Took Short Position in Nifty Future @5419.

Took Short Position in Nifty Future @5419. SL - 5450 1st Tgt - 5324 (SureShot), 2nd Tgt - 5275, 3rd Tgt - 5170.   

Brought 5400PE Nifty Just Now

Brought 5400PE Nifty @42.50 Just Now. Target and SL later ... Strong Call.

EURUSD_14_Aug_Hourly

See How we are on the right track.... Let us watch further .....

Exit the Nifty Short position today @5332

Booked the short position profit today @5332. Total Profit 33 Points.
Also, Square off the Buy put call @58. Total Profit 7 points.
Very difficult to trade... Market is in the range bound...

 Lets wait for the next entry.

EURUSD_09Aug_Hourly

See How EURUSD is moving as per our last predictions..... 1st Target achieved but shortfall to 2nd target and starting retracement for the last up rally.
Then in the downmove exactly took the 1st support and now in the way to take 2nd support.
After taking the 2nd support @1.2271, we expect that it will start his upmove again which was the strong 3of3. Lets us watch. All the Best.

Took Nifty Short Position:

On Daily Chart, Nifty Future broke the yesterday low of 5345.5 and made new low @5332, and Close @ 5365. So as per bias theory, sentiment is negative.

So, as per the yesterday's and todays observation, I took the short position @5362. Similarly, Took Buy position in Put Option 5300 @50.90

All the Best!!!

Update 08 Aug:

Today Nifty is again moved up and made high 5393.55 but couldn't sustain and came down and close @5357.

Observation : -
On daily Chart, It showing the bearish candle stick pattern as Hammer at the top which was usually reversal point of the upmove rally.
Similarly as yesterdays said, there was strong -ve divergence shown in the RSI and MACD indicator.

This predicts to me that Nifty will start move down from here.. Let us watch ...

Update : Stay Short on Nifty

I felt that it was the flase breakout on upside. Nity future have broken the last high of 5358 and made new high as 5362 as per LOG chart.
On daily Chart, even if the Nifty break last top but RSI indicator is not break its last top, Predicts as Strong Negative divergence.
So, I still strongly feel that Nifty will start a move to downside as "C" as per the chart shown below.
Major Support Zone - 5164. If this support is not break then Our view will not be so bearish and we have to change the count. Let us watch !!!

Nifty Strong Short Call 08 Aug - Hourly

CMP Nifty future is 5334. Short Nifty here with 5350 as SL, Target will be 5270 (Immediate Intraday), Positional Target will be below 5000.

Study as below - Let us see How Waves unflod in the coming days...

EURUSD_03Aug_Hourly