I feel we will be moderately volatile, much more than the prior week. Bulls and bears are on equal footing. However, i feel bulls could march to the finish line.
US markets look somewhat bullish in fact DOW shows MACD/HISTO PRICE buy divergence.... the Dollar continues to look weak and crude too suprisingly looks weak inspite of the weak dollar. So let them sulk.
Now how will i trade on Monday?? If Nifty opens gap up i will short one lot of Mini Nifty, if it climbs further another lot of MiniNifty. When it falls i will cover and go long in two longs..
If Nifty opens mildly gap down, i will buy one lot of Mininifty another leg down i will buy another lot of mininifty and play the reverse game by shorting and booking profits at the top end... Sounds so easy isnt it? Now that bunch on that famous thread will play this coz i said and then cry.... they will say radhika_nandlal was responsible for my loss.
Again if Nifty opens flat i will look to go long in one MiniNifty long position and one MiniNifty Short position at the same price...yes only one contract each, no overtrading for me...why i want to hold a hedge like position if Nifty opens flat?? i expect volatility today thats why!! It does not mean that it will come. I EXPECT hope u read that EXPECT correctly.
These hedges will be played with different month contracts coz the above two trades may cancel each other otherwise. LOL
Since i expect moderate volatility, i am going to play the up and down games by pros... they themselves are divided into bull and bear camps and with the amateurs thrown in with i think if i am a smart trader i should play it both ways as BB indicates.
Of course if i go wrong Supreet will promptly remind me chastising goes on 24 x 7 here..... in fact CHASTITY THY NAME IS 15 POINT STRATEGY THREAD..... and do i even give two hoots when i go wrong? As i said i am putting out my views.. so many have cursed me in my PM saying becoz of me they lost all money... so guys go slow.. you dont want to lose money right???.. so do ur own homework and get ur own trading ideas.. this is my trading idea for Monday
I need to be around full time here on Monday.
Checked all BSE sectors, most of them are looking bullish except for IT, REALTY and FMCG. These three sectors are showing mixed cues.
You should see the ADX of the bullish BSE sectors.. after spending most part of their time below the DIs they are making their first move up and its a jump by 4 points in some WHICH IS VERY BULLISH.
I think although the balance of power does not rest with the bulls or bears on Monday, the bulls will try their best to close it green. Anyway i expect volatility and am gearing up for the same.
As i said commodities did poorly on Friday but are up today.. i think i mentioned this to someone on the board? As positional traders we have to bear these whipsaws.
HAAA HAAA..u r too much to handle by the dozen of them...
well i see selloffs at every higher levels from now on..
reg Crude:my view is it has tgt of $45
USD:it will be very strongin coming days..
gold:is already on way to $1300 per ounce
| NIFTY 
