Nifty Futures Trading Part 2 (Positional)

[uasish]

Sunil has Gr8 qualities to Head HRD or PRO Deptts.

 

[Czar]

my guess is Daddies & mummies want to make a weekly doji / hammer... Where art thou SatDa ???? emergency

 

[renu daga]

satyajit da is gone out for,,, today 3/5 rasta bandh.. today strike for 2 hrs,,,

along with mamta..banerjee,,,

he ha steaken hia trend line with him

 

[Czar]

sold NF position 4363.40

 

[Sunil]

my guess is Daddies & mummies want to make a weekly doji / hammer... Where art thou SatDa ???? emergency

Czar (weekly) and SatDa (hourly);
i'll be waiting for your charts..

PLEASE


(ps: i hope satyajit da is ok with this SatDa)

 

[uasish]

Yeah,Satyajit is OK,he has a very responsible position in PWD as Engineer,particularly National Highways are his area of responsibility.

 

[Sunil]

shooting is great, but director will get angry if it closes below 4315 spot.

and producer will be happy if last swing high spot 4364 (28/8 HOD) is taken out

Producer: hmmm....
theek hain, chalega - CLOSED AT SPOT 4360

but now, heroine is worried on seeing a DOUBLE TOP (nearly) at SPOT 4364 level
(today's + 27/8's HOD)

Hero says, Don't worry, I have a good DOUBLE (actually triple, depends on TF) BOTTOM AT around 4330 SPOT.

Let's see...
shooting continues on Monday, with both bulls & bears invited now.

 

[Sunil]

Though I suspect he likes southern highways better, today work for Northern HW & he took a break

that was toooooo gooooood

 

[orderflow13]

At the closing i didnt have much choice,i didnt want to close the trade on nifty long,risk was as always on weak ends,if market open gap down on negative news flow? So i write the call of 4500@strike 82.45,if markets open gap down and at it goes below my entry point@4232, my short position on call will give some cover( plus i will earn two days premium,which will be more than over night call rates in any given bank).if open higher as i am expecting by the way of closing (and today on daily chart it created a wide range candle with flat head,not showing in chart, its my imagination)then 4500 will be the resistance anyhow.i will let the call written until Chart SAYS something else

 

[Czar]

Hi Alex, exactly the reasons you showed for which I exited nifty, thanks, please do participate here more & see my post 3:29... Cause I see a possible move to test 4320 region spot...