TARGET :500 Nifty points per month...!

[linkon7]

as of now... things are totally balanced... we tested the LOD and then the HOD...

i am holding NF july short from yesterday at 5340 levels... and 5400 put july short... and 5500 july call short...

intraday i bot 5300 june call and put straddle for 53... my target for the day is 65...

as long at 5324 is respected..bias is downwards...
and tgt intraday remains at 5272

 

[linkon7]

dear linkon
I have shorted July 2010 nifty futur @ 5317
my target is 5290 - 5280

what u think, should i hold or should cover arround 5290

thanks

for Nifty futur Live chart- http://www.niftylivecharts.com/nifty_future_live_chart.html

movement is range bound and looks like we are heading for smooth roll over...

advisable to short 5300 put july as a hedge and carry it for tomorrow... 5340 is the exit level for you for nf... and the loss in nf can be made up in 5300 put short...

 

[sadiq]

Nf will surely make new high today itself.... Wait & watch.....

due to short covering ?

 

[simple_trader]

Since morning market is in bullish setup. I guess we can continue the trend which we have been doing. No harm in trailing your profit in long trades. 5355 NF is one stopage, if it is taken out then we could move closer to 5400 or even more today.

Happy Trading!

 

[PGDIMES]

It's incredible!!! All the markets are going down & BSE & NSE defying the law of gravity!!!:thumb:

 

[simple_trader]

Some profit booking is highly advisable at current level 5336 NF. support at 5328 NF.

 

[rrmhatre72]

as of now... things are totally balanced... we tested the LOD and then the HOD...

i am holding NF july short from yesterday at 5340 levels... and 5400 put july short... and 5500 july call short...

intraday i bot 5300 june call and put straddle for 53... my target for the day is 65...

as long at 5324 is respected..bias is downwards...
and tgt intraday remains at 5272

hi Linkon,

Any change in plan as Nifty going up... beyond 5324?

 

[simple_trader]

Some profit booking is highly advisable at current level 5336 NF. support at 5328 NF.

Better to book all profit with 5328 NF trail SL. other wise hold partially.

5300 call & PUT buyer is a problem for NF up move today/ be reasonable.

 

[linkon7]

hi Linkon,

Any change in plan as Nifty going up... beyond 5324?

i exited the 5300 straddle june at 59... made a minor profit of 6 points...

tomorrow is expiry... so no trade or trend will be visible..

as of now... holding NF short, 5400 july put short and 5500 call july short...
will decide on monday the next line of action...

5224 was the exit point for longs

if 5343 is not breached..then fresh shorts can be innitiated...with 5343 as SL

 

[linkon7]

Dear linkon,

you hold NF short at 5340 but in case tomorrow is gap up opening then......??

my reversal is at 5420...
so not worried about gap up...