In my yesterday’s post I had said
Not much to conclude today. The larger picture does not change. I’ll trade when NIFTY breaks out of the 10550-10820 range.
Some intra day short opportunities only below 10640.
Overall, for the last 2-3 days I was inclined towards a bearish view. I was proved wrong by close above 10815.
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My trades
I bought call on opening when trend change level is crossed, I squared it off near end of the day.
My observations for the day
NIFTY closed 1.5% higher. It formed a bullish candle and closed above 10900.
BANK NIFTY closed 1.7% higher.
VIX supported this up side with drop of 4.75%
Advance Decline ratio positive 41 to 8
Option data suggests a range of 10700-11200.
FII and DII data neutral.
Overall, NIFTY daily structure is looking positive. But still overall I think some caution is required. I’ll detail my view out in the weekly view post.
Have a good weekend!
Not much to conclude today. The larger picture does not change. I’ll trade when NIFTY breaks out of the 10550-10820 range.
Some intra day short opportunities only below 10640.
Overall, for the last 2-3 days I was inclined towards a bearish view. I was proved wrong by close above 10815.
===========================================================================================
My trades
I bought call on opening when trend change level is crossed, I squared it off near end of the day.
My observations for the day
NIFTY closed 1.5% higher. It formed a bullish candle and closed above 10900.
BANK NIFTY closed 1.7% higher.
VIX supported this up side with drop of 4.75%
Advance Decline ratio positive 41 to 8
Option data suggests a range of 10700-11200.
FII and DII data neutral.
Overall, NIFTY daily structure is looking positive. But still overall I think some caution is required. I’ll detail my view out in the weekly view post.
Have a good weekend!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.