Going with the Intraday Mini-Flow!!

[rajendrani]

booked 1/4 at 3053

why bro, everything seems to be in good, so why booked now

 

[Sanira]

can anybody ask support & resistance level for nifty today ?.

thank you
sanira
:

 

[saturdaykid2001]

Dear friends,

I may be wrong; but booked half at 3050 - mainly because of round figure supports and resistances that we are seeing over the past few days...

Regards,

SK

 

[aabhi06]

cover 1/4 @ 3047

 

[segul]

covered 1/4 more at 3048

 

[rakeshluthra430]

so we have short at 3098
and add at 3059....

60min still long...mmmm...
MJ-

MJ,
Yes...still long there with stops at 2941. Though a lot of debated going on in the 60min thread abt the 2 bar rule.

Wish Saint could give his views there.

Rakesh

 

[Smart_trade]

Booked 1/4 at 3045

 

[segul]

why bro, everything seems to be in good, so why booked now

I must not bring it in here, but LVA of yesterday and nearing end of hour.

regards.

 

[kapil123]

can anybody ask support & resistance level for today ?.

thank you
sanira
:

Actually, Support and Resistance is a strategy for booking profits. If you are not comfortable or proficient in that, you can use strategies like booking part at 70 or 100 points (this is an example I am giving). But whatever strategy you choose you should stick to that. I am saying this because 70 points maybe means less profit than 100 points, but would give you more profitable trades. But it could happen that one day you book part profits at 70 points, but that day the market gives much more. So, next day you decide that ok I will book at 100 points only, but the market reverses after 80 points.

That is the reason that one should choose a profit booking strategy according to what you are comfortable with, but then stick to that.

 

[rajendrani]

profit booked for lt and reliance