Nifty Futures Trading Part 2 (Positional)

[rishig38]

nifty forming ascending trisngle,,, which will break on upside after 75/77..positive on that ,, long form 58

renu

what is the SL?

 

[Czar]

Czar, please have some coffee till outcome of NSG.

LOL but I really dont think NSG impact will last more than 1 day if +ve as World markets have made up their minds to continue downtrend...

 

[rishig38]

Ive managed to incur loss today when there is no movement in the market

 

[renu daga]

right ,, my foot,,, stop loss hit 66

renu

 

[learn2trade08]

Satyajit sir,
your support literally whisked off the shorters this time...Hoping it continues to do so all day!

Czar, please have some coffee till outcome of NSG.

 

[rishig38]

right ,, my foot,,, stop loss hit 66

renu

huh? If you were long from 4358 then how is your stop loss 4366?? I am confused here...

 

[learn2trade08]

is that what we call a pipe on the 5 mins?

 

[mitasatyajit]

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[renu daga]

i menat stop profit

renu

 

[rishig38]

satya, maybe you need to re-draw the trend line from the lows of Aug 29th and touching the highs of today..that could be our new trend line in my opinion..What do you think?