Nifty Futures Positional Trading

jamit_05

Well-Known Member
If this is indeed a breakout failure then the move must have momentum, hence the fresh bulls who entered today would be punished tomorrow. If this does not happen and 5800 does not break tomorrow, then I will want to take some profit. Moreover, Price failing to break Ema-15 for two days means bulls are still in the game.
 

gkpc

Well-Known Member
Long not triggered. Shorted at 5997.80 , have done a low of ~5880.xx
Shall exit 1/3 at 5878.20 !
And move SL to 5902.20
Exited 2 more lots (1/3) at 5858.20 ! Now holding 2 lots with SL at 5893.20 which I hope shall now very rapidly move favourably!
 

gkpc

Well-Known Member
Could not keep patience, already, heart beat racing.....have exited the balance 2 lots at 5838.80 ! :)

Too good a day, and ended so fast... off for the day! Thanks rkk for guiding me on trailing SL as that helps to maintain the position even during some fast adverse moves.
 

jamit_05

Well-Known Member
Exited 2 more lots (1/3) at 5858.20 ! Now holding 2 lots with SL at 5893.20 which I hope shall now very rapidly move favourably!
I think you should tight trailstop. Today is not the day to expect bumper profits as it is a day before expiry and there are all kinds of support above 5800. The RR seems poor.

Watch the price patterns with care. All I am saying is be suspicious.
 

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