Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

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[mitasatyajit]

Covered all positions as > 4045 (spot).

 

[uasish]

Exited 50 % @ 4018.00.

So now even if Stop Hit will loose just few points.

Cant resist the temptation to book profit (now at 4090 it is 113 points)

More over the overnught exposure is disturbing me hence planning to book 25 % more & will carry 25 %.

 

[uasish]

As planned exited 25 % @ 4098.00 (a profit of 122 points in 1 day)

 

[TFL]

NEWS: cnbc.com

Barclays Says It Is in Talks to Buy Part of Lehman
Fed Launches Emergency Measures to Calm Markets

 

[Czar]

booked puts profit & bought calls from nifty 3980, aiming for weekly gaps, lets see...

3 reasons for this buy 1) As L2T has mentioned possible retest of neckline at 4200 2) Weekly gap also is right there 3) +ve divergence.... odds in favour, lets see tonite...

 

[orderflow13]

i am totally agreed with u n sunil,n l2t ...4200 on cards.. but i wd wait for a position

 

[Sunil]

alex, i went with ET & RSI...
extremely oversold... bounce back was on cards... and theortically, FUT's LOD was almost same as yesterday... (ignoring 4030 sneak)...

now, either enter long at 4000 with stop 3940 or go short at 4160 with stop 4200...
(require confirmations from indicators, etc at that particular time...)

also, visit this link..
http://niftyintraday.googlepages.com/nifty50

below the two charts, there's this daily SCO value (no idea what it is, but previously, author had expained it was linked with RSI)...
observe the result for atleast 2 weeks, and i m sure you will be satisfied...

 

[Czar]

We missed a bullish engulfing by .91 point

 

[orderflow13]

thanks for the link sunil, very interesting stuff .. i love to learn new everyday .. thanks again for fodder