Nifty Futures Positional Trading

[jamit_05]

Will be taking some short positions tomorrow. I do not see NF going much on the upside. If there is a gap up tomorrow it will be ideal.

 

[jamit_05]

Will be taking some short positions tomorrow. I do not see NF going much on the upside. If there is a gap up tomorrow it will be ideal.

And gap there is Nifty is sometimes so predictable...

Short Entry precisely @ 5576.90
Stop Loss 20 points

 

[jamit_05]

As the chart looked collapsible I took the short entry at 5603.95; With a Stop Loss of 21 points.

 

[jamit_05]

As the chart looked collapsible I took the short entry at 5603.95; With a Stop Loss of 21 points.

Yupe it was collapsible....

 

[jamit_05]

Target SPOT 5435... Gap Fill... else Stop Hit.

 

[jamit_05]

Lord have mercy.... SBIN below 1990 !!!
No wonder GOI sold stake in various Cos... Last one was in Sail....

5500 round figure should give some relief...

Last crazy down bar had a Range of 180 points, today has only reached 125 points... some more pain is left... I guess.

 

[jamit_05]

As the chart looked collapsible I took the short entry at 5603.95; With a Stop Loss of 21 points.

100 points gain already... I do not feel like exiting today. This may sound like greed, but hey... price has momentum.... I will wait for 5435.

 

[jamit_05]

I tend to take very few entries. Probably, only 7 to 10 a month. Have chiseled trading that way mainly because Nifty gives some very good opportunities to get onto the ongoing trend. I want only those entries. This gives me superior risk reward ratio.

Taking fewer entries also gives additional edge like:

1) Low expense in contract statement.
2) Low slippage
3) Better health (I am far from being Saint. Trading, esp entries, does disturb my sleep)
4) Plus, the statements look very clean cut. No mess of entries and exits. Feels professional.

 

[sabhlok_r]

I tend to take very few entries. Probably, only 7 to 10 a month. Have chiseled trading that way mainly because Nifty gives some very good opportunities to get onto the ongoing trend. I want only those entries. This gives me superior risk reward ratio.

Taking fewer entries also gives additional edge like:

1) Low expense in contract statement.
2) Low slippage
3) Better health (I am far from being Saint. Trading, esp entries, does disturb my sleep)
4) Plus, the statements look very clean cut. No mess of entries and exits. Feels professional.

way to go....Amit:thumb:

 

[jamit_05]

A short trade in the making. If prices moves strongly then will hold, else will square off EOD.

Short, below 5535.80
SL 10 points