Nifty trend / Nifty prediction 22nd July 19

Nifty trend / Nifty prediction 22nd July 19

Nifty trend has been lower ever since the budget day and perfectly in line with our Nifty prediction. We have been saying that overall we do not see any upside sustaining and that lower targets of 11300 are coming.  Once again we are saying that yes pullbacks will keep coming from time to time and we are not suggesting that pullbacks will not come sure pullbacks will come but the overall economic environment does not support a bull market. Most of you are well aware that although the Nifty is around 11400 levels as of today most of the stocks are much lower. Even blue chips like Maruti are almost down by 50% from the top. Anyways the point is that overall till 11300 spot Nifty does not come we do not expect much upside sustaining. We will review the trade at 11300 spot Nifty levels.

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Part of what we did

08/07/19, 9:14 am – Glen: Good morning

08/07/19, 9:15 am – Glen: Hold usdinr positions as told

08/07/19, 9:15 am – Glen: As and when anything needs to be done will update

08/07/19, 9:15 am – Glen: Kuantum paper keep accumulating. Results will keep improving from here onwards

08/07/19, 9:15 am – Glen: Shirpur gold accumulate

08/07/19, 9:40 am – Glen: Usdinr Square 12 July pair trade

08/07/19, 9:41 am – Glen: Hold 29 July 68.75 Call Short 1 part

08/07/19, 9:41 am – Glen: Nifty wait for trade

08/07/19, 10:05 am – Glen: 29 July 68.50 sell 1 part call and 1 part out at cmp

08/07/19, 10:06 am – Glen: Nifty we could see some consolidation here or minor pullback wait for that

08/07/19, 12:41 pm – Glen: Lot of zig zag movements will come over the next 2-3 weeks. Nifty will be extremely choppy with up and down both side movements.

08/07/19, 1:12 pm – Glen: 29 July 68.75 Put Sell 1 part

08/07/19, 2:02 pm – Glen: Nifty Sell 11600 Call 1 Part 25 July

08/07/19, 2:03 pm – Glen: On pullbacks will sell 3 more parts

08/07/19, 2:39 pm – Glen: If Nifty does not move back above 11600 spot then down trend starts eventually we will keep moving lower. First target will be 11300-11000 from this area some bounce will come however keep in mind next few weeks will be very choppy

08/07/19, 2:58 pm – Glen: Nifty Fut Sell 1 part

08/07/19, 2:59 pm – Glen: Nifty 11600 Call Short 1 part hold and Nifty July Fut Hold 1 Part short will update as and when anything needs to be done

09/07/19, 9:20 am – Glen: Good morning

09/07/19, 9:21 am – Glen: Hold positions as told

09/07/19, 10:00 am – Glen: Book profit in 68.50 Put short and sell 69 Put 1 part

09/07/19, 10:01 am – Glen: Nifty Hold 1 Part July Fut Short and Nifty 11600 Call Short 1 part

09/07/19, 10:02 am – Glen: Nifty book profit in shorts

09/07/19, 10:02 am – Glen: Confirmation Nifty booked profit in both parts

09/07/19, 10:02 am – Glen: Hold usdinr positions as told

09/07/19, 10:05 am – Raman Gmail removed from the list

09/07/19, 10:18 am – Glen: On pullback we will sell again wait for some pullback markets too oversold

09/07/19, 11:48 am – Glen: Wait for selling

09/07/19, 12:00 pm – Glen: 68.50 Call Short 1 part exit and wait for msg to renter

09/07/19, 12:04 pm – Glen: Nifty 11600 Call Sell 1 Part

09/07/19, 12:04 pm – Glen: We will renter shorts on further pullback

09/07/19, 12:09 pm – Glen: Nifty July Fut Sell 1 Part at cmp

09/07/19, 12:09 pm – Glen: Keep space for 2 more parts trend down heading for 11300 spot

09/07/19, 12:38 pm – Glen: Nifty July book profit

09/07/19, 12:38 pm – Glen: Hold 11600 Call Short 1 part and wait for selling msg

09/07/19, 2:03 pm – Glen: 11600 Call Short Book profit

09/07/19, 3:16 pm – Glen: Nifty 11 July Buy 11500 Put 1 Part (Please don’t over trade)

09/07/19, 3:16 pm – Glen: Nifty 25 July Sell 11600 Call 1 Part

09/07/19, 3:17 pm – Glen: Nifty July Fut Sell 1 part at cmp

09/07/19, 3:18 pm – Glen: Reiterate 11300 target its possible to see a little more higher though we can’t wait for that as there is a possibility of gap down tomorrow

10/07/19, 9:27 am – Glen: Good morning

10/07/19, 9:27 am – Glen: Hold positions as told

10/07/19, 11:35 am – Glen: As and when anything needs to be done will update

10/07/19, 12:44 pm – Glen: Book profit in 11600 Call Short and sell 11500 Call 25 july

10/07/19, 1:42 pm – Glen: Book profit in Nifty July

10/07/19, 1:43 pm – Glen: 11500 Call exit

10/07/19, 1:43 pm – Glen: Wait for msg to trade

10/07/19, 1:43 pm – Glen: Exit Nifty put buy 11500

10/07/19, 1:43 pm – Glen: No open positions in Nifty

10/07/19, 1:43 pm – Glen: Usdinr hold positions as told

10/07/19, 1:43 pm – Glen: Will update as and when anything needs to be done

10/07/19, 1:44 pm – Glen: Possible nifty to retest 11600 area and then move to 11300

10/07/19, 2:35 pm – Glen: Usdinr 29 July Sell 1 part 68.75 Call and Sell 1 part 68.50 Put.

11/07/19, 9:40 am – Glen: Good morning

11/07/19, 9:40 am – Glen: Wait for msg to sell

11/07/19, 10:00 am – Glen: Nifty Sell 11600 Call 1 part

11/07/19, 10:24 am – Glen: Nifty July Sell 1 part

11/07/19, 1:05 pm – Glen: Book profit in 68.75 Call Short and sell 68.50 Call

11/07/19, 1:06 pm – Glen: Usdinr 29 July book profit in 68.75 Call Short and sell 68.50 Call

11/07/19, 2:24 pm – Glen: Hold Nifty July Fut 1 Part Short and Nifty 11600 Call Short 1 part as and when anything needs to be done will update

11/07/19, 2:26 pm – Glen: Pullback nearing the end we see 11300 as the target

12/07/19, 9:15 am – Glen: Good morning

12/07/19, 9:15 am – Glen: Hold positions as told

12/07/19, 9:15 am – Glen: Will update as and when anything needs to be done

12/07/19, 1:18 pm – Glen: Nifty July Sell 2nd part

12/07/19, 2:43 pm – Glen: Book profit in Nifty 2nd part at 11548 July Fut level (prefeed)

12/07/19, 2:47 pm – Glen: Nifty July book 2nd part at cmp

12/07/19, 2:47 pm – Glen: Nifty Hold 11600 Call Short 1 part

12/07/19, 2:47 pm – Glen: Nifty Hold July Fut Short 1 part

12/07/19, 2:47 pm – Glen: As and when anything needs to be done will update

12/07/19, 2:54 pm – Glen: Close Nifty July Fut 1 part

12/07/19, 2:55 pm – Glen: Carry 11600 Call Short 1 part

12/07/19, 2:56 pm – Glen: Enjoy your weekend

12/07/19, 3:06 pm – Glen: stbt Nifty 1 part below 11534 July Fut lvl

15/07/19, 9:10 am – Glen: Good morning

15/07/19, 9:10 am – Glen: Hold positions as told

15/07/19, 9:10 am – Glen: Will update as and when anything needs to be done

15/07/19, 11:09 am – Glen: Book profit in 68.50 pair trade

15/07/19, 12:25 pm – Harsh Chandan removed from the list

15/07/19, 12:25 pm – Rajesh Singhvi removed from the list

15/07/19, 1:15 pm – Glen: Nifty Hold stbt as told

15/07/19, 1:17 pm – Glen: Hold 11600 Call Short as told

15/07/19, 1:18 pm – Glen: Usdinr we booked positions wait for fresh trade in usdinr

15/07/19, 1:18 pm – Glen: Kuantum paper accumulate

15/07/19, 2:09 pm – Glen: Close stbt trade at cmp

15/07/19, 2:09 pm – Glen: Hold 11600 Call Short as told

15/07/19, 2:42 pm – Arun Gada removed from the list

16/07/19, 9:17 am – Glen: Good morning

16/07/19, 9:17 am – Glen: Hold 11600 Call Short as told

16/07/19, 10:05 am – Mitesh Thacker 2 added to the list

16/07/19, 10:34 am – Glen: Close 11600 Call Short

16/07/19, 1:33 pm – Glen: Dollar closed yesterday

16/07/19, 1:33 pm – Glen: No open positions in Nifty

16/07/19, 1:33 pm – Glen: Wait on sidelines to sell

16/07/19, 1:34 pm – Glen: Trend down don’t see much upside

17/07/19, 9:24 am – Glen: Good morning

17/07/19, 9:24 am – Glen: No open positions

17/07/19, 9:24 am – Glen: Wait for msg to trade

17/07/19, 10:36 am – Glen: 29 July USDINR Sell 68.75 Call 1 Part @ 0.29

17/07/19, 10:37 am – Glen: 28 Aug USDINR Sell 69.50 Call 1 Part @ 0.31

17/07/19, 10:39 am – Glen: Nifty no trade for now

17/07/19, 10:39 am – Glen: we don’t see Nifty sustaining higher but as of now we will have to wait for selling opportunity.

18/07/19, 9:23 am – Glen: Good morning

18/07/19, 9:24 am – Glen: 29 July Usdinr 68.75 put sell 1 part at cmp

18/07/19, 9:24 am – Glen: Nifty wait for trade

18/07/19, 12:20 pm – Glen: Nifty nothing to be done for now

18/07/19, 2:01 pm – Glen: 29 July Usdinr 68.75 put book profit and sell 29 July 69 Put 1 Part

18/07/19, 3:29 pm – Glen: Nifty has once again entered range and become sideways. ON the upper side towards 11900 we will sell for lower range targets of 11300

18/07/19, 3:30 pm – Glen: better to focus on the rupee trade than trying to force a trade in Nifty

19/07/19, 9:35 am – Glen: Good morning

19/07/19, 9:35 am – Glen: Hold positions as told

19/07/19, 9:35 am – Glen: Nifty wait for selling

19/07/19, 9:35 am – Glen: Will update as and when anything needs to be done

19/07/19, 9:41 am – Glen: 28 Aug Usdinr sell 68.50 Put 1 Part at cmp

19/07/19, 9:42 am – Glen: Nifty could see some more pullback

19/07/19, 9:42 am – Glen: Wait for appropriate level to short

19/07/19, 11:38 am – Glen: Intra day buy Nifty 1 part

19/07/19, 11:56 am – Glen: Close Nifty trade not moving as expected

19/07/19, 12:11 pm – Glen: 11600 Aug Call sell 1 part at cmp

19/07/19, 12:17 pm – Glen: Nifty July Sell 1 part

19/07/19, 12:18 pm – Glen: Total 2 parts Nifty July Fut 1 Part Short and Nifty  29 Aug 11600 Call Short 1 part