will it be advisable to buy put or short nifty futures due to following reasons?

#1
Traderji Sir,
Negative divergence is formed on macd(weely) for nifty.
Daily macd is in sell mode.(from 21 feb 2005).
Weekly macd is on verge of to give sell signal.
Will it be advisable to buy put or short nifty futures?
or wait till budget impact on the market.
Post your valuable comments.
Readers comments will be apreciated.
 

Traderji

Super Moderator
#2
sachin divase said:
Traderji Sir,
Negative divergence is formed on macd(weely) for nifty.
Daily macd is in sell mode.(from 21 feb 2005).
Weekly macd is on verge of to give sell signal.
Will it be advisable to buy put or short nifty futures?
or wait till budget impact on the market.
Post your valuable comments.
Readers comments will be apreciated.
Good analysis Sachin,

It would be better to go short (or buy nifty put) before the budget (ie on 28th Feb ) than wait for after the budget is over.
 
#5
Dear Traderji,
Due to increase in nifty(42pts),on daily charts all indicators have turned
upwards.Rsi(14) and it exp mov avg has crossed ,macd(daily) is on the verge
to give buy signal if nifty closes sligtly higher.Yet i have not taken any short
positions.What you suggests in this situation?

Please post your valuable comments.
 

Traderji

Super Moderator
#7
sachin divase said:
Dear Traderji,
Due to increase in nifty(42pts),on daily charts all indicators have turned
upwards.Rsi(14) and it exp mov avg has crossed ,macd(daily) is on the verge
to give buy signal if nifty closes sligtly higher.Yet i have not taken any short
positions.What you suggests in this situation?

Please post your valuable comments.
I would suggest you to wait for close on 01st March 2005 before taking any trading decisions.
 
#9
What is your technical view now on the market now on the market. Can we short nifty in small lots at about 2095-2100 levels with the stoploss of 2111-2115. Traderji please advice.
 

Traderji

Super Moderator
#10
amh said:
What is your technical view now on the market now on the market. Can we short nifty in small lots at about 2095-2100 levels with the stoploss of 2111-2115. Traderji please advice.
You can short the Nifty at these levels with a stoploss at 2121.00
 

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