Nifty Prediction 17th Feb 20

Nifty Prediction 17th Feb 20

Nifty today moved higher during opening but after that it we did see some sharp cuts thanks to the news flow that came in with regard to the telecom companies. Overall we have predicted near term up trend but at the same time it is very important to keep booking profits at regular intervals and the key is to buy into dips. Next week we have only 3 working days and institutional activity is likely to be less than usual.

Based on our Nifty prediction traders will have to buy into panic and book profits on rise. Buying and holding will not be a good strategy for now.

Part of what we did today

[9:09 AM, 2/14/2020] Glen: Good morning
[9:09 AM, 2/14/2020] Glen: Nifty Fut Hold 1 Part Long as told
[9:09 AM, 2/14/2020] Glen: Nifty 20 Feb 12200 Call Buy hold remaining 50 percent long qty as told
[9:09 AM, 2/14/2020] Glen: As and when anything needs to be done will update
[9:18 AM, 2/14/2020] Glen: Nifty Fut book 50 percent at cmp and hold remaining qty as told
[9:19 AM, 2/14/2020] Glen: Confirmation Nifty booked 50 percent and holding remaining 50 percent long qty
[9:23 AM, 2/14/2020] Glen: Do not short sell
[9:23 AM, 2/14/2020] Glen: Overall trend remains up
[9:24 AM, 2/14/2020] Glen: On dips we will be buying and keep booking part profits on higher side
[9:24 AM, 2/14/2020] Glen: Next week we have only 3 working days so we will keep taking regular profits and buy on dips
[9:35 AM, 2/14/2020] Glen: Nifty 12200 Call book profit in remaining 50 percent long qty
[9:35 AM, 2/14/2020] Glen: Confirmation Nifty 12200 Call booked profit in remaining longs
[9:36 AM, 2/14/2020] Glen: Nifty Fut Hold remaining 50 percent long qty as told
[10:12 AM, 2/14/2020] Glen: Pullbacks will keep coming from time to time but overall trend will remain up for the time being
[10:12 AM, 2/14/2020] Glen: Nifty Fut Hold remaining 50 percent long qty as told
[10:12 AM, 2/14/2020] Glen: As and when anything needs to be done will update
[10:56 AM, 2/14/2020] Glen: Buy 50 percent of part 1 again
[10:56 AM, 2/14/2020] Glen: Confirmation a nifty Hold 1 Part Long as told
[10:56 AM, 2/14/2020] Glen: Keep SL of 12102 Feb Fut level and hold
[11:03 AM, 2/14/2020] Glen: Nifty book 50 percent again at 12172 Feb Fut level (prefeed) for buy done at 12123
[11:30 AM, 2/14/2020] Glen: Confirmation Nifty 50 percent of part 1 booked at 12172
[11:31 AM, 2/14/2020] Glen: Confirmation Nifty 50 percent of part 1 booked at 12172 for buy done at 12123
[11:31 AM, 2/14/2020] Glen: Nifty remaining qty keep trailing SL of 12102 Feb Fut level
[11:31 AM, 2/14/2020] Glen: As and when anything needs to be done will update
[11:44 AM, 2/14/2020] Glen: Nifty for remaining qty book at cmp
[11:44 AM, 2/14/2020] Glen: Confirmation no open positions in Nifty for now
[11:44 AM, 2/14/2020] Glen: Wait on sidelines for now
[1:11 PM, 2/14/2020] Glen: As and when anything needs to be done will update