Nifty Futures Update 13th Dec 2017

Nifty Futures Update 13th Dec 2017

Nifty is moving perfectly along expected lines. Most poeple were shorting the rally for the past few days but that was actually wrong as Nifty had shown signs of a sharp up move well before 6th of Dec 2017 or rather around 10150 Nifty level Nifty had clearly given signals that a very sharp pullback / upmove is coming very soon. Now Nifty yesterday made a high of 10329 on spot Nifty and today has shown some sign of weakness so will the down move begin now or will the market head for new high?

Part of what we have done since past few days is enclosed below.

16/11/17, 9:11 AM – Glen Drago: Gm
16/11/17, 9:12 AM – Glen Drago: Hold Silver 1 part long as told
16/11/17, 9:12 AM – Glen Drago: No open positions in Nifty for now
16/11/17, 9:12 AM – Glen Drago: Whenever we have to sell will update
16/11/17, 9:12 AM – Glen Drago: Be patient and wait for opportunity
16/11/17, 9:12 AM – Glen Drago: Ugar sugar hold as told
16/11/17, 9:12 AM – Glen Drago: Renuka sugar hold as told
16/11/17, 9:12 AM – Glen Drago: Will keep updating if anything has to be done
16/11/17, 9:13 AM – Glen Drago: Silver wait for msg to add longs
16/11/17, 12:29 PM – Glen Drago: If anything to do will update
16/11/17, 12:29 PM – Glen Drago: As of now just wait on sidelines
16/11/17, 1:24 PM – Glen Drago: Nifty sell 2 parts at cmp
16/11/17, 1:24 PM – Glen Drago: Confirmation Nifty sold 2 parts at cmp
16/11/17, 1:24 PM – Glen Drago: Will update if anything more needs to be done
16/11/17, 1:27 PM – Glen Drago: On further bounce will sell 2 more parts
16/11/17, 1:27 PM – Glen Drago: Confirmation 10224 sold 2 parts Nifty Nov Fut
16/11/17, 2:39 PM – Glen Drago: Nifty hold 2 parts shorts as told will update whenever we have to sell more
16/11/17, 6:10 PM – Glen Drago: Good Evening,
Nifty today did the pullback perfectly along expected lines. Yesterday itself we did see this situation and hence we had covered our shorts. Most of you were wondering why we had covered shorts, some of you had even asked me after looking at SGX was it wise to cut shorts and I had told you that wait for today.  Now the situation in 24 hours is exactly the opposite and people are asking me why are we short and some are even talking of new high but the point is yesterday itself we had mentioned this
“Currently we don’t have any open shorts and we will sell again on bounce or low risk entry point. We expect a bounce to come anytime which could be around 110-160 points”
Now the low made yesterday was 10094 and add 160 points to that is 10254 so we have more or less completed the pullback. The leading indicators of USDINR also reversed from lower side and crude oil also is nearly is ending its pullback. Keep in mind I am not suggesting for one minute that bullishness is not possible it is possible for that matter anything is possible but it is Important to trade level to level and purely analytically and not get carried away so as of now all our indicators are showing and indicating that today’s move which we were expecting was nothing but a pullback and please do not give any more meaning to it. Having said that if we see any change in charts we will exit shorts if we see change but as of now I do not think it is worth to discuss that.
Crude Oil will keep giving dips and so will USDINR and when they give dips our markets could see bounce backs (there is no one to one correlation but the probability of bounce increases) so as of now trend remains down. Where and when to add shorts I will keep updating.
God Bless and Good trading to you!
17/11/17, 9:05 AM – Glen Drago: Gm
17/11/17, 9:05 AM – Glen Drago: Hold positions as told
17/11/17, 9:05 AM – Glen Drago: I will update by 930
17/11/17, 9:25 AM – Glen Drago: Nifty Sell 2 More parts @ 10385 Nov Fut level SL for all 4 parts @ 10399
17/11/17, 3:18 PM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
17/11/17, 3:19 PM – Glen Drago: enjoy your weekend
18/11/17, 1:11 PM – Rajeev Mahajan added to the list
20/11/17, 9:06 AM – Glen Drago: Gm
20/11/17, 9:06 AM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
20/11/17, 9:06 AM – Glen Drago: Will update if anything needs to be done
20/11/17, 11:54 AM – Glen Drago: Silver hold 1 part long as told. Whenever we have to add will update. As of now silver is consolidating between 38-40 broadly speaking. Break out is imment in silver but wait for msg to add more
20/11/17, 11:54 AM – Glen Drago: Hold ugar sugar longs as told reiterate we see good time ahead for the company
20/11/17, 11:54 AM – Glen Drago: Nifty hold 2 parts shorts as told
20/11/17, 11:54 AM – Glen Drago: On any bounce we will sell more
20/11/17, 11:55 AM – Glen Drago: Keep sl of 10399 Nov Fut and hold for now
20/11/17, 11:55 AM – Glen Drago: As and when we have to sell more I will keep updating
20/11/17, 2:39 PM – Glen Drago: Hold positions as told
20/11/17, 2:39 PM – Glen Drago: Will update if anything needs to be done
20/11/17, 2:52 PM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
20/11/17, 3:06 PM – Glen Drago: Nifty Sell Part 3 Between 10342-10355 Nov Fut Levels mentions SL For all 3 parts 10399 Nov Fut Levels Mentioned
20/11/17, 3:07 PM – Glen Drago: If comes in that area then only we will be selling if does not come do not sell wait for price to come or else just hold 2 parts with 10399 Nov Fut as sl
20/11/17, 3:14 PM – Glen Drago: If tomorrow gaps below today’s low will be very good for us
21/11/17, 9:09 AM – Glen Drago: Gm
21/11/17, 9:10 AM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
21/11/17, 9:10 AM – Glen Drago: Nifty sell 3rd part between 10350-10360 Nov Fut level
21/11/17, 9:11 AM – Glen Drago: Sl for all shorts will be 10399 Nov Fut
21/11/17, 9:11 AM – Glen Drago: Hold ugar sugar longs
21/11/17, 9:11 AM – Glen Drago: Hold 1 part Silver long as told
21/11/17, 9:11 AM – Glen Drago: We will be adding silver shortly
21/11/17, 9:15 AM – Glen Drago: Nifty 3rd part active
21/11/17, 10:40 AM – Glen Drago: Nifty sell part 4 at 10385 Nov Fut
21/11/17, 10:40 AM – Glen Drago: Keep sl for all 4 parts at 10399 Nov Fut
21/11/17, 10:47 AM – Glen Drago: Nifty part 4 active
21/11/17, 10:47 AM – Glen Drago: Keep sl for all 4 parts at 10399 Nov Fut
21/11/17, 2:19 PM – Glen Drago: If anything needs to be done will update
21/11/17, 2:24 PM – Glen Drago: Nifty book profit in part 4 at 10350 (prefeed) Nov Fut level for sell done at 10385 and hold remaining 3 parts shorts with sl of 10399 Nov Fut level
21/11/17, 2:28 PM – Glen Drago: Nifty 4th part covered
21/11/17, 2:28 PM – Glen Drago: Confirmation Nifty 4th part covered
21/11/17, 2:29 PM – Glen Drago: Nifty hold 3 parts shorts with trailing sl of 10399 Nov Fut level
21/11/17, 2:29 PM – Glen Drago: Will keep guiding if anything needs to be done
21/11/17, 3:26 PM – Glen Drago: Nifty exit part 3
21/11/17, 3:26 PM – Glen Drago: Confirmation Nifty exited 3rd part at cost
21/11/17, 3:27 PM – Glen Drago: Nifty hold positional 2 parts shorts with 10399 sl
21/11/17, 3:27 PM – Glen Drago: Nov Fut level
21/11/17, 3:27 PM – Glen Drago: If anything else to do will update
21/11/17, 3:27 PM – Glen Drago: Confirmation only 2 parts Nifty open now
21/11/17, 3:27 PM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
22/11/17, 9:06 AM – Glen Drago: Gm
22/11/17, 9:06 AM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
22/11/17, 9:06 AM – Glen Drago: Will update if anything has to be done
22/11/17, 11:09 AM – Glen Drago: If anything needs to be done will update
23/11/17, 9:06 AM – Glen Drago: Gm
23/11/17, 9:06 AM – Glen Drago: Nifty Hold 2 Parts shorts with trailing SL 10399 Nov Fut Level
23/11/17, 9:07 AM – Glen Drago: Will update if anything needs to be done
23/11/17, 1:19 PM – Glen Drago: Hold positions as told
23/11/17, 1:20 PM – Glen Drago: Will update if anything needs to be done
24/11/17, 9:02 AM – Glen Drago: Gm
24/11/17, 9:03 AM – Glen Drago: Hold positions as told
24/11/17, 9:03 AM – Glen Drago: Will update if anything needs to be done
24/11/17, 9:03 AM – Glen Drago: Hold ugar sugar as told
24/11/17, 9:03 AM – Glen Drago: Reiterate see good time ahead for ugar sugar
24/11/17, 9:03 AM – Glen Drago: Silver hold 1 part long as told
24/11/17, 9:07 AM – Glen Drago: Will keep updating as and when anything needs to be done
24/11/17, 9:33 AM – Glen Drago: 10399 Nov sl as of now
24/11/17, 10:04 AM – Glen Drago: Exit shorts
24/11/17, 10:04 AM – Glen Drago: No open positions
24/11/17, 10:07 AM – Glen Drago: Nifty sell 2 part at cmp
24/11/17, 10:07 AM – Glen Drago: Confirmation Nifty sold 2 parts again
24/11/17, 10:08 AM – Glen Drago: Nifty sell 3rd and 4th part at 10397 sl 10407 spot Nifty levels mentioned
24/11/17, 10:14 AM – Glen Drago: Hold 2 parts shorts in Nifty with 10407 spot sl
24/11/17, 10:15 AM – Glen Drago: Sell 3rd and 4th part in Nifty at 10397 spot Nifty levels and all for all shorts will be 10407 spot level
24/11/17, 10:15 AM – Glen Drago: Will keep updating
24/11/17, 1:35 PM – Glen Drago: 3 and 4th part active
24/11/17, 1:35 PM – Glen Drago: 10407 spot sl
24/11/17, 1:35 PM – Glen Drago: Keep sl for all 4 parts at 10407
27/11/17, 9:01 AM – Glen Drago: Gm
27/11/17, 9:01 AM – Glen Drago: Keep sl for all 4 parts at 10407
27/11/17, 9:01 AM – Glen Drago: Nifty hold 4 parts with 10407 sl spot Nifty level
27/11/17, 9:01 AM – Glen Drago: Silver hold 1 part long as told
27/11/17, 9:02 AM – Glen Drago: Will update whenever we have to add silver
27/11/17, 9:02 AM – Glen Drago: Ugar sugar hold as told
27/11/17, 9:02 AM – Glen Drago: Renuka sugar hold as told
27/11/17, 9:02 AM – Glen Drago: Will update if anything needs to be done
27/11/17, 9:15 AM – Glen Drago: Nifty Book 3rd & 4th Part @ CMP & Hold rem 2 parts shorts.
27/11/17, 9:15 AM – Glen Drago: Confirmation Nifty 3rd & 4th Part booked
27/11/17, 9:15 AM – Glen Drago: Nifty continue holding 2 parts shorts as told
27/11/17, 9:16 AM – Glen Drago: Nifty Hold 2 Parts shorts & wait for further update
27/11/17, 9:16 AM – Glen Drago: Nifty Hold 2 parts shorts with trailing sl of 10407 spot Nifty level
27/11/17, 9:42 AM – Nikhil Sukhija removed from the list
27/11/17, 11:02 AM – Glen Drago: Nifty rollover 2 parts to Dec series
27/11/17, 11:02 AM – Glen Drago: Confirmation Nifty 2 parts rolled to Dec series
27/11/17, 11:02 AM – Glen Drago: Keep 10407 spot as SL
27/11/17, 11:02 AM – Glen Drago: For 2 parts Nifty shorts
27/11/17, 2:50 PM – Glen Drago: Hold Nifty 2 parts shorts as told with sl of 10407 spot Nifty level
27/11/17, 3:17 PM – Glen Drago: Hold for now
27/11/17, 3:17 PM – Glen Drago: Will update
27/11/17, 3:17 PM – Glen Drago: If anything has to be done
27/11/17, 3:17 PM – Glen Drago: Hold 2 parts Nifty shorts as told
27/11/17, 3:27 PM – Glen Drago: Hold 2 parts as told
28/11/17, 9:02 AM – Glen Drago: Gm
28/11/17, 9:02 AM – Glen Drago: Hold 2 parts Nifty shorts
28/11/17, 9:02 AM – Glen Drago: Will update if anything has to be done
28/11/17, 9:02 AM – Glen Drago: Ugar sugar hold as told
28/11/17, 9:02 AM – Glen Drago: Silver hold 1 part long as told
28/11/17, 9:02 AM – Glen Drago: Please note we have rolled positions to Dec series
28/11/17, 9:03 AM – Glen Drago: Renuka sugar hold remaining 75 percent qtt
28/11/17, 9:03 AM – Glen Drago: Renuka sugar hold remaining 75 percent Qty
28/11/17, 9:03 AM – Glen Drago: As and when anything has to be done in Renuka sugar will update
28/11/17, 9:21 AM – Glen Drago: Exit shorts
28/11/17, 9:21 AM – Glen Drago: Nifty confirmation exited shorts totally
28/11/17, 9:21 AM – Glen Drago: No open positions
28/11/17, 9:21 AM – Glen Drago: Will update whenever we have to sell again
28/11/17, 9:21 AM – Glen Drago: Be on sidelines for sometime
28/11/17, 9:23 AM – Glen Drago: Currently Nifty is choppy so no point holding positions I will update whenever we have to do anything
28/11/17, 1:15 PM – Glen Drago: If anything to do I will update
28/11/17, 1:15 PM – Glen Drago: As of now be on sidelines
29/11/17, 9:09 AM – Glen Drago: Gm
29/11/17, 9:10 AM – Glen Drago: No open positions in Nifty for now
29/11/17, 9:10 AM – Glen Drago: Wait for msg to trade
29/11/17, 9:10 AM – Glen Drago: Will keep updating as and when there is anything to be done
29/11/17, 11:56 AM – Glen Drago: Hold ugar and Renuka as told
29/11/17, 11:56 AM – Glen Drago: If anything to do in Nifty will update
29/11/17, 11:57 AM – Glen Drago: As of now be on sidelines
29/11/17, 8:36 PM – Glen Drago: Wait to add silver
29/11/17, 8:36 PM – Glen Drago: I will update whenever we have to buy silver
29/11/17, 8:36 PM – Glen Drago: Hold 1 part long in SILVER as of now
30/11/17, 8:58 AM – Glen Drago: Gm
30/11/17, 8:58 AM – Glen Drago: No open positions in Nifty for now
30/11/17, 8:58 AM – Glen Drago: Be patient and wait for break-down confirmation
30/11/17, 8:59 AM – Glen Drago: Ugar and Renuka hold as told
30/11/17, 8:59 AM – Glen Drago: Will keep updating if anything has to be done
01/12/17, 9:04 AM – Glen Drago: Gm
01/12/17, 9:04 AM – Glen Drago: Wait for msg to trade
01/12/17, 9:04 AM – Glen Drago: Be patient and wait on sidelines
01/12/17, 10:36 AM – Glen Drago: Nifty sell 2 parts at 10284 spot Nifty level
01/12/17, 11:07 AM – Glen Drago: Nifty sell 1 part below 10230 spot
01/12/17, 11:07 AM – Glen Drago: confirmation Nifty 1 part sell active
01/12/17, 11:07 AM – Glen Drago: wait for further msg
01/12/17, 11:07 AM – Glen Drago: to sell more
01/12/17, 11:55 AM – Glen Drago: 10254 spot Nifty sell part 2
01/12/17, 2:33 PM – Glen Drago: Nifty book profits at cmp
01/12/17, 2:33 PM – Glen Drago: Confirmation Nifty booked
01/12/17, 2:33 PM – Glen Drago: If anything else to do will update
01/12/17, 2:33 PM – Glen Drago: Enjoy your weekend
04/12/17, 9:11 AM – Glen Drago: Gm
04/12/17, 9:11 AM – Glen Drago: No open positions in Nifty
04/12/17, 9:11 AM – Glen Drago: Will keep updating as and when anything has to be done
04/12/17, 9:11 AM – Glen Drago: Silver hold 1 part long
04/12/17, 9:11 AM – Glen Drago: Will guide whenever we have to add
04/12/17, 9:12 AM – Glen Drago: Ugar sugar hold as told crushing season has started around the plant and we see good results for ugar from here expect 38-41 shortly
04/12/17, 9:12 AM – Glen Drago: Renuka sugar hold as told
04/12/17, 9:12 AM – Glen Drago: Will keep updating if anything else to do
04/12/17, 12:44 PM – Glen Drago: Wait for more pullback
04/12/17, 12:44 PM – Glen Drago: Be on sidelines
04/12/17, 12:45 PM – Glen Drago: As of now trend remains down but pullback can come more higher from here
04/12/17, 12:45 PM – Glen Drago: Whenever we get low risk entry point we will sell as and when deemed fit
04/12/17, 12:45 PM – Glen Drago: Be patient and wait till then
04/12/17, 5:48 PM – Viren Vora added to the list
04/12/17, 7:06 PM – Glen Drago: Silver but part 2 between 37600-37200
04/12/17, 7:06 PM – Glen Drago: Silver buy part 2 between 37600-37200
04/12/17, 7:06 PM – Glen Drago: Hold 2 parts longs in silver
04/12/17, 7:06 PM – Glen Drago: Will update if anything needs to be done
04/12/17, 7:09 PM – Glen Drago: Sorry but at cmp np
04/12/17, 7:09 PM – Glen Drago: 38200 near good level
05/12/17, 9:03 AM – Glen Drago: Gm
05/12/17, 9:03 AM – Glen Drago: If anything to do will update
05/12/17, 9:04 AM – Glen Drago: Be patient and wait for trade
05/12/17, 9:58 AM – Glen Drago: Hold ugar sugar as told. Reiterate we see ugar heading for 38-41 area shortly
06/12/17, 9:06 AM – Glen Drago: Gm
06/12/17, 9:06 AM – Glen Drago: Hold ugar sugar as told
06/12/17, 9:06 AM – Glen Drago: Nifty wait for credit policy   event to take place
06/12/17, 9:07 AM – Glen Drago: If anything else to do will update
06/12/17, 9:07 AM – Glen Drago: Renuka sugar hold as told
06/12/17, 9:07 AM – Glen Drago: Silver hold 2 parts longs as told
06/12/17, 9:07 AM – Glen Drago: Will keep updating
06/12/17, 11:41 AM – Glen Drago: Nothing to be done as of now
06/12/17, 11:41 AM – Glen Drago: Be on sidelines
06/12/17, 11:41 AM – Glen Drago: Wait for credit policy and bounce
06/12/17, 11:41 AM – Glen Drago: Momentum loss is suggesting sharp pullback is likely
06/12/17, 12:35 PM – Glen Drago: Ugar sugar hold as told
06/12/17, 2:07 PM – Glen Drago: Wait for credit policy post policy of anything to do will update
07/12/17, 9:05 AM – Glen Drago: Gm
07/12/17, 9:05 AM – Glen Drago: Hold ugar sugar as told.
07/12/17, 9:05 AM – Glen Drago: Hold 2 parts silver long as told
07/12/17, 9:05 AM – Glen Drago: Wait for msg to trade in Nifty
07/12/17, 10:47 AM – Glen Drago: if anything to do will update
07/12/17, 12:42 PM – Glen Drago: Nifty Buy Above 10130 spot Nifty levels mentioned
07/12/17, 1:46 PM – Glen Drago: Confirmation Nifty 2 parts active
07/12/17, 2:12 PM – Glen Drago: 10095 spot SL for longs. If Nifty starts moving higher with speed now we could see anywhere between 10410-10600. I am not suggesting that the rally will be sustainable but with Guj elections results which we expect 114 seats for BJP then we will be seeing the spike up
07/12/17, 2:12 PM – Glen Drago: keep sl and hold longs for now.
07/12/17, 2:12 PM – Glen Drago: I will keep updating as and when anything needs to be done
07/12/17, 2:13 PM – Glen Drago: From morning we have seen speed on the upside and post the speed we did see consolidation for few hours. If the speed resumes which means that smart money is expecting BJP to win the elections
07/12/17, 3:11 PM – Glen Drago: Nifty book 1 Part @ CMP
07/12/17, 3:11 PM – Glen Drago: confirmation Nifty booked 1 part at cmp
07/12/17, 3:12 PM – Glen Drago: Nifty continue holding remaining with trailing sl of 10095 spot Nifty levels
07/12/17, 3:12 PM – Glen Drago: Will keep updating if anything needs the be done
07/12/17, 3:13 PM – Glen Drago: Nifty hold long as told
07/12/17, 3:13 PM – Glen Drago: Will update if anything else to do
07/12/17, 3:16 PM – Glen Drago: Mallavv Nifty
08/12/17, 9:09 AM – Glen Drago: Gm
08/12/17, 9:09 AM – Glen Drago: Nifty hold long as told
08/12/17, 9:09 AM – Glen Drago: Whenever we have to add will update
08/12/17, 9:09 AM – Glen Drago: Silver hold 2 parts longs as told
08/12/17, 9:10 AM – Glen Drago: Whenever we have to add silver will update
08/12/17, 9:10 AM – Glen Drago: Ugar sugar hold delivery longs as told
08/12/17, 9:10 AM – Glen Drago: Renuka sugar hold longs as told
08/12/17, 9:10 AM – Glen Drago: Will keep updating if anything needs to be done
08/12/17, 10:42 AM – Glen Drago: Ugar sugar mallavv
08/12/17, 10:43 AM – Glen Drago: Ugar sugar book 50 percent qty for buy done between 22-24 and hold remaining longs for 38-41
08/12/17, 10:43 AM – Glen Drago: Confirmation Ugar sugar booked 50 percent qty for buying done at 22-24
08/12/17, 10:46 AM – Glen Drago: If anything else to do will keep updating
08/12/17, 11:01 AM – Glen Drago: Nifty Update. Nifty has been moving perfectly along expected lines. We were expecting this sharp move up and therefore we had covered all shorts at 10150 area last week itself and were waiting for a bottom confirmation signal which we did get yesterday. Also we now are seeing good speed as we have guided yesterday which means that Nifty is heading towards higher side targets from here. We will look to trade in and out as and when deemed fit for now it is important to hold existing longs and be patient for next trade. Positional longs continue till next update. Will keep updating if anything needs to be done.
08/12/17, 1:53 PM – Glen Drago: Enjoy your weekend TC
11/12/17, 9:03 AM – Glen Drago: Gm
11/12/17, 9:03 AM – Glen Drago: Hold positions as told
11/12/17, 9:03 AM – Glen Drago: Will update if anything needs to be done
11/12/17, 1:47 PM – Glen Drago: Nifty Hold Long as told
11/12/17, 1:47 PM – Glen Drago: on dip we will be adding more
11/12/17, 1:47 PM – Glen Drago: be patient and wait for opportunity to add more
11/12/17, 1:48 PM – Glen Drago: Nifty moving perfectly in line with our estimates
11/12/17, 1:48 PM – Glen Drago: Ugar sugar Hold remaining 50% qty as told
11/12/17, 1:48 PM – Glen Drago: Renuka sugar hold as told
11/12/17, 1:48 PM – Glen Drago: will keep updating if anything needs to be done
11/12/17, 1:49 PM – Glen Drago: there could be some consolidation around the current prices for a few days
11/12/17, 1:52 PM – Glen Drago: will update on silver in sometime
11/12/17, 2:48 PM – Glen Drago: Nifty book profits at cmp
11/12/17, 2:48 PM – Glen Drago: confirmation Nifty Booked profits
11/12/17, 2:48 PM – Glen Drago: wait for msg to trade again
11/12/17, 2:48 PM – Glen Drago: Confirmation No Open positions