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Originally Posted by Sunil
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some charts would help buddy...
please mention your preferred timeframe, too...
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This is yesterday's daily chart. Gave me enough confidence to buy 30 lots of 4600 put and 5000 call. Exited all but 10 lots of 5000 calls which is free now. The other positions gave very decent returns.
This is the weekly chart. Its showing signs for a buildup for a GB 100 trade. We need 6 bars below the zero line for a confirmed down trend and so far we have 2. If NF gets a positive closing next week then the pattern will be start taking shape. The upper chart suggest we entered the bearish phase and might test the floor.
Intraday i trade 1min for the first 20 min and then shift to 3min TF after that for the rest of the day. I look at 15 min chart to take options trade. For carry forward trades, i prefer daily and weekly.