Good morning Friends,
Atlast Nf makes a new high yesterday of 5545 & able to close @ 5540.
Now Rsi in 1 month chart heads towards 91+ so a down move towards sub 5500 level is possible,
near to 5485 level.
There will look further for guidance.
Trades for today
Buy Nf @ 5485 Sl-5470 T-5510,5525,5540
Short NF @ 5535 SL-5550 T-5520,5500,5485
Buy Bn@ 10980Sl-10950 T-11010,11050,11100
Short Bn@ 11075 SL-11110 T-11050,11020,11000
Calculation of profit on Option Heding Strategy.
Sold 5600Pe @ 210-136=75
Sold 5300Ce @ 205-275=-70
Long Nf @ 5500-5528=28
Total MTM-75-70+28=33 points.
Target 200 point sin 10 days.
Trades as per swing trding
System Long SAR 5430
One more upmove towards 5520++ level & than downmove start towards sub 5500 levels
ReplyDeleteUptill now Nf falls 15 points let target for 30 points.
ReplyDeleteI have short Nf @ 5521 targeting 5491
ReplyDeletefor today
Nf again 5424 as I say now if not move upward it will start downmove towards sub 5500 levels
ReplyDeleteKeeping a sl of 5440 for my short trade update later if time permits.
ReplyDeleteNf made a high of 5536.9 & again in the same territory
ReplyDeleteMy morning call of short @ 5535 give a 20 point gain
Holding my position with strict sl of 5540
NS made third attempt towards 5550
ReplyDeleteEvery time it rises it falls
Now look at whether it can break 5510-5505 or not.