Nifty Futures Trading Part 2 (Positional)

[deb99891]

You may keep the stop loss at zero. I am sure it will not triggered.

yeah may be
but for tat ........one have to go long
but u know my "galliwala fatka book" telling tat bear market has no support

 

[mitasatyajit]

Satya, in case we open gap down tomorrow, where do you see us going? What strategy should the shorts follow in this situation as 2970 fib support is a huge support....should we close our shorts once we open gap down or just hold onto it as we may see further downside??

According to the linebaba, it is best to take fresh short nearest possible to the primary trendline so that stop loss is nearly equal to zero. Breaking of subtrendline refers to cover short, not to take fresh long position.

Let us assume that, u have made short at the begining of downtrend. As the price is below the secondary down trend line, u can continue ur short.
At the same time, u see
1. There are support bands between 3076 - 3050 - 3040 (worked out in different methods by me - Ashisda - Satyam). So fresh short here may kindly be avoided.

2. Only 5 trading days are left before expiry, so short covering may start at any moment.

So fresh short position may kindly be avoided and gradual covering of existing short is being suggested at this point. Wait for primary trendline touch for taking fresh position.

 

[mitasatyajit]

yeah may be
but for tat ........one have to go long
but u know my "galliwala fatka book" telling tat bear market has no support

If u can't find support, buy / long at every resistance till ur capital is finished. At least after that u r not to buy / long anything.

 

[praveen taneja]

If u can't find support, buy / long at every resistance till ur capital is finished. At least after that u not to buy / long anything.

hahahahaha............. LOL DA Nice leg pulling

 

[deb99891]

If u can't find support, buy / long at every resistance till ur capital is finished. At least after that u not to buy / long anything.

lol
falling from my chair
simply superb
joke of the year .........

 

[rishig38]

Dow down 5%...lets just hope it stays that way throughout the day...

 

[coolboy007]

Dow down 5%...lets just hope it stays that way throughout the day...

5% from where bro??

Day low was 8749

CMP 8785 down 2.75%

Then how can it go 5% down , i cant understand.

 

[learn2trade08]

dow spot is down 5.8%...not talking of tv or ***** as they are delayed...

it closed at 9223 yesterday...hope this helps.

5% from where bro??

Day low was 8749

CMP 8785 down 2.75%

Then how can it go 5% down , i cant understand.

 

[coolboy007]

dow spot is down 5.8%...not talking of tv or ***** as they are delayed...

it closed at 9223 yesterday...hope this helps.

Hmm yaho shows me dow closed at 9033 , now at 8679 down 3.93%

Yah shows live quotes not delayed by even a minute

 

[praveen taneja]

dow spot is down 5.8%...not talking of tv or ***** as they are delayed...

it closed at 9223 yesterday...hope this helps.

sorry bro yday close was 9033 pls confirm it from any sitehttp://finance.yaho o.com/q?s=%5eDJI now it is around 4% and i m on 3400 call