Future Stocks & Nifty trade level guidance

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narritu

New Member
#943
#943
Re: Future Contracts Trade Level and Guidance

krgramesh said:
Dear All

uture & Equity -- Level and Guidance for NOV 1
Click to expand...
Dear Ramesh ji,

Today I wanted to trade in TATAMOTORS. Your sell below level was 1186.80. and S1 level was was 1181.90. The market price went down to 1181 that meant it broke the R1 level. At this time how I can place Sell order at 1186.90 which will never be executed. Price of this scrip went down to 1141. Ultimately I could not trade in this scrip. Kindly guide me what went wrong or my understanding of your levels is not proper. I am sure my understanding must be wrong therefore kindly guide me so that I do not make such mistakes in future. I am sure your response to above will be useful to many of the Traderji members.

With Regards
narritu
 
krgramesh

krgramesh

Well-Known Member
#944
#944
Re: Future Contracts Trade Level and Guidance

narritu said:
Dear Ramesh ji,

Today I wanted to trade in TATAMOTORS. Your sell below level was 1186.80. and S1 level was was 1181.90. The market price went down to 1181 that meant it broke the R1 level. At this time how I can place Sell order at 1186.90 which will never be executed. Price of this scrip went down to 1141. Ultimately I could not trade in this scrip. Kindly guide me what went wrong or my understanding of your levels is not proper. I am sure my understanding must be wrong therefore kindly guide me so that I do not make such mistakes in future. I am sure your response to above will be useful to many of the Traderji members.

With Regards
narritu
Click to expand...
In this case of Tatamotors the price is is not crossed the trend level and sustained above the trend, in this case we can execute the sale and keep the stop loss @ 1200.5 which is very much below 'buyabove", this will certainly yield you.. as we aware that we are trading with uncertainty and try to make somewhat certain by way of some application and strategies. Before go-in for trade try to apply the strategy.
 
N

narritu

New Member
#945
#945
Re: Future Contracts Trade Level and Guidance

krgramesh said:
In this case of Tatamotors the price is is not crossed the trend level and sustained above the trend, in this case we can execute the sale and keep the stop loss @ 1200.5 which is very much below 'buyabove", this will certainly yield you.. as we aware that we are trading with uncertainty and try to make somewhat certain by way of some application and strategies. Before go-in for trade try to apply the strategy.
Click to expand...
Dear Ramesh ji,

Thanks for fast reply. Now I have understood that I could have executed the sell at Sell Below price of 1186.80 or at 1181 which is less than S1 level of 1181.90.

But I failed to understand your mention of "keep stop loss @ 1200.5". Since I have executed the order at Sell Below level (which in fact I did not do because of my earlier understanding), I have to keep stop loss @ 1191.40 which is mentioned in your EQ guide levels under SL column in case of price below Trend.

Kindly advise.

With Regards
narritu
 
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