My Nifty/Mini-Nifty Positional trade logs

Please check the red circle in 2111,811 stochs region and the corresponding nifty price chart.
You can see that most of the time nifty didn't move anywhere at the end of this GAP close. Nifty value at the beginning of this gap creation(2111&811 creating wide gap) and end of this gap is almost same. so no continuous trend.

Examples encircled here are the cases where 811 retraces back to 2111. But you can also see other situations where 2111 is pulled near 811.In that case nifty moves in 2111 direction...

Not right to say that Nifty didn't move anywhere. The correct thing would be that Nifty reverted to the home position after moving away, having covered a spectrum of about 200 odd points. This can be very significant for options during these last few days of expiry. Anyway, we have reached a period of the series where some options are getting doubled or halved everyday.

So, maybe choppy days ahead.

parents and child went down. Note that the parents are still in OB zone(almost) and gap between parents-child is widening now. Generally this pattern indicates that there should be reversal move where the child tries to go near/cross the parents(market moving up).

2111/811 went up slightly. you can see the gap is still maintained and we can wait till that gap is closed to get out of this no-trend market.

No open position.

(Personally Holding short@5690... cmp:5702)

Yes...all Stochastics went down....

2111 and 811 gap reduced due to 2111 getting pulled down today but still there is some room for down move. Another down day tomorrow should fill this gap and we will see which direction to take trade after that. But most of the stochs patterns suggesting UP move after touching some low from here.

No open position.

support in downside: 5600-5620

(Personally Holding short@5690... cmp:5651)

Parents and child came down. Parents completely out of OB zone and child is already in OS zone today.

2111/811 went UP slightly so not the bullish up move indication.
From the stochs pattern, looks like 2111 is going to get pulled down to meet 811 below.
So the trend is clearly negative for very short-term(say 2-3 days)

But looking at the distance between child and parent, it is quite obvious (as per the system) that the child is going to move up and try meeting parents. This means that there is a U turn around the corner. Let see...

Since 2111/8111 gap is not closed yet, no open position yet.

(Personally Holding short@5690... cmp:5669)

Parents came down and child went up coming out of OS zone. Can this be the beginning of nifty UP trend in attempt to make child to meet parents? We have to wait and confirm this tomorrow.

2111/811 went UP strongly today and meet each other. This is bullish signal indication. But 2111 and 811 move also needs to be confirmed one more day as they generally reverse immediately after meet. Also NF didn't close above the narrow range it is trading for past 8 days between 5637 to 5757. So breakout of this level will confirm the direction.

No open position yet.

(Personally Holding short@5690... cmp:5736)

Parents came down and child went up. Eventhough child went up the market didn't close higher than yesterday. No sign of bullishness.

Regarding 2111/811, Waiting for another day seems paid off. As we discussed yesterday 2111/811 made reverse move immediately after they meet as both went down strongly today.

Still no break of 5637 to 5757 level. No open position yet.

(Personally Holding short@5690... cmp:5688. This position is based on another stochs based indication which still says market should go down. Lets see...)

Summa summa,

Thanks for your daily explanation, Can u brief here your another stoch values... without disturbing your ongoing current setup.. i will monitor it personally..Thanks :clapping: :thumb:

Hi Ganesh,

The another stoch values im trying out are:
21,4,1
18,4,1
15,4,1
12,4,1
7,4,1

I found some interesting pattern in this combination. So just giving a try with current position. But the patterns are always not expected to happen, so be cautious. You can see this combination visually and share ur views if you find something interesting.

Thanks,
...summasumma

Now the family is getting bigger, with more members joining.Hope it wont lead to chos.