following a mechnical system

[lasty66]

me short in banknifty fut from yersterday at 11338. still short in it.

Thanks ! same here was short at 11375 till 11.25 today....am long in banknifty at 11395 as of now.........

 

[SwapnilPatel]

I am long in hindalco since, 178, do you recommending booking profits?

 

[manoharpillai]

Look at SunTv chart every one was expecting big fall below 300 but according to this chart 305 was support exactly it took support there tomorrow may be other story for this stock.

 

[nilesh53333]

Hi nilesh.... is that a typo? that means u always expect rs.30k profit? 1200 pts on 1 lot banknifty...looks pretty tough rule of money management..

yes untill and unless i get 30000 rs i stay in 1 lot only. its pretty simple. :thumb:

 

[lasty66]

yes untill and unless i get 30000 rs i stay in 1 lot only. its pretty simple. :thumb:

on 30min or 1 hr tf chart it looks a little far fetched....maybe u use daily or weekly charts... do u?

 

[nilesh53333]

on 30min or 1 hr tf chart it looks a little far fetched....maybe u use daily or weekly charts... do u?

thanks for suggestion buy i have done my homework before trading. yaa but 30000 rs is little bit long target. but i can wait for 6 months to achive it. if it will achive earlier its my bouns. as last month i achieve in less than 2 month. so now i have added 1 lot. now trading in 1 banknifty and 1 nifty. :thumb: :thumb:

 

[lasty66]

thanks for suggestion buy i have done my homework before trading. yaa but 30000 rs is little bit long target. but i can wait for 6 months to achive it. if it will achive earlier its my bouns. as last month i achieve in less than 2 month. so now i have added 1 lot. now trading in 1 banknifty and 1 nifty. :thumb: :thumb:

Thanks... so u have open positions in 1 lot bnf and 1lot nifty...long or short?... since when...i want to check on my system ..pls

 

[manoharpillai]

I am long in hindalco since, 178, do you recommending booking profits?

Look at this chart this stock has fallen with more than normal volume also it could not penetrate the upper band that suggest the up move for this stock is come to an end Book profit if you get a chance or go short with stop loss of 197.

 

[nilesh53333]

Thanks... so u have open positions in 1 lot bnf and 1lot nifty...long or short?... since when...i want to check on my system ..pls

yes i am in short in nifty and banknifty from friday 3pm. booked couple of losses in last 3 to 4 trades.

 

[lasty66]

yes i am in short in nifty and banknifty from friday 3pm. booked couple of losses in last 3 to 4 trades.

Same here.... bnf fell almost 150 pts today..