Nifty Futures Positional Trading

[jamit_05]

All out of Longs at 5883... that was loss of around 30 points per lot.

 

[jamit_05]

The Entire Power sector, comprising of Power Generation, Transmission, Distribution, Trading and Power related Infrastructure, and the Banks lending to these operations will see damage. ICICI has hit the panic button and it is out in the news!

I will be interested in booking profits as prices head up, that is if at all they do.

The dreaded doubts materialized... ! This only helps in being emotionally prepared. A 100 point fall does not come as a complete shock.

N e hoo... Daily Trend is still up and price is battling at its EMA 15. I will try and go long again if there is a bounce.

Long at 5908.80 Spot, SL 53 points.

 

[trader15]

The dreaded doubts materialized... ! This only helps in being emotionally prepared. A 100 point fall does not come as a complete shock.

N e hoo... Daily Trend is still up and price is battling at its EMA 15. I will try and go long again if there is a bounce.

Long at 5908.80 Spot, SL 53 points.

Whats the 15 EMA value for nifty. Any key support levels for today

 

[jamit_05]

Whats the 15 EMA value for nifty. Any key support levels for today

5839.71 SPOT... Next bounce would be expected at 5800.

 

[jamit_05]

US is still Shut, this was the trigger which changed the Daily trend back to up. Hence, I could venture by saying that today's Bears are in for a squeeze. If even a minor positive trigger happens, they will be quickly be down-under by 100 odd points. Market is set to go up, but is being harangued by news.

I do not wish to positionally short till some things clear up.

 

[stock72]

US is still Shut, this was the trigger which changed the Daily trend back to up. Hence, I could venture by saying that today's Bears are in for a squeeze. If even a minor positive trigger happens, they will be quickly be down-under by 100 odd points. Market is set to go up, but is being harangued by news.

I do not wish to positionally short till some things clear up.

You may right or wrong .. but just predicting market behavior is some thing I tried to avoid and some what progress in that ...

 

[jamit_05]

You may right or wrong .. but just predicting market behavior is some thing I tried to avoid and some what progress in that ...

I will be honest. I do not want to be mechanical in trading, as I believe that won't lead to success. And it would be very boring as well.

I wish to have an opinion about the direction which is not based on news, but on chart patterns which put odds in my favour.

... And that is my edge.

So as per my current reading of the chart, I believe we are in an uptrend and bears are likely to be surprised. This opinion could very well be wrong, for which I am prepared.

 

[jamit_05]

All out of Longs at 5883... that was loss of around 30 points per lot.

Back into Longs at 5895.50 NF. SL LOD.

It looked pretty bearish in the morning... hence chose to get out below Friday LOD, which too was a pretty bearish day. This switcheroo cost me 0.35R. And we got proof that the ambience was bearish... today we saw 4 hours of tight range bound consolidation. Bears could not break, hence could not make it.

Today should be a jumbo day closing near 6000 NF and hence Killing 'em Bears. Lets have Bear meat for dinner... figuratively of course!

If the day is not strong, then I may humbly exit my long positions, eating my own words instead.

 

[jamit_05]

Switching to Long positions appears to be a job well done... but you never know... markets can surprise.

Made silly adds during the retest phase of this breakout... will trail them intraday... if the day ends very strong will hold them till ... well... lets see.

Very little can come between NF touching 6000. Just to make sure we have the other side covered I will watch intraday price action to place my TSL for my newly acquired adds.

 

[jamit_05]

Last 15 minutes before INtraday Shorters scramble for cover, cry for help! I would like to see a big upbar... a shoot-up...