U

uncle sam

Member
#5
#5
hi,
as per my study nifty is entering in over bought zone only in daily chart not in weekly chart,well i am looking nifty to touch 5400+ mark by this month end, i would be shorting nifty only when it give closing below 5050 mark.
 
SavantGarde

SavantGarde

Well-Known Member
#6
#6
There Is A Gap In The Month Of April Around 4970...Might Just Come To Close The Gap....

While It Is Evident That There Is Profit Booking In A Few Sectors, But Then Index Is Being Propped Up By Buying In Others.

In My Opinion Such Sentiment Can't Be Ignored & 4550-4600 May As Well Not Come As Soon As Your Prediction

Happy & Safe Trading

SavantGarde

Srinivas Ravi said:
Systematic Investment Plan for 1 week Short NIFTY Heavily in the range of 5250-5350 for the Month of May for an Expiry Target of 4,700 Minimum, You can minimize the risk also buy BUYING 5200 NIFTY PUTS.

I say this due to NIFTY entering into an extremely tough resistance zone and as per wave count theory we will see 4550-4600 zone very soon might be in May itself watch out.
Click to expand...
 
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