Day Trading Futures

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a1b1trader

Well-Known Member
My observations for NS
No expected time for targets.

1. If moves above 6510/15 and does not sustain, can reach 6485

2. If moves above 6520/30 and does not sustain can reach 6470

3. If moves over 6600 and does not sustain can reach 6450

One can use NF levels, accordingly.

Use proper SL/TSL
Take care
A friend of mine asked,
Suppose for 2, if we didnt sustain over 6520/30 NS then will we fall straight to 6470.

My answer was
No, not necessary,
It may or may not.

NS can fall straight to 6470
OR
It can take any level, in between (like 6510/15 in this case), to move up again.
 

niftyoption

Well-Known Member
Thought for the Day

The first rule of trading --- there are probably many first rules - is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand

Bruce Kovner ( Great Trader )
 

a1b1trader

Well-Known Member
Some more observations

If NF falls to 6495/85 levels and tries to bounce, can bounce to 6520/25

If NF falls to 6460/50 levels and tries to bounce, can bounce to 6535/45

Keep proper SL/TSL
Take care
 
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