SH's MArket Correction Prediction Strategy

[Tradewithhunter]

dear SH,
will this month nifty touch 100 ema ??
as last date was 20 feb 2014...
do u see any sign for correction or weakness in ur chart ??

Yes I do see... small risk can be taken by shorting with recent highs as SL. risk is around 80/90 points but 100 EMA is far down below...

Cheers
SH

 

[timepass]

dear SH,
will this month nifty touch 100 ema ??
as last date was 20 feb 2014...
do u see any sign for correction or weakness in ur chart ??

Yes I do see... small risk can be taken by shorting with recent highs as SL. risk is around 80/90 points but 100 EMA is far down below...

Cheers
SH

Perhaps in the October series. Traditionally, September being a quarter ending, the indices tend to zoom up in the last few days. Also, I think that the RBI policy announcement is due on Sep 30, which can screw up a lot of calculations. Further - Diwali on 23rd October - traditionally there is a tradable dip before Diwali.

 

[parmit]

Perhaps in the October series. Traditionally, September being a quarter ending, the indices tend to zoom up in the last few days. Also, I think that the RBI policy announcement is due on Sep 30, which can screw up a lot of calculations. Further - Diwali on 23rd October - traditionally there is a tradable dip before Diwali.

thanks SH, timepass

i hv already started adding some puts... last time around monday bought some around 8100... now will add more on monday...

:clap::clap::clap::clap:

but do tell me when sell trigger in nifty so tht i can add more..

and what should be my stoploss

 

[timepass]

thanks SH, timepass

i hv already started adding some puts... last time around monday bought some around 8100... now will add more on monday...

:clap::clap::clap::clap:

but do tell me when sell trigger in nifty so tht i can add more..

and what should be my stoploss

Looks like I have been misunderstood. I think that there may not be a serious correction in September. Maybe in October. Even then buying puts may not yield serious results. Maybe you can sell calls of October series. But considering the larger uptrend, I would not advise buying puts to keep, maybe only on intraday basis.

 

[Tradewithhunter]

Yes I do see... small risk can be taken by shorting with recent highs as SL. risk is around 80/90 points but 100 EMA is far down below...

Cheers
SH

Shorts and puts must be in good profits now ....

Cheers
SH

 

[justy]

Yesterday NS made 3EMA left-out candle. So can we expect correction on monday ?

 

[timepass]

Yesterday NS made 3EMA left-out candle. So can we expect correction on monday ?

Not necessarily. Maybe the ema will rise to meet the price, even if it is a flat opening. That's why SH said 3 days for the correction.

 

[RAAMAKANT]

Not necessarily. Maybe the ema will rise to meet the price, even if it is a flat opening. That's why SH said 3 days for the correction.

3 Day or 3rd Day ?.....

 

[timepass]

3 Day or 3rd Day ?.....

You are right. 3rd day it is. It can leave 3ema for 2 days.

 

[timepass]

Banknifty (spot) touched its 100 SMA today. I wonder if the rule stands for SMA as well for EMA in case of 100 days.

100 EMA is at 14983, last touched on 4th March.