Nifty Prediction 6-4-2021

Nifty prediction for tomorrow as we had predicted sharp pullback did come however since the trend is down we did see a sharp downside today. Overall trend is down and only on pullbacks short selling must be done at appropriate resistance/ We were short-selling bank nifty aggressively and that worked very well for us today since it is weaker than nifty in the near term

Part of what we did

[09:07, 4/1/2021] Glen Drago: Good morning
[09:07, 4/1/2021] Glen Drago: Hold positions as told
[09:07, 4/1/2021] Glen Drago: Will update as and when anything needs to be done
[10:49, 4/1/2021] Glen Drago: no quality trade as of now. Hold existing Nifty shorts
[10:53, 4/1/2021] Glen Drago: Bank nifty if we get good resistance area with small risk we will take that but be patient for that
[11:06, 4/1/2021] Glen Drago: Bank Nifty sell at 33360 spot level mentioned
[11:55, 4/1/2021] Glen Drago: Bank Nifty active
[12:22, 4/1/2021] Glen Drago: Bank Nifty book 50 percent
[12:23, 4/1/2021] Glen Drago: Confirmation Bank Nifty booked 50 percent at 33260 spot
[12:23, 4/1/2021] Glen Drago: Trail remaining qty to cost and hold
[13:03, 4/1/2021] Glen Drago: Will update whenever we have to take a fresh trade
[13:26, 4/1/2021] Glen Drago: Bank Nifty sell 33610 sl spot
[13:26, 4/1/2021] Glen Drago: confirmation bank nifty sold at 33560 sl 33610 spot
[13:28, 4/1/2021] Glen Drago: we will keep trying small sl entries for bank nifty as we see 31200 coming here once this pullback ends
[13:28, 4/1/2021] Glen Drago: strictly trade as per msg
[13:29, 4/1/2021] Glen Drago: bank nifty 33470 (prefeed) spot cover 50% spot level mentioned for sell done at 33560
[13:31, 4/1/2021] Glen Drago: confirmation 33470 spot booked 50% shorts done at 33560 spot now trail rem qty to 33610 spot and hold
[13:31, 4/1/2021] Glen Drago: now trail this 50% qty to 33610 spot and hold
[13:35, 4/1/2021] Glen Drago: reiterate bank nifty is weaker and will head for 31200 Nifty will test 14000-13800 but volatility and counter-trend moves will keep happening please strictly follow msg and trade
[14:19, 4/1/2021] Glen Drago: Positional trade Bank Nifty sell at 33800 & 34000 sl 34100 target 31200 spot levels mentioned
[14:20, 4/1/2021] Glen Drago: bank nifty part 1 active
[14:20, 4/1/2021] Glen Drago: Nifty hold shorts as told
[14:25, 4/1/2021] Glen Drago: Expect pullback to end around these levels

Bank Nifty 31200 target

Nifty 14000-13800 target
[14:27, 4/1/2021] Glen Drago: Bank Nifty Hold 1 Part short as told
[14:27, 4/1/2021] Glen Drago: Nifty Hold 2 parts shorts as told
[14:59, 4/1/2021] Glen Drago: Bank nifty book 50% at 33610 spot level and hold rem 50% qty with 34100 as sl spot levels mentioned
[15:19, 4/1/2021] Glen Drago: Bank Nifty Hold 1 Part short as told
[15:19, 4/1/2021] Glen Drago: Nifty Hold 2 parts shorts as told
[15:22, 4/1/2021] Glen Drago: Bank Nifty 31200 target

Nifty 14000-13800 target
[15:22, 4/1/2021] Glen Drago: hold shorts as told
[11:08, 4/2/2021] Glen Drago: Silver buy between 64100-63700 sl 63600
[11:10, 4/2/2021] Glen Drago: Gold buy 45200-4500 sl 44900
[11:11, 4/2/2021] Glen Drago: Gold buy 45200-45000 sl 44900
[14:39, 4/2/2021] Glen Drago: Gold near term bottom is in place. Near term target should be around 46100 or 1786 we will review Gold again at around 46100 if major is turning up or this is just a minor pullback from being very oversold

Gold buy 45200-45000 sl 44900

Silver also, near term bottom is in place. Near term target should be around 66900 we will review silver again around 67000 if major is turning up or not

Silver buy between 64100-63700 sl 63600

Bank Nifty is about to make a lower top now it does it on Monday or Tuesday different story but will make a lower top and head for 31200 spot level. We will add shorts on rise at appropriate level. Eventually bank nifty will come to 24000 also and then we will review it there what needs to be done

Nifty also, should make a lower t…
[09:01, 4/5/2021] Glen Drago: Good morning
[09:01, 4/5/2021] Glen Drago: Hold positions as told
[09:01, 4/5/2021] Glen Drago: Will update as and when anything needs to be done
[09:01, 4/5/2021] Glen Drago: Request please do not over trade
[09:15, 4/5/2021] Glen Drago: Bank nifty book 50% at cmp
[09:15, 4/5/2021] Glen Drago: confirmation bank nifty booked 50% at 33500 spot level
[09:17, 4/5/2021] Glen Drago: Positional trade update Bank Nifty shorted at 33800 booked 50% at 33500 now trail rem 50% to 33800 and hold shorts as told
[09:17, 4/5/2021] Glen Drago: Nifty hold shorts as told will update as and when anything needs to be done
[10:07, 4/5/2021] Glen Drago: nifty 14700 shorts book profit at cmp
[10:07, 4/5/2021] Glen Drago: confirmation Nifty 14700 spot shorts done book profit here
[10:07, 4/5/2021] Glen Drago: hold Nifty 14330 shorts done
[10:08, 4/5/2021] Glen Drago: Bank nifty hold rem 50% shorts done at 33800 with 33800 trailing sl
[10:08, 4/5/2021] Glen Drago: Bank nifty hold rem 50% shorts done at 33800 with 33800 trailing sl spot level mentioned
[10:09, 4/5/2021] Glen Drago: reiterate bank nifty heading for 31200 spot Nifty should come around 14000 spot levels hold shorts for now as told
[10:12, 4/5/2021] Glen Drago: Nifty trade summary 14700 shorts and 14330 shorts. 14700 shorts booked at 14600 net adjusted cost for 1 part shorts 14440 spot level hold this 1 part now as told
[10:14, 4/5/2021] Glen Drago: Bank Nifty trade summary shorted at 33800 1 part booked 50% at 33500 and now hold rem 50% with 33300 spot sl
[11:38, 4/5/2021] Glen Drago: Hold Nifty 1 Part short
[11:39, 4/5/2021] Glen Drago: Hold Bank Nifty remaining 50 percent short qty as told
[11:39, 4/5/2021] Glen Drago: Will update as and when anything needs to be done
[12:11, 4/5/2021] Glen Drago: Bank Nifty 31200 Nifty 14000 this is where we are heading but pullbacks will come on pullbacks we will sell if we get low risk points wont force trades where there are none good step ups please don’t over trade
[12:12, 4/5/2021] Glen Drago: Gold buy 45200-45000 sl 44900
[12:12, 4/5/2021] Glen Drago: Silver buy between 64100-63700 sl 63600
[14:19, 4/5/2021] Glen Drago: One pullback ends we see next downside starting going to our targets area of 14000 and 31200
[14:22, 4/5/2021] Glen Drago: Just hold shorts if anything low risk we will guide
[14:45, 4/5/2021] Glen Drago: Nifty Hold 1 Part short as told
[14:46, 4/5/2021] Glen Drago: Bank Nifty hold rem 50% qty shorts as told
[14:46, 4/5/2021] Glen Drago: Nifty net cost 14440 for 1 part and Bank Nifty next cost for 50% of part1 33800 spot levels mentioned. Hold as told. reiterate nifty 14000 and bank nifty 31200 tgt

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 at all times. Those interested in longer-term investing can have a click here

Regards,

Glen Drago

www.mallavv.com

95 6316 6316