Intraday Trading
- Thread starter kthakker0
- Start date
- Tags daily trading intraday swing nifty futures
21/09/2012 Friday
Hi all,
The fall did not last long but nevertheless we have earned share of profits.
Today's open near the high of the range signaled that a rally was planned.
So a SL for shorts at 5585 (Range High) was activated and a reverse Long entry was signaled with 5568 as the SL for the long.
As long as NF is trading above 5626 it's a deemed rally and breaching previous high of 5670 does signal rally as of now.
NF trading above 5626, the targets are 5665, NF sustained trading above 5665 signals to go for the trading range of 5685 - 5725 with 5705 as the main level.
Market is now driven by news and hope that the gov will last it's term and expectations of further growth are fueling the market to rally.
Or this can be the last ditch attempt to take whatever comes in hand or the rally is certain. We will again wait to see what happens.
By now every one knows that caution is our most important ally. And profits our Soul.
5725
Above 5725, 5745+ is the place to book profits for today
Bye.
Hi all,
The fall did not last long but nevertheless we have earned share of profits.
Today's open near the high of the range signaled that a rally was planned.
So a SL for shorts at 5585 (Range High) was activated and a reverse Long entry was signaled with 5568 as the SL for the long.
As long as NF is trading above 5626 it's a deemed rally and breaching previous high of 5670 does signal rally as of now.
NF trading above 5626, the targets are 5665, NF sustained trading above 5665 signals to go for the trading range of 5685 - 5725 with 5705 as the main level.
Market is now driven by news and hope that the gov will last it's term and expectations of further growth are fueling the market to rally.
Or this can be the last ditch attempt to take whatever comes in hand or the rally is certain. We will again wait to see what happens.
By now every one knows that caution is our most important ally. And profits our Soul.
5725
Above 5725, 5745+ is the place to book profits for today
Bye.
Last edited:
21/09/2012 Friday
Hi all,
NF has not only sustained our important level of 5626 but is now trading above 5700 (the previous high)
So now I'll go for 5782 with 5705 as the SL level for all my intraday longs with a small resistance at 5745.
As long as the rally is smiling play along and earn from it.
Bye
Hi all,
NF has not only sustained our important level of 5626 but is now trading above 5700 (the previous high)
So now I'll go for 5782 with 5705 as the SL level for all my intraday longs with a small resistance at 5745.
As long as the rally is smiling play along and earn from it.
Bye
21/09/2012 Friday
Hi all,
At the time of opening even I did not anticipate NF to touch 5735 today, but we knew that Congress and Bulls would not give up the fight so easily and so we were prepared for the same.
With an initial loss of 20-25 odd for point of carry forward trade, we have made a profit of 100 points by going long at 5585 and above.
For today, (I presume) the show is over. NF closing above 5705 will signal the stem to reach 5782 level.
Just Now
Intraday chart has shown a new range of 5680 - 5860. Intraday charts are very subjective.
Bye
Hi all,
At the time of opening even I did not anticipate NF to touch 5735 today, but we knew that Congress and Bulls would not give up the fight so easily and so we were prepared for the same.
With an initial loss of 20-25 odd for point of carry forward trade, we have made a profit of 100 points by going long at 5585 and above.
For today, (I presume) the show is over. NF closing above 5705 will signal the stem to reach 5782 level.
Just Now
Intraday chart has shown a new range of 5680 - 5860. Intraday charts are very subjective.
Bye
Last edited:
22/09/2012 Saturday
Hi all,
Friday's opening to close have trapped most of the sellers on the wrong foot and they might be licking their wounds till now.
NF opening near the high of our Trading range signaled that a rally was about to take place, and so all the shorts were reversed and longs were initiated above 5600
5626 was taken out very easily and by 11 NF had traded above 5671 which again signalled a new range of 5685-5725, which was used to maximize our profit.
SBI is again the 1st PSU Bank to cut it's Benchmark Prime Lending Rate. This is an indication that RBI is mulling to cut the Benchmark rate in it's Oct Credit policy review meet.
The road is been set by Congress to propel market higher up to get rid of it's non-profitable PSU's in the market and to garner about 15000 crore Rupees to bridge the Fiscal Deficit.
This will work in these ways
With all the things in favor of rally why should we be left behind, instead with our very tight SL level we are always at the forefront to snatch the opportunity as and when it shows up.
Monday's range is 5705 - 5547 with 5626 as the trend setter.
Bye
Hi all,
Friday's opening to close have trapped most of the sellers on the wrong foot and they might be licking their wounds till now.
NF opening near the high of our Trading range signaled that a rally was about to take place, and so all the shorts were reversed and longs were initiated above 5600
5626 was taken out very easily and by 11 NF had traded above 5671 which again signalled a new range of 5685-5725, which was used to maximize our profit.
SBI is again the 1st PSU Bank to cut it's Benchmark Prime Lending Rate. This is an indication that RBI is mulling to cut the Benchmark rate in it's Oct Credit policy review meet.
The road is been set by Congress to propel market higher up to get rid of it's non-profitable PSU's in the market and to garner about 15000 crore Rupees to bridge the Fiscal Deficit.
This will work in these ways
- Market is happy and so are the participants (You me and every one)
- Non profitable PSU's are taken care of in a legitimate way.
- Fiscal deficit get's managed and
- Foreign Rating Agencies will take a break for time being before re-looking at India's rating.
With all the things in favor of rally why should we be left behind, instead with our very tight SL level we are always at the forefront to snatch the opportunity as and when it shows up.
Monday's range is 5705 - 5547 with 5626 as the trend setter.
Bye
Hi,
There are two types of trend, traders and investors will take advantage of the prevailing trend as per their trading style.
NF trading above or below the trend setter level tell's me what the intraday trend is. And combining this knowledge with Main Trend makes it a bombastic opportunity that most of the times never fail.
It's the intraday trend setter plus the levels that I forecast gives me the opportunity to initiate trade and / or book profit and that's where I make my money.
I corner my profits from 3 sides thru
Bye
There are two types of trend, traders and investors will take advantage of the prevailing trend as per their trading style.
- The Main Trend and
- The Intraday Trend
NF trading above or below the trend setter level tell's me what the intraday trend is. And combining this knowledge with Main Trend makes it a bombastic opportunity that most of the times never fail.
It's the intraday trend setter plus the levels that I forecast gives me the opportunity to initiate trade and / or book profit and that's where I make my money.
I corner my profits from 3 sides thru
- Main Trend
- Intraday Trend / Trend Setter
- Levels (Trigger, Target and SL)
Bye
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