Swing Trading

Nifty weekly prediction | 05 Sept Expiry Trade

Today First day of Expiry NIFTY opened strong and infact in last few minutes of Trading session huge volume has been noticed as per my NIFTY prediction though I havent made any position so far waiting for some more conformation. For  NIFTY level prediction I use Trading view Chart and opstra for last week NIFTY Expiry Trade details click this link

 

nifty chart

30 Aug (Day-01) # It was strong opening and NIFTY maintained it throughout the day, didnt make any position waiting for some more confirmation

02 Sept (Day-02) # It was Gap up opening ( open & high were equal) then Nifty start correcting, I am focusing on 25200 Level if tomorrow NIFTY respects this level I will make Long position and if it doesnt I will Short NIFTY

03 Sept (Day-03) # Again it was a range bound day just like yesterday(Refer chart for more details)

nifty chart

04 Sept (Day-04) # It was gap down opening due to weak global cues, waited for some recovery and around 10.30 made a long position ( taken almost 2% risk of capital) Refer Screeshot for Trade details ( sold 25200 PE & bought 25100 for hedging)

credit spread

05 Sept (Day-5) # Market opened strong then come expiry pressure on closing basis, Refer Screen shot for Result

Status of ITM CE

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