Nifty trend / Nifty prediction 15th May 19

Nifty trend / Nifty prediction 15th May 19

Nifty trend today was bullish perfectly in line with our Nifty Trend analysis and Nifty Prediction. We have been saying since some time now that the first target on the downside is around 11100 spot Nifty levels and that target was more or less done yesterday in late trade and hence we had covered our positional shorts that we were holding.

Part of what we did over the past few days

09/05/19, 9:07 am – Glen: Good morning

09/05/19, 9:07 am – Glen: Hold positions as told

09/05/19, 9:07 am – Glen: Usdinr 29 May Hold 1 Part 69.50 Put Short as told

09/05/19, 9:07 am – Glen: Nifty Hold 2 parts May Fut shorts and 2 Parts 30 May 11500 Call Short as told

09/05/19, 9:08 am – Glen: Overall trend remains down. Nifty heading for target of 11100 spot

09/05/19, 9:23 am – Glen: Hold shorts for 11100 target if anything has to be done will update

09/05/19, 10:56 am – Glen: Hold shorts as told

09/05/19, 2:30 pm – Glen: Hold positions as told

09/05/19, 2:31 pm – Glen: Pullbacks will come from time to time but we don’t see any pullback sustaining higher. Reiterate 11100 spot target

09/05/19, 3:21 pm – Glen: Usdinr 29 May Hold 1 Part 69.50 Put Short as told

09/05/19, 3:21 pm – Glen: Usdinr has resistance around 70.50 let it come higher towards that area. When usdinr is around 70.50 we should see Nifty around 11100 spot level

09/05/19, 3:22 pm – Glen: Don’t see or expect any meaningful bounce back before 11100

09/05/19, 3:23 pm – Glen: Many of you have asked me about election outcome we maintain our view that nda won’t get the numbers. Regardless of who forms govt we don’t see any major upside in the market for now

10/05/19, 9:03 am – Glen: Good morning

10/05/19, 9:03 am – Glen: Hold positions as told

10/05/19, 9:03 am – Glen: Will update as and when anything needs to be done

10/05/19, 11:08 am – Glen: Hold positions as told

10/05/19, 12:02 pm – Glen: Consolidation should end shortly. Expect down trend to resume. Reiterate Nifty target 11100 spot

10/05/19, 2:47 pm – Glen: keep trailing SL for all shorts 11370 spot

10/05/19, 3:25 pm – Glen: Hold all shorts with 11370 spot trailing SL

13/05/19, 9:12 am – Glen: Good morning

13/05/19, 9:12 am – Glen: Hold positions as told

13/05/19, 9:47 am – Glen: Usdinr 29 May Hold 1 Part 69.50 Put Short as told

13/05/19, 9:48 am – Glen: Will keep Updating as and whenever anything needs to be done

13/05/19, 9:49 am – Glen: Nifty Hold 2 parts May Fut shorts and 2 Parts 30 May 11500 Call Short as told

13/05/19, 9:49 am – Glen: Reiterate we see 11100 from the area of 11100 some meaningful bounce can come

13/05/19, 9:49 am – Glen: 11100 Nifty spot level

13/05/19, 1:39 pm – Glen: Hold positions as told

13/05/19, 1:39 pm – Glen: If anything has to be done will update

13/05/19, 1:42 pm – Glen: Reiterate we see 11100 spot Nifty level. Once that area is tested then we will see what to do

13/05/19, 1:43 pm – Glen: Bank Nifty should see around 28000 on spot if we get low risk point we will sell

13/05/19, 1:44 pm – Glen: Will update as and when anything needs to be done

13/05/19, 1:44 pm – Glen: Nifty Hold 2 parts May Fut shorts and 2 Parts 30 May 11500 Call Short as told

13/05/19, 1:44 pm – Glen: Usdinr 29 May Hold 1 Part 69.50 Put Short as told

13/05/19, 2:20 pm – Glen: Usdinr 29 May Hold 1 Part 69.50 Put book profit

13/05/19, 2:20 pm – Glen: Confirmation usdind booked

13/05/19, 2:20 pm – Glen: Confirmation usdinr booked

13/05/19, 2:23 pm – Glen: Hold Nifty shorts as told

13/05/19, 3:11 pm – Glen: We are nearing our target area so we will be covering shorts in sometime

13/05/19, 3:11 pm – Glen: Please be alert

13/05/19, 3:11 pm – Glen: And wait for msg to cover shorts

13/05/19, 3:12 pm – Glen: May cover shorts towards eod or early tomorrow morning

13/05/19, 3:22 pm – Glen: Nifty book all shorts

13/05/19, 3:22 pm – Glen: Confirmation nifty all shorts booked

13/05/19, 3:22 pm – Glen: No open positions

13/05/19, 3:23 pm – Glen: There can be some more Downside in the near term but we see area of 11100-11000 as a strong support area

13/05/19, 3:23 pm – Glen: Could see a consolidation or bounce from that area

14/05/19, 9:13 am – Glen: Good morning

14/05/19, 9:13 am – Glen: No open positions

14/05/19, 9:13 am – Glen: Will update as and when anything needs to be done

As usual, if you are only trading on the basis of this post please use your own risk management and then only trade. Please do not over trade and always keep your risk in check before trading. Over the next few trading days there could be some extreme volatility which could play out due to election results so trade safe and hedge your positions trading with open or naked positions if any should be done with significantly lower volume.

Good trading to you!