NIFTY Future Trade Plan Week 14 Feb-2016

NSE_EOD:NIFTY   Nifty 50
182 11 2
Market Bytes 15-Feb-2016

Nifty             Futures:Friday we restated that we see a bottom at 6800-6830 levels against the tide of the trend. This proved so correct as NIFTY             managed to hold on and make a low of 6875 to bounce back from there. Expect 6850-75 to be a bottom for now and this could be used for swing long trades.For intraday trades our immediate suport base can be 6980 levels. Expect near term upside movement upto 7080 and 7130 levels. Lets use 6980 as a trend decider and look for short trades below as well for down side retracements upto 6920-30 levels.
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Comment: Market Bytes 16-Feb-2016

Nifty Futures:On friday we discussed that 6850 is a potential bottom and a bounce is around the corner, and what a sharp bounce did we have. Yesterday was a difficult day trading opportunity from a risk reward perspective as the movement was too sharp early on. The swing longs had 6980 as a support while for intraday positions we used the other two levels of 7030 and 7080 and trade long positions with stops below the previous support.
Coming to today's session one thing with any sharp move is that the possibility to revert also increases. So long positions will continue to remain viable above 7130 levels. Targets will be around 7230-50 range. That range can also be a good place to look for contrarian trades on the short side with a Low risk.
#nifty #nseindia #sensex #trading #intraday #shares
Trade closed manually: Market Bytes 17-Feb-2016

Nifty Futures: Tuesday happened to be quite a bit of turnaround. Typically good trade setups are taking pullbacks from the retracement or support zones in the direction of the primary trend.Yesterday I was looking for bounce backs from the support zones of 7100 levels which gave away.This also ends the brilliant multi week winning streak as both the intra and swing setups failed. Next What- Well Now we keep a watch on the two levels again that is 7030 as an immediate trend decider and resistance emerging at 7080-7100 levels. Swing longs will be re initiated above it. Intraday wise we will be taking look for pull back trades on both side between the 7030 on the downside and 7100 on the upside and a breakout or a breakdown trade above /below it.
#nifty #nseindia #sensex #trading #intraday #shares
Comment: Market Bytes 18-Feb-2016

Nifty Futures: Markets managed to stage a smart pullback in the last session. This also ensured that we have a case for a double bottom around the same levels.
Identifying a trend decider level helps to plan for the trading day. For yesterday we had that at 7030 and we had two decent opportunitites on both sides. On the upside we had discussed market resistance at and 7100. THis was the first target on the upside and post that we went to hit the second crucial swing pivotal level. For the next session with a potential gap up in cards 7180 will be akey level and the trend decider for the session. If Markets manage to hold and trade above it we can go on test 7230 odd levels. 7130 will form the downside support/targets.
#nifty #nseindia #sensex #trading #intraday #shares
Comment: Market Bytes 19-Feb-2016

Nifty Futures: Yesterday we had mentioned that 7230 is a pivotal resistance point for NIFTY and NIFTY rise was paused at a high of 7225. Just short of the pivotal point. We also planned that 7130 is the downside support & supply zones. Markets marked a low around that zone and pulled back. This will pretty much be the upside and downside boundaries of the trading range and expect to trade a pull back within this range. I will be a bit more biased to take a long side pull back and a potential breakout if the levels of 7180 and above are sustained.
#nifty #nseindia #sensex #trading #intraday #shares
Comment: Market Bytes 22-Feb-2016

Nifty Futures: The pivotal levels of 7230 holds to be the key. This will be the key in today's session too.If we manage to test and sustain above it we can go on to test the swing levels of 7430 again. On the downside the swing support levels have shifted to 7150 levels.
Trading strategy will be to look long in retracements to downside with 7150 as stops or to look for a breakout above 7230. If markets manage to test and fail to cross the levels of 7230 and we see a set up in that favour it can provide a shorting opportunity.
#nifty #nseindia #sensex #trading #intraday #shares
Comment: Market Bytes 23-Feb-2016
NIFTY- Nifty futures arguably was more a pull back candidate than a clear breakout candidate in the past session. This is more or less true given that fact that we have rallied in past few sessions and expiry is around the corner. Yesterday Nifty traded in a tight range and hence the ideal play could be just to trade the break of this range or a pull back from either sides. Expect the upside and downside to be restricted until we break out of major zones. Downside support comes at 71650-80 zones while upside hurdle lies at 7300-20 zones. So, either of this zones can be considered for swing entries as well. As for today again, we trade the breakoutside yesterday's range.
#NIFTY #NSE #SENSEX #niftyfuture
I liked the way you update Journal.
thanks , my pleasure. have a good day ahead
Thanks for daily update.
welcome, this is just a sort of trade plan and journal for self too :)
Thanks for strategy.
welcome , have a good day too
Yes, It does help me to plan trade in option. Thanks.
Cool, have a good day ahead
AMBRISH PowerTrades

waiting for 7230 to buy puts.
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