SMART MONEY TRACKER

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

On Monday, April 13th, the optimism surrounding a potential long-term ceasefire vanished following a sudden announcement by the American president about a complete blockade of the Hormuz Strait. This announcement over the weekend dampened the global appetite for risk, causing shockwaves in every market. Nifty opened with a gap down of 460 points at 23,590 but quickly began to recover. Throughout the day, it continued to rise, aided by some fresh positive signals from the war

Today, Nifty exhibited a robust bullish reversal from Thursday's subdued sentiment. It opened 105 points higher and sustained the momentum, currently standing 285 points above its previous close. The MHAF chart is showing a bullish trend with a strong green candle formation and a lower shadow. However, we were waiting for our profit booking level. According to our strategy, we planned to book profit and close all positions when 80% of the maximum profit was attainable. Today,

On April 8th, following a ceasefire announcement between Iran and America and the assurance of reopening The Strait of Hormuz, global risk appetite surged. The Nifty 50 opened with a 730-point gap up, leaving everyone wondering if this strong move would hold. Surprisingly, Nifty maintained its strength at that level for a consistent period and gained even more momentum as the day went on. By the close, Nifty was just below the day's high of 24025 and slightly under 24000. As