Nifty Futures Positional Trading

[jamit_05]

Market is likely to head-up after 1 p.m. Am betting my money on it

Going long at 5638.15; SL 8 points. Initial target is 5655; Will watch momentum.

 

[Option.Trader]

Market is likely to head-up after 1 p.m. Am betting my money on it

Going long at 5638.15; SL 8 points. Initial target is 5655; Will watch momentum.

Catching a falling knife? 5628 NF, are you out? Or are you hoping this is bottom. Our behavior makes such a big part, you had a rocking short, but internally all of us like things going up, you are continuously trying to buy, either call spreads, or bottom fishing

 

[jamit_05]

Catching a falling knife? 5628 NF, are you out? Or are you hoping this is bottom. Our behavior makes such a big part, you had a rocking short, but internally all of us like things going up, you are continuously trying to buy, either call spreads, or bottom fishing

Earlier entry never got a fill, filters came in handy.

Bot now at 5638.25 NF SL 10 points entered with 50% risk. Will wait till 2.15.

Will add more above HOD.

It is very important to get entries at the right time. I do not think it is a falling knife anymore. Spot has not made a naked close in last four days. Only today took on a bearish tone, which is likely to be reversed from looking at the intraday chart. Lets see.

 

[Option.Trader]

Earlier entry never got a fill, filters came in handy.

Bot now at 5638.25 NF SL 10 points entered with 50% risk. Will wait till 2.15.

Will add more above HOD.

It is very important to get entries at the right time. I do not think it is a falling knife anymore. Spot has not made a naked close in last four days. Only today took on a bearish tone, which is likely to be reversed from looking at the intraday chart. Lets see.

5625 now, this is ideal falling knife scenario. I am with you on entry, but not on stop loss

 

[jamit_05]

5625 now, this is ideal falling knife scenario. I am with you on entry, but not on stop loss

I am out of that position. 10 point hit taken.

 

[Option.Trader]

I am out of that position. 10 point hit taken.

Falling knife indeed

 

[Option.Trader]

Earlier entry never got a fill, filters came in handy.

Bot now at 5638.25 NF SL 10 points entered with 50% risk. Will wait till 2.15.

Will add more above HOD.

It is very important to get entries at the right time. I do not think it is a falling knife anymore. Spot has not made a naked close in last four days. Only today took on a bearish tone, which is likely to be reversed from looking at the intraday chart. Lets see.

Entry is not the key, if you get a trend that's good enough, like when you got @5980, ideally you should have got in at 6080 (fibo) level, but it really didn't matter when you entered at the end

 

[jamit_05]

Tomorrow is another day. Will seek sane setups to go long.

There was a similar fall in Feb '13. After such a big down bar market turned up to go 250 points in 6 days, which I was able to cash-in on. Will try and see if a similar thing can be done with this bar.

 

[Option.Trader]

Tomorrow is another day. Will seek sane setups to go long.

There was a similar fall in Feb '13. After such a big down bar market turned up to go 250 points in 6 days, which I was able to cash-in on. Will try and see if a similar thing can be done with this bar.

5567 on Nifty future could be that level.. not sure on a cover rally to that extent until Raghuraman gives a rate cut the day he takes office...
This is where you can really play options.. it has inbuilt stop loss.. with the same margin amount you can take a OTM call and if you are sure of the rally, the premium is your stop loss.. simple trade.. say for eg 5800 CE.. 30 rs is the built in stop loss

 

[timepass]

5567 on Nifty future could be that level.. not sure on a cover rally to that extent until Raghuraman gives a rate cut the day he takes office...
This is where you can really play options.. it has inbuilt stop loss.. with the same margin amount you can take a OTM call and if you are sure of the rally, the premium is your stop loss.. simple trade.. say for eg 5800 CE.. 30 rs is the built in stop loss

Some news in the international market may skew all the calculations.

Fed may cut bond buys as soon as next month - Evans

All the calculations may go for a toss if the rupee climbs above 61.5 again