Nifty Futures Positional Trading

[jamit_05]

Intraday Short TRade taken at 5811.50 SL 5817.95
Intraday Add made at 5806.85;

All Targets at LOD.

Will soon shift Exit to Break Even.

Finally, after a long day's work... I am now all loaded on Intraday shorts... will take out adds if there is no momentum... and hold initial positions at half risk

 

[jamit_05]

Finally, after a long day's work... I am now all loaded on Intraday shorts... will take out adds if there is no momentum... and hold initial positions at half risk

All out... no clear momentum.

 

[jamit_05]

All out... no clear momentum.

Turned out to be a good decision. Shorts did not play out well. NF surged 40 points after exit! Had exited the positional adds as well.

 

[jamit_05]

Looks like Bulls got beaten well enough to not put up a fight tomorrow.

Positional Shorts Still holding from 6051 NF. Today puts them in over 250 points in profit.

 

[sekpalani]

Looks like Bulls got beaten well enough to not put up a fight tomorrow.

Positional Shorts Still holding from 6051 NF. Today puts them in over 250 points in profit.

Looks like, you can cover this short at around 5500:thumb:

 

[jamit_05]

Nifty SAR

Yesterday's closing was convincing. Bulls showed their presence, but were levelled in the last half hour. Hence, this presents an opportunity to lower SAR.

The SAR now is at 5848.60 SPOT.
The short position has given a Mark-To-Market profit of around 300 points and As per SAR the profit is 160 points.

Yesterday, Spot has made a low of 5718.50, which is precisely the 0.50 Fib Ret. So, I shall be ever so alert to reverse to Long. And if it happens, you can count of it to be a very swift move which WILL break all time highs!

 

[jamit_05]

Add scheduled at 5754.85 NF. Will hold EOD only if the Close is good.

 

[Option.Trader]

Add scheduled at 5754.85 NF. Will hold EOD only if the Close is good.

50 points up, what's your stop loss for this intraday trade

 

[jamit_05]

50 points up, what's your stop loss for this intraday trade

Hi ol' friend... Long time visiting.

Add was Not triggered... Nifty has a strong tendency to throw whipsaws at certain levels... For adds, there is no emergency so I don't always place market orders... unless the move is likely to be explosive.

This often costs me some points in slippage... but still.

Spot the 1 min candle that was supposed to trigger the add... it made a low of 5754.1 but closed at 5764... ten points away.

Had the add triggered, SL would have hit at 5808.80.

 

[jamit_05]

A Strong move in the making.

5840 is an Hourly Pivot which is now Resistance
5811 is a failure of breakout of the intraday Triple Top at 5810-5818 belt.

Since the trend is down, I will only short... no longs.