Medium Term Trend: ↑ UP (Changes to down below 11050)
Upmove Gaining Momentum : Nifty opened flattish around 10350 but kept on inching up. it touched a high of 11460 and at one stange was trading 120+. It finally closed at 11430 levels up 90 points.
Yesterday there was a sharp downmove from 11400 levels which raised the doubts if market has started another corretction and it encouraged traders to open short positions in the last hour. However we have been continuously mentioning that the overall trajectory of the market remains on the upside and all dips should be utilised for enterting long positions. We also advised syrongly against making short positions in the market.
The falls we are witnessing are sharp but shallow and are not giving the followup selling thats the reason we continue to adopt buy on dips strategy for now. Today Nifty has closed around its crucial resitance of 11440 (slightly below it) and follow up buying above 11440 should take Nifty towards 11550-11600 levels On the other hand on the downside 11300 and 11190 should offer plenty of support and unless Nifty breaks these levels there is no reasons for Bulls to worry,
Below are some of the Trades we executed and messages we shared with our subscribers.
13/09/2019, 15:15 - *Nifty 11075 buy 2 parts*
16/09/2019, 09:29 - Good morning, nifty trading weak on account of jump in crude oil prices.
16/09/2019, 09:30 - Nifty 11015. Keep holding all 4 parts long for now.
16/09/2019, 13:34 - Nifty 10995. Keep holding all long positions
17/09/2019, 09:35 - Good morning, nifty trading flattish. Keep holding longs for now.
17/09/2019, 11:06 - Nifty 10932. Nothing to be done for now, keep carrying all longs
17/09/2019, 13:18 - Nifty 10885,exhibiting weakness for now. Nothing to be done still
20/09/2019, 15:03 - Nifty 11280. Carry all longs for nifty
20/09/2019, 15:03 - Less risky traders can do some part profit booking.
23/09/2019, 09:15 - *nifty 11580 book profit 2 parts*
23/09/2019, 09:41 - Nifty 11500. Keep holding 2 parts long.
25/09/2019, 09:39 - Keep holding 2 parts long for now
25/09/2019, 09:49 - *nifty 11300 oct put sell @cmp 112*
25/09/2019, 09:50 - Hold 2 parts long and nifty 11300 put (sell side)
25/09/2019, 10:03 - Buying option may not fetch good profits because of time decay so resist that temptation and sell options instead.
25/09/2019, 15:11 - Nifty 11460 carry all long positions for tomorrow
26/09/2019, 09:17 - Good morning, nifty trading at 11490
26/09/2019, 09:17 - Keep holding 2 parts long and 2 parts nifty 11300 pe (short)
26/09/2019, 10:49 - *nifty 11300 pe book Profit at Cmp 99*
26/09/2019, 14:47 - Nifty 11585. Nothing to be done for now. Carry long positions (2 parts) for tomorrow /Oct series.
26/09/2019, 15:34 - <Media omitted>
27/09/2019, 10:59 - Nifty 11525. One more drop Towards 11450-11400 area is possible. Keep holding 2 parts long
27/09/2019, 15:10 - Nifty 11520. Consolidation continues.. Nothing to be done for now.. Carry both parts long for tomorrow. Will add fresh longs later.
27/09/2019, 15:11 - *carry longs for next week.
30/09/2019, 09:33 - Good morning, as expected nifty has slipped to 11450 levels again. Keep holding 2 parts long for now. Wait for msg to add more long.
30/09/2019, 10:26 - Nifty 11425. Keep holding 2 parts. Nothing to be done for now.
30/09/2019, 15:23 - Nifty 11482. Carry both parts long for tomorrow. Will add more longs above --- levels
01/10/2019, 09:24 - Some more Consolidation/minor dip possible from Current levels
01/10/2019, 10:10 - Nifty 11420. Sharp drop but on expected lines. Nothing to be done now
01/10/2019, 13:54 - *sell nifty 11200 pe @cmp 124*
01/10/2019, 13:54 - Hold all long positions.
01/10/2019, 14:31 - Nifty 11300.keep holding all longs... Dont panic
01/10/2019, 15:03 - Nifty 11380. Carry all Longs for tomorrow.
03/10/2019, 09:19 - Good Morning, nifty trading down @11270 nothing to be done for now.
03/10/2019, 15:26 - Nifty 11316. Carry all Longs for Tomorrow
04/10/2019, 09:17 - Good morning, nifty up 65 points at 11380.
04/10/2019, 09:18 - Keep holding all longs, and wait for msg to add more longs
04/10/2019, 15:29 - 11170. Carry all Longs for next week
07/10/2019, 09:37 - Good morning, nifty trading flat. Keep holding longs
07/10/2019, 10:14 - Nifty 11231. Hold all longs for now.
07/10/2019, 15:16 - Nifty 11125. Carry all longs for next trading session.
09/10/2019, 14:16 - *sell nifty 11200 PE @ 150*09/10/2019, 15:02 - Nifty 11320. Carry all long positions for tomorrow (less risky traders can book some partial profits)
10/10/2019, 10:07 - Good morning, Nifty 11275 continue holding all longs.
10/10/2019, 15:27 - Nifty 11245. Continue with all long positions
11/10/2019, 12:56 - Nifty 11255. Turning volatile. Nothing to be done for now.
14/10/2019, 15:22 - Nifty 11337. Carry longs for tomorrow.
15/10/2019, 09:34 - Good morning, nifty trading up at 11365 levels. Continue holding all long positions
15/10/2019, 12:08 - *nifty 11200 put sold @ avg @138 book profit now at cmp 79* entire qty
16/09/2019, 09:29 - Good morning, nifty trading weak on account of jump in crude oil prices.
16/09/2019, 09:30 - Nifty 11015. Keep holding all 4 parts long for now.
16/09/2019, 13:34 - Nifty 10995. Keep holding all long positions
17/09/2019, 09:35 - Good morning, nifty trading flattish. Keep holding longs for now.
17/09/2019, 11:06 - Nifty 10932. Nothing to be done for now, keep carrying all longs
17/09/2019, 13:18 - Nifty 10885,exhibiting weakness for now. Nothing to be done still
20/09/2019, 15:03 - Nifty 11280. Carry all longs for nifty
20/09/2019, 15:03 - Less risky traders can do some part profit booking.
23/09/2019, 09:15 - *nifty 11580 book profit 2 parts*
23/09/2019, 09:41 - Nifty 11500. Keep holding 2 parts long.
25/09/2019, 09:39 - Keep holding 2 parts long for now
25/09/2019, 09:49 - *nifty 11300 oct put sell @cmp 112*
25/09/2019, 09:50 - Hold 2 parts long and nifty 11300 put (sell side)
25/09/2019, 10:03 - Buying option may not fetch good profits because of time decay so resist that temptation and sell options instead.
25/09/2019, 15:11 - Nifty 11460 carry all long positions for tomorrow
26/09/2019, 09:17 - Good morning, nifty trading at 11490
26/09/2019, 09:17 - Keep holding 2 parts long and 2 parts nifty 11300 pe (short)
26/09/2019, 10:49 - *nifty 11300 pe book Profit at Cmp 99*
26/09/2019, 14:47 - Nifty 11585. Nothing to be done for now. Carry long positions (2 parts) for tomorrow /Oct series.
26/09/2019, 15:34 - <Media omitted>
27/09/2019, 10:59 - Nifty 11525. One more drop Towards 11450-11400 area is possible. Keep holding 2 parts long
27/09/2019, 15:10 - Nifty 11520. Consolidation continues.. Nothing to be done for now.. Carry both parts long for tomorrow. Will add fresh longs later.
27/09/2019, 15:11 - *carry longs for next week.
30/09/2019, 09:33 - Good morning, as expected nifty has slipped to 11450 levels again. Keep holding 2 parts long for now. Wait for msg to add more long.
30/09/2019, 10:26 - Nifty 11425. Keep holding 2 parts. Nothing to be done for now.
30/09/2019, 15:23 - Nifty 11482. Carry both parts long for tomorrow. Will add more longs above --- levels
01/10/2019, 09:24 - Some more Consolidation/minor dip possible from Current levels
01/10/2019, 10:10 - Nifty 11420. Sharp drop but on expected lines. Nothing to be done now
01/10/2019, 13:54 - *sell nifty 11200 pe @cmp 124*
01/10/2019, 13:54 - Hold all long positions.
01/10/2019, 14:31 - Nifty 11300.keep holding all longs... Dont panic
01/10/2019, 15:03 - Nifty 11380. Carry all Longs for tomorrow.
03/10/2019, 09:19 - Good Morning, nifty trading down @11270 nothing to be done for now.
03/10/2019, 15:26 - Nifty 11316. Carry all Longs for Tomorrow
04/10/2019, 09:17 - Good morning, nifty up 65 points at 11380.
04/10/2019, 09:18 - Keep holding all longs, and wait for msg to add more longs
04/10/2019, 15:29 - 11170. Carry all Longs for next week
07/10/2019, 09:37 - Good morning, nifty trading flat. Keep holding longs
07/10/2019, 10:14 - Nifty 11231. Hold all longs for now.
07/10/2019, 15:16 - Nifty 11125. Carry all longs for next trading session.
09/10/2019, 14:16 - *sell nifty 11200 PE @ 150*09/10/2019, 15:02 - Nifty 11320. Carry all long positions for tomorrow (less risky traders can book some partial profits)
10/10/2019, 10:07 - Good morning, Nifty 11275 continue holding all longs.
10/10/2019, 15:27 - Nifty 11245. Continue with all long positions
11/10/2019, 12:56 - Nifty 11255. Turning volatile. Nothing to be done for now.
14/10/2019, 15:22 - Nifty 11337. Carry longs for tomorrow.
15/10/2019, 09:34 - Good morning, nifty trading up at 11365 levels. Continue holding all long positions
15/10/2019, 12:08 - *nifty 11200 put sold @ avg @138 book profit now at cmp 79* entire qty
15/10/2019, 13:56 - *nifty book profit in 2 parts @ cmp 11430* (bought at 11075 previously)
As you can see we continue to update our subscribers throuh whatsapp messages( with exact entry/exit levels) To join us for live whatsapp updates pls follow below link:
https://niftywaveindia.blogspot.com/2019/02/join-us-on-whatsapp-how-to-subscribe.html
https://niftywaveindia.blogspot.com/2019/02/join-us-on-whatsapp-how-to-subscribe.html
Happy Trading
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