Nifty Futures Positional Trading

[alex_26]

No... If the market goes down, then Bulls will feel the loss.. M2M pain. Bears will be celebrating... and you will be invited.

Hey Jamit

Yesterday d BULLS defended d Level of Nifty(spot) 8820 for around 4 hours......2day d BEARS defended d Level of Spot Nifty 9000 for whole day except for some minutes wen BULLS broke out .....but the BULLS were pushed bak by BEARS wid DISDAIN....

Do U feel Nifty going to 6000 for once b4 downfall..

 

[jamit_05]

Hey Jamit

Yesterday d BULLS defended d Level of Nifty(spot) 8820 for around 4 hours......2day d BEARS defended d Level of Spot Nifty 9000 for whole day except for some minutes wen BULLS broke out .....but the BULLS were pushed bak by BEARS wid DISDAIN....

Do U feel Nifty going to 6000 for once b4 downfall..

Sure, that could be possible. Simply because EMA15 is supporting the price, shown by the tail on the daily chart. But, I would not count on it happening.

 

[jamit_05]

Today's LOD break appears to be an important event!

The earlier Pivot Low was broken, and is now being re-tested. If retest fails and price break further low... then this could be a Bearish Friday.

 

[jamit_05]

A blast off in the making! Buying options on both sides will pay off... !! But do check the volatility first.... sometimes it tricks you.

 

[jamit_05]

In an intraday trade, will BUY a few points over 5915. Target 5950.

 

[jamit_05]

Good Long over 5917... watch price shoot.

 

[jamit_05]

Good Long over 5917... watch price shoot.

Made an add...
will make one last add at trend high breach... then wait for TSL to hit or Prev CLose.

 

[jamit_05]

Exit to Break Even... now seeking dependable TSL level...

 

[gkpc]

Just to thank you and rkk for excellent advise !
Have started a new thread with Live posts of my trades. Not getting carried away and keeping patience is paying off , though I hv still a loooong way yo go ! Having good profitable day !

 

[jamit_05]

One final add made... this will put me in LOSS if TSL hits... but a small one...