Trade Log NIFTY June 10In my trade log yesterday, I had said
1. NIFTY is in consolidation. It is likely to see some downside tomorrow as well.
2. This is not a simple dip, This is likely to form range.
3. 10300 is firm resistance, any upside is possible only above that.
4. NIFTY is now searching for lower end of the range - first candidate for that is last swing low 9950.
This is view is not yet changed. I am going to assume range of 9950-10300, till it is broken on either side.
My trades today.
I did not take any trades, as none of the levels in my plan were hit, also NIFTY did not move in the direction I assumed.
Observations for the day
1. NIFTY formed the inside candle. It closed with 0.69% positive.
2. BANK NIFTY did better with 1.81% gain.
3. VIX fell 2.5%.
4. Advance Decline slightly in favour of advance in broader market and NIFTY.
Some Ideas for tomorrows session
1. Today was a typical consolidation day. Nothing much to read about for me.
2. IF NIFTY goes below 10020 tomorrow, it has not still found lower boundary of the range.
3. If NIFTY moves fast towards 10280, there could be failure of that bounce in 10300 area.
4. I assume 9900 to 10300 range for tomorrows expiry.
Nifty-intraday
Trade Log NIFTY June 9In my trade log for Yesterday, I had said
1. NIFTY has started consolidation. I am going to assume consolidation at least tomorrow morning session till noon.
2. In this consolidation, there are two possibilities - 1. Simple dip 2. Formation of range couple of days. To understand and confirm one of these we need conclusive break of last breakout level 10160-10180, preferably on hourly chart. If this happens NIFTY can also head to last swing low of 9950 in the process.
3. I am inclined to believe, there will be range formation.
4. NIFTY traders are uncertain about 10300 Level. There will be couple of attempts around that level.
5. Broader market performing well, can be taken as positive or negative. If bad quality stocks performing today, then it could be some retail inflows, which may signify not much upside left in the current swing. But these kind of indicators are at the best very weak indicators.
From these points, I feel confident
1. NIFTY is in consolidation. It is likely to see some downside tomorrow as well.
2. This is not a simple dip, This is likely to form range.
3. 10300 is firm resistance, any upside is possible only above that.
4. NIFTY is now searching for lower end of the range - first candidate for that is last swing low 9950.
My trades today:
1. Morning session, I reluctantly took long, but covered it quickly on first sign of weakness.
2. Then I sold 10100 call, which turned out to clean trending trade. I closed the same around end of the day.
Observations for the day
1. The cut on NIFTY little more deeper for consolidation. NIFTY closed 1.19% down.
2. BANK NIFTY closed -2.18% down.
3. INDIA VIX closed 1.8% up.
4. Advance Decline on negative side. 13 advances to 27 Declines. Broader market little better with 757 to 1135.
5. RELIANCE market leader for the current swing showed loss of momentum.
6. Option Data showing resistance shifting at lower levels 10100.
My readings for tomorrow
1. Not much changed in my view. I need to wait and see how NIFTY reacts to 9950 level. Overall I still treat this as consolidation.
2. One thing for sure, that the breakout of 10170 is now negated and 10333 is strong resistance zone.
3. Idea would be to keep shorts till NIFTY closes above 9280.
4. As long as 9800 level is protected, I'll continue to believe this is just a consolidation.
Trade Log NIFTY June 3In my trade log for June 2,
I had said
1. Tomorrow will be the 6th day of higher highs. NIFTY closed near high of the day and just below strong psychological level 10000.
2. If there are positive global clues, NIFTY can create massive gap and short covering. There is not much overhead resistance till 10383 - 10400.
3. The other thing that I sense is mostly it can do similar thing some consolidation below 10000 and eventually breaking it.
4. Considering BANKNIFTY chart, I am more towards quick break and then continuation of rally on Thursday.
No points in invalidated and I still hold my view. NIFTY is racing towards 10380-10400 Levels. But today, It did not go that far.
My trades today
1. I sold 10100 CALL and squared it for loss. This was going to be difficult trade, but considering overbought context i took it.
2. But the 10200 CALL worked and actually helped to close my day flat.
My observations for today
1. NIFTY closed 0.83% higher and formed small indecision candle with gap up.
2. BANKNIFTY closed 2% higher, but candle was showing the tiredness of this rally.
3. VIX fell -0.24%. So mostly VIX is also needs some breather from action.
4. NSE Advance Decline ratio is 34 to 16.
My view for tomorrow
1. Tomorrow is weekly expiry. Overall there are some tiredness signs visible for the rally, but I still wont short it tomorrow.
2. Tomorrow will be 7th day. I think there is one more push remaining for NIFTY in current swing before consolidation.
3. I'll mostly wait on sideline, and not take much bets in first half of the day.
Trade Log NIFTY June 02In my June 1 update,
I had said
1. As NIFTY approached 9900, VIX rose and there was strong resistance in the zone. I believe this zone will be tested a couple of times in intra day movement before breaking above.
2. There is not much space for long trade until we clear the resistance zone and close above 9930.
3. I think NIFTY will form a consolidation range under 9930 and try breaking out. I need to watch how low it can go to form the lower boundary of the range.
4. 9700 should be a good candidate level lower boundary.
In short, my reading was OK. I anticipated the consolidation to last atleast for couple of days. But NIFTY broke out of 9930, and range is not formed, It took support in 9800 area.
My trades today
1. I squared my 9900 CALL for loss start of the day. This was a big loss.
2. When 2nd touch of resistance was touched, I sold 9900 CALL and covered that quickly for profit one first sign of strength.
3. Then on breakout I sold 9900 PUT and covered it for profit end of the day.
My observations for the day
1. This rally has its 5th positive day. Today NIFTY closed with 1.5% gain.
2. BANK NIFTY outperformed and closed 2.86%. BANK NIFTY closed right at the key level of 20530.
3. INDIA VIX closed 30.12, 2% down
4. Advance Decline ration was ok 36:14, Not as strong as it could be. But BANKNIFTY can drag it along.
My view for tomorrow
1. Tomorrow will be the 6th day of higher highs. NIFTY closed near high of the day and just below strong psychological level 10000.
2. If there are positive global clues, NIFTY can create massive gap and short covering. There is not much overhead resistance till 10383 - 10400.
3. The other thing that I sense is mostly it can do similar thing some consolidation below 10000 and eventually breaking it.
4. Considering BANKNIFTY chart, I am more towards quick break and then continuation of rally on Thursday.
Trade Log NIFTY May 29First, I'll start with the review of my yesterdays post. Yesterday, I had posted my view and some important levels that I use on the chart.
I had said
1) Trend is up on daily time frame. Weekly trend is up, provided we dont have huge down on Friday. I think NIFTY will gain / consolidate tomorrow.
2) Tomorrow strategy will be to see the consolidation rage. But I wont carry any near the money positions into next week.
And I had marked levels on the chart, which I used in my trading decisions today.Both points were quite obvious. Good thing, market played out to the levels wells. This is no guarantee, sometimes market coincides with your point of view by chance.
My trades today
1) I sold 9500 CALLs around first resistance and closed it at weak support level of the day.
2) Then when high of the day was tested multiple times, it was broken and I sold 9500 PUT which I squared off.
3) Since INDIA VIX is around 30, I attempted to take few overnight positions. I sold some 9900 CALL options. Lets see how it goes. Its risky.
My observations of the day
1) NIFTY closed positive for the third day in a row. 0.95% for today and around 6.4% in 3 days.
2) NIFTY is now in kind of uncharted territory. Less price action in 9500 - 9900 has very less price history in last 2 months.
3) BANK NIFTY unperformed and did not make new high like nifty.
4) INDIA VIX increased little.
5) Advance Decline ratio 36 to 14.
I dont have conclusions, as I have I would like to wait till Monday to have clear view. I'll also post detailed weekly review coming weekend. But from days action
1) BANK NIFTY is not leading the rise. So it may cause NIFTY;s momentum some consolidation and ranges.
2) Overall trend is up and typical bear market rallies are fast.
3) So far this rally has not give any gaps, so next week some surprise gaps can start occurring.
Trade Log NIFTY May 28First, I'll start with reviewing my yesterdays post
I had said
1. I''ll trade light tomorrow and see how we consolidate, what kind of range we form.
2. I'll wait till Friday, or may be Monday, to really changing strategy clearly on long side. But obviously now Bias is on long side as long as we are above 9000.
As per plan, I traded light and also stopped trading around 1.30PM
My trades today:
1) This trade was pretty simple. I sold 9400 PUT on open and waited for first sign of weakness.
2) Then when there was failure to continue, I sold 9400 CALL and then squared near bottom of the range.
My Observations today:
1) Expiry day today. NIFTY gained 1.88%
2) BANKNIFTY gained 2.45%
3) INDIA VIX fell 4%
4) Advance Decline is 42 to 8. Broader market 1245 to 531. So it was broad based buying.
5) For next week, Option data shows bullish bets, Highest OI at 9000 and 9500.
My reading of the price action.
1) Trend is up on daily time frame. Weekly trend is up, provided we dont have huge down on Friday. I think NIFTY will gain / consolidate tomorrow.
2) Tomorrow strategy will be to see the consolidation rage. But I wont carry any near the money positions into next week.
I have also marked important levels tomorrow.
Trade Log NIFTY May 26My trades today
1. When initial gap up failed to cross 9160, I sold 9200 CALL, which I covered later in the day.
2. Since today's price action was very weak, I bought 9100 PUT for 4th June Expiry. Stop Loss for this is 9160.
What I observe for today is
1) Starting the day, there was lot of positive global clues. Asian Markets and DOW higher 1%+. But NIFTY failed to keep the gains and closed in red.
2) BANK NIFTY was better than NIFTY , but weak.
3) Advance Decline ratio positive 31:19
4) VIX fell by 2.8%
5) 9000 is the key level from Option Chain.
Overall my conclusion is
1) I had said , "Tuesdays price action should be taken as indicative of trend forward". I believe in that and till expiry, there could be down trend continuation.
2) I am not sure if 9000 will hold. 8970 - 8940 is key support region, if this fails, the bias is on short side.
Again 9150 - 8950 is the range we are looking at. I am not going to sell options around this range, as this is expiry week and there can be surprises. But trade will come when breakout of the range happens.
Trade Log NIFTY May 22My trades today.
I stayed away from the market for morning session becuase of RBI event. Later when NIFTY broke below 9000, I sold 9100 CALL which I squared off for loss.
In my last post I had said
1. I am reluctant to jump on either sides for long term future. For tomorrow, I maintain my bullish bias in NIFTY .
2. I'll change my view when NIFTY drops below 9030-9000 zone.
3. I think tomorrows day may decide the trend for next week.
For point 1, Now I am not sure about bullish bias as NIFTY closed below 9050, but did not fell with momentum.
For point 2, Yet to change my side.
For point 3, I was wrong anticipating today as decider day.
From the price action today
1. NIFTY lost -0.74%, BANKNIFTY closed deep in red -2.57%.
2. VIX fell by another -1.84%
3. NIFTY and BANK NIFTY both candles are weak.
4. Advance Decline ratio is 24 to 26. Neutral.
I plan to do a detailed post over the weekend about the weekly view, But what I can say, I am very reluctant to go short in this market. I dont know if we can get a decent bounce with momentum, but overall downside looks very slow and weak.
Trade Log NIFTY May 20My trades Today
1. I sold 8900 PUT today as market opened with positive bias. When It faced rejection at 9000, I squared off the position. I was profited because IV dropped.
2. Then there was a consolidation in tight range. Since there was no follow through on short side after rejection, I was confident of selling credit spread. I'll let it expire/ close tomorrow.
3. Then on breakout of the range, I bought CALL and squared it off near EOD.
In my Trade log post for May 19, I had said
1. Global news not helping, NIFTY is showing strength, but BANK NIFTY bearish . On BANK NIFTY chart, 17150 - 16700 is a support zone . This will be second touch of the zone, hence it can build support here. That means 8800 can be touched again, or even breached.
2. I don't expect NIFTY to go below 8600.
3. Also, I don't think 8800 is a bottom, on next touch, it may not hold, at least breached once.
In this, point 2 is certainly confirmed. For point 3 I think there are chances that 8800 may be bottom for near term and pullback rally starts from here.
Observations about price action today
1.NIFTY gained in the first few hours. It maintained the gains and consolidated in tight range. And then gained even more in second session. Closed 2.11% up.
2.BANK NIFTY supported 2.11%
3.VIX down 9%+
4.Advance Decline ratio 42 to 8.
5. NIFTY formed higher low and higher high. BANK NIFTY did not form new low.
For next 2 days,
1. I think, some kind of sustainable pullback may have started. It needs confirmation by holding up tomorrow.
2. Another confirmation signal is BANK NIFTY makes higher high. For confirmation of bottom, I would wait till Friday EOD.
3. Obviously, this pullback does not change long term picture right now. But now intra-day bias is clearly shifted to bullish side.
4. VIX dropping dramatically at 8800 support level, means NIFTY may make 8800 as base for this pullback rally.
Trade Log NIFTY May 19My trades today:
1. Due to positive global cues, I expected positive day today. Hence I sold 8700 PUT in first 15 minutes, with stop below yesterday's close.
2. When opening range was sustained and downward trend line break happened I sold 8900 PUT.
3. Around 11, NIFTY was already 2.43% up and started showing signs of momentum loss, that is candles with long tails. Hence existed both the positions at profit.
4. Then when opening range high of the day was broken decisively on second attempt, intra-day trend turned. Hence I sold 9200 CALL, which I later covered around bottom of the opening range.
Review of price action today:
I observe
1. Following global cues, NIFTY opened gap up, but could not sustain gap.
2. BANK NIFTY closed negative, while NIFTY closed positive.
3. INDIA VIX fell 3.5%
4. NIFTY Advance Decline was 36:14, which broader market Advance Decline was not good 781 to 980.
5. Inside candle formed after large bearish candle yesterday.
My view for next tomorrow and Thursday
1. Global news not helping, NIFTY is showing strength, but BANK NIFTY bearish. On BANK NIFTY chart, 17150 - 16700 is a support zone. This will be second touch of the zone, hence it can build support here. That means 8800 can be touched again, or even breached.
2. I don't expect NIFTY to go below 8600.
3. Also, I don't think 8800 is a bottom, on next touch, it may not hold, at least breached once.
Trade Log NIFTY May 15About my trades today
I made two trades today.
1. NIFTY formed initial red candle taking it below 9130. I shorted 9300 CALL on retest and squared on first sign of weakness.
2. Since NIFTY was not breaking 9050 , last low, I took reversal trade and squared it off before EOD on first spurt.
Overall, I followed the plan and price action and it was not a crazy day!
Yesterday I had said ,
1. NIFTY is again in the lower bound of the range, It is likely to go below 9130 and then down to earlier lows around 8800.
2. This fall may not be steep or with momentum. It can be another range bound movement in 9350 - 8800 area.
Point 1 turned to be true today. The second point , I have to see. But the selling was definitely lacking momentum.
I observe the following points about today's market action
1. NIFTY did not break the last low of 9050.
2. The close was just on the important support line of 9130.
3. VIX fell little -0.43%
4. Advance Decline is 23 to 27, neutral.
5. NIFTY reversed but could not close/touch above high of the day.
Overall I think next week in news driven week, and if there is no news NIFTY is likely to continue towards 8800 in slow fashion.
I shall do a detailed weekly update over the weekend!
Trade Log NIFTY May 14About Trades today:
1. I sold 9600 CALLS intended to expire. Since market opened gap down, I did not sell PUTS.
2. Opening range of 15 Mins was broken , but could not sustain, hence I enetred the trade sell 9300 CALL intended to covered on touch other end of the range.
3. On touch of range , 9200 PUT of next week expiry was entered , but it was lacking strength, and sold before 1.30
4. When the range broke down, I sold 9200 CALL of next week expiry and closed the position around EOD.
In my notes yesterday
I had said,
1. Somewhere market players are doing the maths and estimating that the impact of stimulus in the short term is minimal. Otherwise the range breakout would have been sustained.
2. The series of FM conferences will create some sector specific action, but overall stimulus bounce is behind us.
3. Since we are on the top bound of the range, the obvious bias is to again short till we breakout the range, that is close above 9450.
It turned out to be true. NIFTY actually swung back near to the other end of the range.
I have the following observations about today's price action
1. NIFTY gap down near support area 9200, but after initial bounce, it did not show any buying.
2. VIX fell 1.68%
3. Advance Decline ratio is very weak 40:10
4. BANK NIFTY under performed . It fell -2.88%. It also just filled the gap, did not fell further like NIFTY, so overall, it has better performance if we combine yesterdays move.
5. Tech sector weakened today based on US news flow.
All this means
1. NIFTY is again in the lower bound of the range, It is likely to go below 9130 and then down to earlier lows around 8800.
2. This fall may not be steep or with momentum. It can be another range bound movement in 9350 - 8800 area.
Trade Log NIFTY May 12About trades today.
I sold 9300 CALL as there was a gap down opening below 9190. I squared off the position when NIFTY could not go below 9040.
I sold 9000 PUT as there was a possibility of bounce. I squared off this position in profit.
I hold 9500 CALL sold from Friday. That position is open.
NIFTY Opened gap down below 9190 and continued till 9050. Then it reversed sharply to close near 9200. This may be the lower bound of the range - 9050.
I have the following observations about today's price action
1. NIFTY opened gap down and closed the gap. Also today was 7th down day.
2. NIFTY bounced off sharply from 9050 level. If NIFTY manages to close above 9340 in next two days, NIFTY may again try to touch upper bound of the range.
3. VIX rose less than a percent.
5. Advance Decline ratio 32:18 , on positive side.
5. BANK Nifty performed similar to NIFTY.
I read this action as
1. NIFTY has touched the 9050 region and reversed. It may now try to retrace and go towards 9440, upper bound. This may be successful or not.
2. From overall price action today, buying the dip in NIFTY or BANK NIFTY would be good strategy for coming days.
Trade Log NIFTY May 8About trades today.
I sold 9200 PUT as there was a gap up opening. This position is trapped. I bought 9000 PUT to reduce overnight risk.
I also sold 9600 CALL as NIFTY crossed 9330 below. Booked Profit in that position.
I sold 9500 CALL when NIFTY crossed below 9300. That position is open.
In my May 6 Log
I had said
1. I think NIFTY may open gap down or little negative and move towards 9000.
2. Until we close above 9300, it is better to stay on short side.
3. Gap up opening is possible only when there is some positive global news. In that case, need to wait for close above 9350.
Review : NIFTY did not gap down, instead gap up. But it did not sustain over 9350. It did not close above 9300.
I have the following observations about today's price action
1. With Morning gap up, range was broken, but it turned out to be false breakout of 9350.
2. NIFTY consolidated in the tight range of 9300 and 9330 for morning hours and finally broke down below 9300.
3. In sell off below 9300, there was no momentum. Many bars are overlapping and with tails.
4. VIX fell little 3.81%
5. Advance Decline ratio 28:22 , neutral.
5. BANK Nifty fell down more and closed in negative, -0.7%
I read this action as
1. Trend is negative but momentum is lacking on downside. Considering uncertainty, this may continue going forward for some time.
2. Sometime soon, NIFTY will try to touch other boundary of the range , that is 9130,
I'll do a detailed post for weekly review for the week over the weekend.
Trade Log NIFTY May 7
In my yesterday's market review, I had said
1. Tomorrow is expiry day. I wont take tomorrows action, especially sharp move if any as indication of further trend.
2. Mostly indecisive day today, so we have to see in which direction the NIFTY moves further. I do not have any bias going in tomorrow.
3. But if I have to build some view, then I think it'll be uneventful expiry (9300 +- 50) tomorrow, if there is no news flow tonight.
Point 3, around uneventful expiry turned to be correct. The expiry happened around 9200 with lot of chopping moves.
I have the following observations about today's price action
1. Market was very choppy and formed indecisive candle, which is inside candle as well.
2. The action around 9200 -9230, It was a narrow range action - no trade possible.
3. Bank NIFTY also traded in very narrow range.
4. Breadth was bad. 11 Advances and 29 declines.
4. Option writers again going in with 9000 as lower limit and then 9300 upwards calls were written.
All this means
1. Trend is negative. and market paused today.
2. Sometime soon, may be tomorrow, there will be expansion of the range. On downside till 9000. And for upside, first NIFTY needs to build above 9350.
For tomorrow,
1. I think NIFTY may open gap down or little negative and move towards 9000.
2. Until we close above 9300, it is better to stay on short side.
3. Gap up opening is possible only when there is some positive global news. In that case, need to wait for close above 9350.
Trade Log NIFTY May 6
Yesterday, I had said
1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news.
2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region.
Overall, I think point 2 was observed. The support was discovered in the region of 9100-9150. Now We have to see how long this holds.
I have the following observations about today's price action
1. VIX dropped 5.41% for just 0.75% rise in NIFTY. Market was choppy and formed indecisive candle.
2. The second sell off of the day after 1:30, found higher support around 9190.
3. Bank NIFTY outperformed.
4. Breadth was Ok. 37 Advances and 13 declines.
4. Option writers undecided at level 9300 and considers 9600 as upper limit. 9100 as lower limit for tomorrow and coming week.
All this means
1. Trend is still negative, but there could be a pause and consolidation. That means some reversals on intra-day charts.
2. We have to consider the 9100-9200 region as the support now. This support will further confirmed if we get a close above 9340 tomorrow. And resistance of 9340 is confirmed if it closes below 9190.
For tomorrow,
1. Tomorrow is expiry day. I wont take tomorrows action, especially sharp move if any as indication of further trend.
2. Mostly indecisive day today, so we have to see in which direction the NIFTY moves further. I do not have any bias going in tomorrow.
3. But if I have to build some view, then I think it'll be uneventful expiry (9300 +- 50) tomorrow, if there is no news flow tonight.
Trade Log NIFTY May 5
In my yesterdays review, I made the following points
1. This fall now wont be as unidirectional and steep as the March fall.
2. There will be choppiness with negative bias.
3. 8300 is not short term bottom.
4. The first bounce if any tomorrow will likely to fail.
Point 3 and 4 were confirmed by today's price action.
I have the following observations about today's price action
1. VIX did not dropped significantly. This means this continuation did not surprise or created fear.
2. The sell off after 1.30 was steep. And there is no climax action today.
3. Bank NIFTY under performed severely. 4. Breadth was not too bad considering the points lost, but banks contributed to the losses.
4. Option writers consider 9400 -9500 unbreakable by May 7.
All this means
1. Trend is confirmed as negative.
2. This drop in now entering the choppiness zone of last rise, 9000 - 9150, This is likely to offer first support if any.
For tomorrow,
1. Today NIFTY did opened with positive global clues but could not sustain. I expect some gap down opening if there are even mildly negative news.
2. I do not have clear idea, but my hunch is tomorrow again will be a down day with mostly some support discovery around 9050-9150 region.
Trade Log NIFTY May 4NIFTY opened large gap down and trended down with no major pullback.
1. VIX shot up 28%
2. Bank NIFTY under performed.
3. Broke below last important support area of 9400.
4. Also broke the support line of rising wedge.
6. Breadth was highly negative 424 Advances : 1399 Declines.
All this indicates the following
1. Trend is changed to negative,
2. This is definitely second leg of the fall that started in Feb-March.
But looking at the conditions , news flow etc
1. This fall now wont be as unidirectional and steep as the March fall.
2. There will be choppiness with negative bias.
3. 8300 is not short term bottom.
4. The first bounce if any tomorrow will likely to fail.
I made small intra-day trade today for profit. I have also created Credit Spread for this week between 9300 - 9100. Because I think NIFTY will have some consolidation over 9000.
Nifty Trade setup for Intraday n- 24th aprilLook at the Frist 30M Candle in Nifty, This is going to decide the trend today, cutting below low, will attract lot of selling,
If you interest in Long - first 30m Candle low is your stop.
If you are look to short , try to sell in part, 5 lots can be done on each rise around 40 points.
This is intra day analysis.
Trade Log NIFTY April 22Today NIFTY's move retraced 200 points after initial flat opening.
After move down tomorrow, I was expecting range bound action. NIFTY kept on moving up.
1. Overall Advance Decline ratio is near 1 to 1.
2. NIFTY gains largely due to Reliance and Zee Entertainment.
Tomorrow is expiry day. It is interesting to see how NIFTY reacts to level of 9250.
Trade Log NIFTY April 17NIFTY Gaped up. Since the breakout of 9250 was held for 15 Mins , I entered PUT 9200. This was aggressive because the level for stop loss was 9040 , which is way below the opening level.
1. 9200 PUT sold at 152 Rs
Then NIFTY touched 9220, which I though was a pullback.
2. 9100 PUT sold at 152 Rs
NIFTY crashed and consolidated around 9130. Then there was sharp rally in last 1.5 hrs. This is very difficult move.
Closed the day by squaring off both the positions.
Overall, NIFTY is making violent moves trapping trades who are looking for clear trend.