SMART MONEY TRACKER

On Friday, June 12th, Nifty broke out of a consolidation zone with a gap-up opening, followed by the formation of strong green candles on both the price and MHAF charts. This movement also triggered a new buy signal. However, we did not immediately reverse our short-biased position because our predetermined reversal point was set at 24042. Since then, we have been waiting for this reversal point to be breached, which occurred yesterday, June 17th. On that day, Nifty began wit

Yesterday marked the weekly expiry at NSE, and Nifty reversed direction with consistent bullish momentum. The selling pressure that had pushed Nifty down to the 23100 level was effectively countered in the latter part of the session, allowing it to return to the support zone that had been breached the day before. The expiry session concluded with a daily gain of 120 points, forming a bullish hammer-like candle. Although the MHAF chart did not confirm a bullish reversal, it in

On 5th June, Nifty concluded the week in a consolidation phase with a bearish inclination. Although the day began with optimism, selling pressure emerged at the 23500 level, ultimately bringing Nifty down to close at 23366 by the end of the session. The MHAF chart supported this perspective, showing a red candle with an upper wick, albeit not very strong. However, on 8th June, this view was reinforced with a gap down opening in Nifty by 290 points. Interestingly, this signifi

On June 2nd, Nifty showed a significant upward movement beginning at midday. Initially, the market opened with a substantial gap down of approximately 150 points but began to recover from these low levels. The bullish trend was maintained throughout the day, resulting in a net gain of 100 points by the close. However, it appears that this entire move was orchestrated for the weekly NSE expiry management, as Nifty required additional time to fully adjust to the steep decline e

On June 1st, buoyed by positive signals from global events, Nifty attempted to kick off the week with a bullish surge. It opened with a gap up of over 100 points and climbed an additional 80 points, but could not sustain this momentum as FII selling pressure emerged. Persistent selling pressure dominated for the rest of the day, bringing Nifty down to near 23350 before closing at 23382 for the trading session. The MHAF chart reinforced this bearish trend by producing a promin

On Friday, 29th May, Nifty experienced a sudden reversal towards the end of the day, signaling the first trend change for the new June series. After closing all trades in the May series with a small profit, we had been anticipating the emergence of a new trend, which appeared to occur on Friday. Nifty formed a strong bearish candle, closing near the day's low, and the MHAF candle also confirmed the reversal. The sell trigger for the day was set at 23,701. However, in this str

This month, we deviated from the standard rules of trading our MHAF strategy due to an error described in the previous blog post. We were waiting for an opportunity to exit all open trades without incurring significant losses. Analyzing a shorter timeframe chart, we believed the short-term trend was bullish. Since we had a positive position delta, we thought it wise to wait for Nifty to reach the 23830-40 zone again. Yesterday, Nifty provided an opportunity by retesting 23830

On 6th May, near closing time, we went long using this strategy by buying Nifty futures at 24434 and simultaneously shorting the 24500 CE at Rs 325. On 8th May, Nifty closed at 24177, while our pre-decided BE point to reverse the setup was 24105. However, on 11th May, Nifty opened with a gap down at 23970 and continued to slide lower, giving us no chance to reverse our position to the short side by squaring off at 24105. We could have taken this action at the market open arou

On May 6th, Nifty attempted to exit a consolidation phase with an upward breakout, forming a significant long green candle. Nifty closed at 24,330, exceeding our buy trigger value of 24,227 for that day, as indicated in the spreadsheet below. It also clearly closed above the EBR/EBL band, and the MHAF candle was strongly bullish by the day's end. Consequently, we went long near the market close by establishing a covered call position. We purchased Nifty May futures at 24430 a

On April 23rd, the Nifty 50 confirmed the minor reversal observed on April 22nd with a significant gap down opening of 175 points. In the early hours, there was an attempt to surpass 24,300 on the upside, but the momentum couldn't be maintained. Gradually, Nifty drifted downward and lingered around 24,200 for an extended period before eventually losing the 24,200 support level, closing the day at 24,173. The closing validated two aspects: a definitive break from the EBR/EBL b