I think we need 3-day weekends, Damn ! it feels so good n fresh & energetic after 3 Days :)
In Nifty we are looking for extended scalping's only - A Gap up open with retest of 9630's zone and move down till 9570's. See this is route map of prediction how Nifty can move for the day & if the expected thing happens based on trade setup we need to take trade, we don't take trade based on our predictions. Trade setup matters most when its aligning with predictions, its well n good for us.
Just a word about 9530's support, Nifty may give a move there just showing it as if its creating breakout to downside but only if 9520-30's broken, I will look for another 50-70 points to downside till 9450's. Regarding most views biased on Short side, well, I respect other trade ideas - It's just that I follow My Plan & it says extended scalping, no trend as of now, but it's around the corner to emerge. It's not about whether we got it right or wrong, its about we followed our rules & plan.
Happy Trading !
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Nifty, In opening candle itself went near our zone & going down. So Gap up & Down for the day it seems as mentioned earlier.
sandy May 19
GUYS MAJOR CORRECTION SEEMS COMING EITHER FROM JUNE SERIES END OR JULY SERIES BEGINNING AS PER ICHIMOKU TIME SPAN CYCLE.
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sandy May 19
FROM JULY CORRECTION PHASE SEEMS TO CONTINUE IN TERMS OF PRICE CORRECTION ALONG WITH TIME CORRECTION FOR NEXT THREE AND HALF TO FOUR MONTH.
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sandy May 19
TILL JUNE END NO NEED TO BE WORRIED ABOUT MKT FALL.KEEP BUY ON DIPS STRATEGY .TAKE NAKED LONG OR FOLLOW FII''S STYLE LIKE THE CREATE SYNTHETIC LONG FUTURE(SELL OTM PUT AND BUY ATM CALL) TO GET THE GAIN FROM LOW VOLATILITY.SELLING PUTS BY FII''S IS ALWAYS INDICATION OF NEAR TERM LOW VOLATILITY WITH UPWARD DIRECTION.OUR POOR RETAILERS DO NOT KNOW ABOUT CREATING LONG SYNTHETIC.THEY INTEND TO CREATE SHORT STRANGLE OR NAKED CALL PUT BUYING.I JUST LOVE THIS DERIVATIVE GAME.
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InsiderB TOP sandy May 19
@sandy, Dear Sandy, for your kind info, All keeps means Shouting, is that your intention ?
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InsiderB TOP InsiderB May 19
@InsiderB, Lol, * All Caps means
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sandy InsiderB May 20
@InsiderB, no by mistake
only sharing views
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InsiderB TOP sandy May 20
@sandy, Cool, thats very detailed explanation on how to plan our option positions...
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sandy InsiderB May 27
@InsiderB, as i shared my views that mkt is in the mood to fall .keep ur eye on june seies and and first week of july.market should do something unexpected.
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sandy InsiderB May 27
@InsiderB, kindly try to get view from fii data also
InsiderB
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@sandy, cool good n nice prediction, Good for you ! :)
if this level break then 9400.