Minifty

[vijayinvitesk]

Stop and reverse 5317.90

 

[sumosanammain]

Stop and reverse 5317.90

Can I make a small suggestion? The markets have a propensity to reverse from 17 to 19 levels, and I have found it to be better to enter at 20.25. Still the danger exists at around 26. These levels are very sensitive, I dont know why.

Often I have had positions reverse from 26 levels. And from 15 to 19 levels. These are values checked over a long time.

 

[marimuthu13]

Stop and reverse 5317.90

Sir,
In your blog, there is no updation for last two days trade..i have been following your trades..kindly help..

 

[vijayinvitesk]

Sir,
In your blog, there is no updation for last two days trade..i have been following your trades..kindly help..

I am lil busy with work this week. So many things came. Will update them regularly. Thanks for following my blog.

 

[vijayinvitesk]

Can I make a small suggestion? The markets have a propensity to reverse from 17 to 19 levels, and I have found it to be better to enter at 20.25. Still the danger exists at around 26. These levels are very sensitive, I dont know why.

Often I have had positions reverse from 26 levels. And from 15 to 19 levels. These are values checked over a long time.

Will observe this in from now on and adjust accordingly. Thanks

 

[sumosanammain]

Will observe this in from now on and adjust accordingly. Thanks

It turned at 5319 again today

 

[vijayinvitesk]

It turned at 5319 again today

Are you talking abt nifty spot? Nifty future infact went till 5337 right? What do you mean by it turned at 5319. I guess you are not saying it reversed at 5319.

 

[sumosanammain]

Are you talking abt nifty spot? Nifty future infact went till 5337 right? What do you mean by it turned at 5319. I guess you are not saying it reversed at 5319.

It fell from 5336 upto 5305, and bounced upto 5319, at 1:15:00 pm, and then reversed from there to 5293. I am talking of Nifty Future

 

[trader.trends]

It fell from 5336 upto 5305, and bounced upto 5319, at 1:15:00 pm, and then reversed from there to 5293. I am talking of Nifty Future

Sumo, are you not seeing what you want to see?? It went from LOD to HOD crossing 5319, it did not turn there, It fell from 5336 passed through 5319 and did not turn there but fell to 5308 and then it touched 5319 and then turned down to 5293! One out of three times it turned at 19.

 

[sumosanammain]

Sumo, are you not seeing what you want to see?? It went from LOD to HOD crossing 5319, it did not turn there, It fell from 5336 passed through 5319 and did not turn there but fell to 5308 and then it touched 5319 and then turned down to 5293! One out of three times it turned at 19.

Its valid only on the way up for going long. It turned 1 out of 2 times. And am not recommending leaving the trade. Get in at 22.

At 11:25, it again hesitated even at 22, going down till 13, then went upto 36.
If you can avoid a stop loss of 15 points by giving 3 points extra, I think its sensible. Rest is upto you

And I appreciate your comment that I may be seeing what I want to see, not for this scenario, but for some other problem levels I am struggling with, Like going short in the 07 , 05 areas, and going long in the 04 to 14 areas.

The propensity of the markets to turn from these levels is keeping me from increasing my trade size.