Long or Short Opinion

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C

crown

Well-Known Member
#2,002
#2,002
congrats Rajput bhai
Axis is down
low 1312
 
K

kingfisher3210

Active Member
#2,005
#2,005
Well, Nifty Future is quite a complex instrument to day trade. After 12:30 P.M, most of the times NF is simply a clone of Europe markets like FTSE 100.

Nothing bad in it..because FTSE 100 or Europe markets also follow Dow Jones/ US markets during last 2 hour of their closing.

But this is a quite challenge. Until and Unless, you do not know the Europe market directions, day trading NF can be tough.

Europe opening has its own mindset which NF traders needs to learn. Example: On Aug 2, before Europe opened, Global Banking Giant BNP paribas gave spectacular results which fueled opening rally in Europe and NF followed it- See NF graph of Aug 2 and afternoon spike.

So, wanna ask how nifty day traders are handling the Europe market openings?
 
C

crown

Well-Known Member
#2,007
#2,007
rajputz said:
well answer is simple...Shift to stocks, which have particular direction if studied properly...I did the same...Works for me...Working on signal rather then assumption...
Click to expand...
thanks bhai
there is always something to learn with you
:clap:
 
R

rajputz

Well-Known Member
#2,008
#2,008
As of last friday Nifty has reversed at 5444. I have been tracking performance of this method for last few days on real time. These are the results...Some tweaks are still needed. Check and Comment.

 
R

rajputz

Well-Known Member
#2,009
#2,009
Relcapital is again looking weak. Below the mentioned stoploss of Praveen bhai in earlier posts it can zoom to downside. Keep a close eye on the levels 777 and 798. High or low break can give new high and low to us. Well looking at oscillators, i find it weak. So my coins are not in going long. Once it closes below 777, will short it. Please check the charts: -






 
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