TraderPK

Entering the day with neutral positions. Long bias into the day. Looks we’ll gap up per global. Crucial to identify early signs of weakness, if any. We’ll turn into overall neutral structure if we cross 31200 or become super bearish below 29500 Value area 30218/30319 for mean reversion trades.

Entering the day with neutral positions. Long bias into the day. NF and BNF have breached thru some crucial support levels and have turn bearish now. Expiry today.  Value area 30471/30592 for mean reversion trades.

Entering the day with neutral positions. Long bias into the day. We ended the day at such a crucial juncture i.e. around 31000 below which next target is 30000. Also note that we might gap down and see value buying which could surprise many. NF uptrend looks intact but has also closed at such a vital level 14250.  Value area 31240/31292 for mean reversion trades.

Entering the day with short positions. Short bias into the day. Mkt can only be considered bullish above 32800 - we did cross that level and tried to stay above but failed. BNF made a double distribution profile yday and looks like a double top on dailies Value area 32363/32406 for mean reversion trades.

Entering the day with long positions. Long bias into the day. Mkt can only be considered bullish above 32800 - we are not far from it.  Value area 32526/32543 for mean reversion trades.

Entering the day with neutral positions. Long bias into the day. Mkt can only be considered bullish above 32800 - we are not far from it. What a change in mood! Value area 32340/32436 for mean reversion trades.

Entering the day with short positions. Short bias into the day. Mkt’s bullish structure has been negated since we have turned below 31800. We have ended in a very imbalanced area where we havent traded much and could provide support/resistance for short term. First target on the downside is 31350.  Value area 31827/31953 for mean reversion trades.

Entering the day with short positions. Short bias into the day. Mkt’s bullish structure will be negated once we turn below 31800. HDFC bank’s results are out and could have an early morning impact on BNF. if we gap up, could be an excellent short opportunity.  Value area 32328/32343 for mean reversion trades.

Entering the day with short positions. Short bias into the day. We formed an inside day on BNF and NF. Waiting for cues from global mkts. Overall bullish Value area 32707/32709 for mean reversion trades.

Expiry day. Entering the day with long positions. Long bias into the day. We keep developing value as we move up. Overall very strong  Value area 32552/32600 for mean reversion trades.

Entering the day with neutral positions. Short bias into the day. Yday was starting to look like another strong day to the upside but global cues didnt support. Overall still strong  Value area 31848/31862 for mean reversion trades.

Entering the day with long positions. Long bias into the day. Yet again mkt took support at 31000 and broke out of the heavily concentrated area suggesting this move has more legs  Value area 31549/31670 for mean reversion trades. 

We might open gap down. Entering the day with long positions. Long bias into the day. Yday we spent time creating value up above 31000 which has yet again proved a support Value area 31300/31335 for mean reversion trades.