9:50 am : Nifty looks crazy.
Lets wait for inflation figures.
Any positions to stand in front of a moving train , they will be thy crushed.
11:10 AM :
Lets Risk it. I am inclined we are heading to form a Inverted Hns Intraday and eventually it will break to upside , trigger coming from inflation figures reflected by 30 min MACD bullish Cross.
5900CE looks attractive.
Currently near 50
Day Low 40
What to do ?
Lets Go For IT.
5900CE SL @ 42
Buy @ 50
Quantity I am going for is decent one, Neither huge positions nor trivial.
11:46 AM :
Booking Half @ 65
Before the event :D
11:51 AM :
Inflation numbers have come.
Dont look them
Trigger has come
HOLD LONGS.
Idiots start becoming economists to scan the data , chartists Don't.
Hold Longs with SL 5820
All trust on Inverted HnS
Long Booking Station : 5920
12 :27 PM
DON'T FORGET my SBI Charts.
Its nearing where we have planned a head cut.
Will give a shot near 2270 if we get it today , a short with small quantity.
SS
any updates on HUL and mcdowel?
ReplyDeleteMcDowell is a Hold.
ReplyDeleteHUL I am out of it , but if you have you can hold to give a 2-4 point SL from here. If Nifty starts to spike up , HUL might start sinnking , weekly already bad for it.
HnS k H and S at what time u have considered?
ReplyDelete30 min MACD cross was shaping up..HnS and icing on the cake we had the "trigger" of inflation figures. 5900CE low was just 40 trading near 50 , All odds had only 1 direction.
ReplyDelete2/5 min macd were above zero.
Oh you are asking about the time ?
ReplyDeleteI considered it before it was made.
When the option price of 5900ce was near 50 ,
With 2/5 min MACD going gaga , I had specualted HnS is in formation..I traded at neat 50
Its a INVERTED HnS.
ReplyDeleteA simple HnS is a bearish Pattern
Turn it upside...like hindi alom vilom it becomes bullish.
Take 2 min chart , turn it upside down , from opening to day low and from day low back to opening , you can figure out everything then........It takes just 1 min to make an id , please make it so that I remember you by something for future conversations
Now the SAME INVERTED HNS is in 5 MIN charts.....
ReplyDeleteWe are super bullish Currently.
No Longs should be booked before 5920 ,
30 min MACD is nearing to go above zero.
All dips , LONGERS should sit stone hearted without modyifying thier sell orders
:) HnS and
ReplyDeleteinverted HnS are ok..bearish bullish are fine..
somehow i am not clear with the formation..sometimes i am not able to
figure 1 of the shoulders..so..i hope i am clear with my doubt :)
slanting HnS go above my head..never able to figure out...
sure will create an ID :)
bank nifty looked positive recover after lose down 290 point, what will do nifty and bank nifty option trading, how willget profit on share market trend today
ReplyDeleteoption trading tips