Nifty Futures Positional Trading

[jamit_05]

One more lot booked at 6100... at 50 points profit.

All out exit at 6070.50

 

[jamit_05]

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[rkkarnani]

I think I should have shorted at 6170.75;

I wanted an absolute confirmation of short below the 5 min pivot... hence got in at 6159.70;

I shorted at the same level, but exited early ! Was vary of short move, as mentally looking for 6200+ levels !

 

[jamit_05]

One more lot booked at 6100... at 50 points profit.

All out exit at 6070.50

New LOD made...

 

[Trader_PK]

New LOD made...

In my system almost all stock turned to bearish ..so I think nifty will go one way today ...I cannot put a target because no one now what target can nifty go so I always go with TSL... btw how do you got in 6070.5 target? any SAR?

 

[jamit_05]

A good place to add a little to the short positions, but for quick profit only...

Short more at 6111.50

 

[jamit_05]

In my system almost all stock turned to bearish ..so I think nifty will go one way today ...I cannot put a target because no one now what target can nifty go so I always go with TSL... btw how do you got in 6070.5 target? any SAR?

Notice how the momentum got absorbed as soon as hourly pivots were touched. Therefore, RR is now lower hence profit booking will be fruitful. The next sensible hourly pivot is at 70... if the market decides to tumble further, then it will be slow and deliberated... that will give enough chances to enter for small punts.

Lets see. Market almost never pans out the way one sees it. If it does then freeze that mindset, cuz you are doing something right in there !

 

[jamit_05]

Will put on some more short position at an overbought area of 6109+
Here RR is attractive... will exit LOD.

 

[jamit_05]

Will put on some more short position at an overbought area of 6109+
Here RR is attractive... will exit LOD.

Put the sold lots back in at 6106, 6113... Now all exit at 6070.50

 

[jamit_05]

Feel good about having taken some profit on half the positions... I think I can continue doing that...