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Trade Log NIFTY April 29NSE:NIFTY broke out of the range today. 1. I squared off trapped call positions for loss. 2. On breakout, sold 9500 PUTS which were squared off profit. Some ideas from the price action today. ------------------------------------------------------------ Today may be much awaited start of the breakout. The strength of the breakout is pretty strong. But one thing to be noted is This breakout still need to be confirmed by spending couple of days more building on this strength and staying above 9400. The overall market breadth was not very strong. 38 Advances and 12 declines. Since large move is made today, tomorrow we may have consolidation. Once again remember overall view on monthly time frame , This is just a first meaningful bounce which can fail anytime. So better to stay light on long positions.
NSE:NIFTYLong
by Observe_Think_Act_Think
The Ethereum is money of the futureAt the monday we will check the unemployment rates and it will be high. The first week will be almost calm, but when the people will see the government can't do anything with it or release carantine from the economy - it will produce new wave of COVID sick and new panic wave at the finance sector. The highest pick of COVID would be at the middle of the may. Also BITCOIN hardfork, and the planning Berlin hardfork at ETH Summer 2020. All this point soon fall of the eth after the little growth in the correlation of the bitcoin. I think the whales will take their positions at 50-60$ per ETH Be calm, save your money, keep bright
Long
by lexxstorm
8
Copper is showing weakness Hello, from what I’m seeing it’s showing head and shoulders in the 1 hour chart indicating further drops to copper by EOW and big boy companies like FCX should feel the burn real soon. We see the right shoulder bigger than in the RSI and the left shoulder smaller than the one in the rsi showing us kind of a hidden divergence of a future downtrend that’s about to take place within the next two days. I’ll watching some puts with deltas over -0.50 that can make me a quick buck. We saw today an example of a dip today from 9:30 till 10:55. Made a nice put in the morning on FCX and you can tell I’ll be watching it side by side with copper to decide further trades. Also, we need to see what China is doing with there copper as well as there is bad news for this mineral even though we are experiencing an influx of copper like oil but is being treated like oil over there for someone reason. We should see confirmation of a downtrend tomorrow touching 2.330 even 2.326 if it’s a big sell off.
FX:COPPERShort
by miami95
Trade Log NIFTY April 21NIFTY Opened gap down below 9040. Then slipped below 9000. 1. Today's fall was on bad global news. 2. I do not think that this is just one day fall. This is likely to continue tomorrow. 3. If it closes below 8821, then the possibility of lower low in place. I am not holding any positions tonight. I was holding sold Calls at 9400 and 9300. I covered those today. My weekly view is still in place , key level to observe now is 8821. And overall, 9400 Level, which was highlighted in Monthly Review still holding as intermediate top
NSE:NIFTYShort
by Observe_Think_Act_Think
Trade Log NIFTY April 20The range bound day. As I expected, NIFTY is chopping around key levels like 9300. 9:45 Initial Selling from 9385. Clearly establishing as resistance. 11:00 Follow up moves after selling is missing. 11:30 Selling around 9300. Crossed Low of the Day. 01:30 Consolidation in the range. Wait for breakout 03:00 Last Hour Selling. From Price Action , I think 1. The selling force was higher. But for every selling move, there was no follow up. 2. For now, 9385 - 9350 region is a resistance zone. 3. In last 10 days, there is common pattern - Gap up but face resistance. I think NIFTY may not gap up but rather build strength from downside. Hence I am carrying the sold CALL overnight.
NSE:NIFTYShort
by Observe_Think_Act_Think
Wait Sell Resistance 0.9760 Downside Target 150+ pips + BreakoutTrend= Waiting Sell Resistance price 0.9760$ Target = 100+ pips also waiting for downdie trend break. Reason = Currently $ sideways but coming week get weak. H4 looking upside for a small retracement, Daily base= sideways between 50-70 pips weekly base = bearish 🛑SUPPORT/RESISTANCE ✅S1= 0.9650 ✅S2=0.9590 ✴️R1=0.9725 ✴️R2=0.9765 Please like, share, comments and follow me to get daily base analysis Thank you for your support, I appreciate it.
Short
by Allmypips
6