TraderPK

Entering the day with neutral swing positions. Long bias into the day. We are well balanced between 28850 and 29800. Mkt is getting back from slumber so expect good action.  Value area 29609/29638 for mean reversion trades. 

Started following the Dec futures. Entering the day with no swing positions. Short bias into the day. On the way down, 29000/29200 are key levels whereas on the way up, resistance can be found at 30160.  Value area 29451/29564 for mean reversion trades. 

Entering the day with bearish swing positions. Short bias into the day. On the way down, 29000/28750 are key levels whereas on the way up, resistance can be found at 29800 and yday’s hvn at 29720. Value area 29346/29507 for mean reversion trades. 

Entering the day with bullish swing positions. Long bias into the day. Yday’s move gets us ready for the next leg up. 29800/29000/28750 are all key levels. Value area 29570/29675 for mean reversion trades.  Trade the mkt, not emotions. Mkt doesnt give 2 hoots about it.

Entering the day with neutral option position. Long bias into the day. Yday was another value creation day. 28750 is a short term support.  Value area 29085/29150 for mean reversion trades. 

Entering the day with neutral option position. Short bias into the day. Overall mkt is creating value as we move up. This is a healthy way to go up (except for the gap areas left below in the first 2 weeks of Nov). 28750 is a short term support.  Value area 29073/29158 for mean reversion trades. 

Double distribution day yday. Entering the day with short swing positions (after a long time). Short bias into the day.  Value area 29012/29113 is the value area for mean reversion trades. 

Entering the day with long swing positions. Long bias into the day. What a bullish move yesterday as expected.  Value area 29525/29640 is the value area for mean reversion trades. 

Entering the day with long swing positions. Long bias into the day. Finally mkt was able to pierce through the key 29000 level Value area 29042/29125. 28835/28885 was heavily traded yesterday and can be a magnet on the way down.

Starting with positionals again today. For a new short term trend to emerge, mkt should cross 29000 on the upside or 27850 on the downside.  Value area 28264/28388 which could be targets for mean reversion trades. 

Short bias into the day. No swing positions. Mkt is balancing out here. For a new short term trend to emerge, mkt should cross 29000 on the upside or 27850 on the downside.  Value area 28335/28360 which could be targets for mean reversion trades.

Short bias into the day. No swing positions. Yesterday’s action was good, creating some value without just rushing up. Mkt still too bullish.  Value area 28670/28760 which could be targets for mean reversion trades. Crossing pdh to the upside can cause explosive move.

Long bias into the day. No swing positions. Mkt is leaving a lot of gap areas behind which indicates not a healthy auction. Moreover, it has started going vertical.  Value area 28425/28535 which could be targets for mean reversion trades. pdh/pdl are other key levels.

What a run this is! Long bias into the day. No swing positions.  27400/27490 value area is important alongwith pdl/pdh

Entering the day with a long bias. Mkt has been relentlessly going up. Now that the US election news is out, can we see a “good news, bad action” type of a day? Anyway, we have to drop down below 26000 in order for weakness to be said to have set in.  Value area is 26569/26659. Vwap, pdl, pdh are all important levels for the day. 

Entering the day with a short bias (per prop indicator)  We left a crucial gap below 26000 yesterday. Since yday was a tight range day, the value area of 26220/26265 becomes more important for mean reversion trades. Pdh/26360 is another level to watch out for. US election rate news can cause volatility. 

Watched the global mkt yesterday with no trades in BNF. Will not trade today if there is USA election news expected during the day. No positional trades since last week.  In case i do trade intraday, will enter the day with a short bias (through prop indicator). Prev day high/low will be key levels. Also, 25560/25620 is the value area which will be used as possible targets for mean reversion trades. 

  Initial long bias into the day (through prop indicator) Mkt got above the crucial 24800 and turned bullish for a swing trade. Based on previous stats, mkt will consolidate and build more value around today’s value area. So expectation is a strong opening and on the first sign of weakness, will look for retracement towards 24725/24810 area. Close above 24800 will be a sign of further strength.  

Entering the day with a long bias (through proprietary indicator). We did pierce through 23850 - maybe this is the start of a leg down. Taking out prev day low can lead to more sell off towards 23470 upon which a positional play opens up. Whereas, only a move above 24800 can be seen as bullish.