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Nifty Positional Trade

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  #1  
Old 4th May 2008, 09:32 PM
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Srinivas Ravi is on a distinguished road
Default Nifty Positional Trade

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.
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  #2  
Old 4th May 2008, 09:55 PM
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mpksk.india is on a distinguished road
Default Re: Nifty Positional Trade

Dear sir

would like to explain more about the wave count theory
Mpksk
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  #3  
Old 4th May 2008, 10:27 PM
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Default Re: Nifty Positional Trade

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.
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  #4  
Old 4th May 2008, 10:58 PM
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rkkarnani will become famous soon enough
Default Re: Nifty Positional Trade

Quote:
Originally Posted by Srinivas Ravi View Post
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.
What price range of Nifty Future or NF level above which your view would be null n void !!!!!
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  #5  
Old 7th May 2008, 05:35 AM
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Default Re: Nifty Positional Trade

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.
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  #6  
Old 7th May 2008, 05:54 AM
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Default Re: Nifty Positional Trade

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

Quote:
Originally Posted by Srinivas Ravi View Post
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.
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