Nifty Prediction 23rd Sep 19

Nifty Prediction 23rd Sep 19

Nifty moved in line with our prediction. In our previous update we had clearly mentioned that overall we see a pullback towards 11200-11400 area and that was done. (Nifty actually moved to make a high of 11381 and then gave a pullback) Now the situation has changed with the tax cuts and the exact notification will have to be seen and fine print will have to be read but be that as it may till the level of —– is not broken we do not see any sense in short selling. Yesterday we did see another round of up move was coming and hence we had gone long in reliance and nifty and although we have booked out of Nifty today around 11200 but reliance we are still long so we will wait and see the next few days will be very crucial for the markets.

Part of what we did over the past few days.

9/18/19, 9:10 AM – Glen: Good morning

9/18/19, 9:11 AM – Glen: Wait for msg to trade

9/18/19, 9:26 AM – Glen: 31 Oct 11000 Call sell 1 Part at cmp

9/18/19, 9:27 AM – Glen: Wait for msg to sell 3 more parts

9/18/19, 9:32 AM – Glen: Note these are positional shorts for lower targets details we will discuss later

9/18/19, 9:54 AM – Glen: Importers must look to hedge rupee positions

9/18/19, 10:11 AM – Glen: Hold 31 Oct 11000 Call short 1 part as told

9/18/19, 10:11 AM – Glen: As and whenever we have to add we will update

9/18/19, 10:16 AM – Glen: Wait for msg to add 3 more parts. Reiterate these will be positional shorts

9/18/19, 10:55 AM – Glen: Nifty Fut Sell 2nd Part at cmp

9/18/19, 10:56 AM – Glen: Hold Nifty Fut 1 Part Short and 31 Oct 11000 Call short 1 part. Keep space for positional 2 more parts

9/18/19, 10:59 AM – Glen: On rise we will sell 2 more parts

9/18/19, 11:08 AM – Glen: Some volatility can take place here around current levels keep that in mind overall we don’t see Nifty sustaining higher and see lower prices coming initial target of 10200 will be near term targets for Downside

9/18/19, 11:50 AM – Glen: 26 Sep 71.25 Put Sell 1 part

9/18/19, 11:54 AM – Glen: 26 Sep 71.25 Put short hold 1 Part as told

9/18/19, 1:33 PM – Glen: Kuantum paper hold for accumulated below 400 if comes below 400 then only we will add

9/18/19, 1:33 PM – Glen: Overall we do not see Nifty sustaining higher now on rise we will sell 2 more parts at appropriate time

9/18/19, 3:12 PM – Glen: Hold positions as told if anything has to be done will update

9/18/19, 3:19 PM – Glen: Hold Nifty Fut 1 Part Short and 31 Oct 11000 Call short 1 part. Keep space for positional 2 more parts

9/18/19, 3:19 PM – Glen: As and when anything needs to be done will update

9/19/19, 9:05 AM – Glen: Good morning

9/19/19, 9:05 AM – Glen: Hold positions as told

9/19/19, 9:05 AM – Glen: Will keep Updating as and when anything needs to be done

9/19/19, 9:06 AM – Glen: 26 Sep 71.25 Put short hold 1 Part as told

9/19/19, 9:07 AM – Glen: Hold Nifty Fut 1 Part Short and 31 Oct 11000 Call short 1 part. Keep space for positional 2 more parts

9/19/19, 9:07 AM – Glen: Kuantum paper accumulate below 400. Those who have bought below 400 continue holding. Longer term we see good returns in kuantum paper

9/19/19, 9:08 AM – Glen: Silver wait for buying. Those holding physical longs since 35000 Co continue holding will update when to add more. Reiterate see higher targets in silver over longer term

9/19/19, 9:31 AM – Glen: Silver start accumulating in physical on dips

9/19/19, 9:32 AM – Glen: Don’t see much downside in silver reiterate target of 1L buy on dips in a staggered manner

9/19/19, 9:32 AM – Glen: Dhire dhire jama karo

9/19/19, 11:19 AM – Glen: Nifty Fut book profit in 1 Part at cmp

9/19/19, 11:20 AM – Glen: Confirmation Nifty booked 1 part

9/19/19, 11:20 AM – Glen: 31 Oct 11000 Call short continue holding 1 Part as told

9/19/19, 11:20 AM – Glen: Will keep Updating as and when anything needs to be done

9/19/19, 11:26 AM – Glen: 31 Oct 11000 Call short continue holding 1 Part as told

9/19/19, 11:26 AM – Glen: Whenever we have to sell more  again will update. Trend remains down

9/19/19, 12:20 PM – Glen: 31 Oct 11000 Call short 1 part book profit at cmp

9/19/19, 12:20 PM – Glen: Confirmation no open positions in Nifty for now

9/19/19, 12:21 PM – Glen: 26 Sep 71.25 Call sell 1 part at cmp

9/19/19, 12:32 PM – Glen: From lower side another pullback can come do not short sell wait for msg

9/19/19, 12:43 PM – Glen: Reliance Buy in 2 Parts 1 part at 1180 Nse Cash price will update when to buy 2nd part

9/19/19, 12:44 PM – Glen: 31 Oct 10500 Put Sell 1 Part at cmp

9/19/19, 12:44 PM – Glen: Expect some bounce back in the market

9/19/19, 12:49 PM – Glen: Reliance buy 1 Part at cmp

9/19/19, 12:49 PM – Glen: 2nd part will update when to buy

9/19/19, 12:49 PM – Glen: Hold 31 Oct 10500 Put short as told

9/19/19, 12:50 PM – Glen: Some volatility and then pulbback expected

9/19/19, 12:51 PM – Glen: Nifty will be in trading range of 10600-11100 for few more days

9/19/19, 12:52 PM – Glen: Option buyers please note buying options will not make money as overall it will be a sideways market unless you are day trading in options positional options buying will not make much money due to time. Decay

9/19/19, 1:12 PM – Glen: Reliance buy 2nd part at 1170 Nse Cash level

9/20/19, 9:09 AM – Glen: Good morning

9/20/19, 9:09 AM – Glen: Hold positions as told

9/20/19, 9:10 AM – Glen: As and when anything needs to be done will update

9/20/19, 9:10 AM – Glen: Hold positions as told

9/20/19, 9:10 AM – Glen: 26 Sep 71.25 Put short hold 1 Part as told

9/20/19, 9:10 AM – Glen: 26 Sep 71.25 Call sell 1 part at cmp

9/20/19, 9:14 AM – Glen: Yesterday done this

9/20/19, 9:15 AM – Glen: Check msg of yesterday

9/20/19, 9:16 AM – Glen: <Media omitted>

9/20/19, 9:16 AM – Glen: Sis you get this?

9/20/19, 9:16 AM – Glen: Did

9/20/19, 9:17 AM – Glen: Yes

9/20/19, 9:17 AM – Glen: Now don’t do anything

9/20/19, 9:31 AM – Glen: Hold positions as told

9/20/19, 9:31 AM – Glen: Please note we have taken 26 Sep 71.25 Call short yesterday currently holding 71.25 call short 1 part and 71.25 Put short 1 part

9/20/19, 9:33 AM – Glen: Silver on dips and panic keep accumulating downside is limited while there is massive upside

9/20/19, 10:48 AM – Glen: Reliance book 50 percent cmp

9/20/19, 10:48 AM – Glen: Confirmation reliance booked 50 percent

9/20/19, 10:48 AM – Glen: Hold remaining 50 percent long qty as told in reliance

9/20/19, 10:49 AM – Glen: 31 Oct 10500 Put short hold as told

9/20/19, 10:52 AM – Glen: Hold remaining 50 percent long qty as told in reliance

9/20/19, 10:52 AM – Glen: 31 Oct 10500 Put short hold as told

9/20/19, 10:52 AM – Glen: Hold usdinr positions as told

9/20/19, 10:53 AM – Glen: As and when anything needs to be done will update

9/20/19, 11:10 AM – Glen: Yesterday we were predicting a pullback and that’s exactly how nifty has moved some more upside is pending post which lower top should be formed

9/20/19, 11:10 AM – Glen: Wait for msg to book longs and short sell.

9/20/19, 11:11 AM – Glen: Yes

9/20/19, 11:28 AM – Glen: 11200

9/20/19, 11:34 AM – Glen: Just hold longs as told do not short sell

9/20/19, 11:34 AM – Glen: Whenever anything has to be done will update

9/20/19, 11:35 AM – Glen: Akha duniya shorts mea trapped hai

9/20/19, 11:51 AM – Glen: Exit delivery longs on rise  now for those who are stuck

9/20/19, 12:16 PM – Glen: Hold longs as told do not short sell until you get msg to do so

9/20/19, 12:29 PM – Glen: 31 Oct 10500 Put short Book profit

9/20/19, 12:30 PM – Glen: Hold remaining longs in reliance as told

9/20/19, 1:52 PM – Glen: Hold reliance remaining longs as told

9/20/19, 1:52 PM – Glen: Do not short sell

9/20/19, 1:52 PM – Glen: Wait for msg

9/20/19, 1:53 PM – Glen: Shanti karke baitho aramse

Good trading to you!