Nifty Futures Trading Part 2 (Positional)

[Czar]

Wow Da doing intraday ????

 

[rishig38]

Long from 4326 nf stop 4321 nf

taking intraday position against the trend today is high risk high reward today..

 

[mitasatyajit]

Wow Da doing intraday ????

Sorry wrong thread.

 

[orderflow13]

taking intraday position against the trend today is high risk high reward today..

wow some one is learning very fast ,remembered sent sirs line... adjust ur ship with direction of the wind

sorry rishi , i thought learn to trade said that , it wasnt 4 u

 

[xtalk]

Anyone covering shorts today?

 

[rishig38]

wow some one is learning very fast ,remembered sent sirs line... adjust ur ship with direction of the wind

sorry rishi , i thought learn to trade said that , it wasnt 4 u

haw, how mean? jk...anways, alex, what is your position long or short? the only way we might see a rally is due to the inflation numbers, thats it..otherwise, we have broken down the trading range after a long time...we should see further downtrend...

 

[Sunil]

oversold status
approaching 50DMA SPOT 4285

bought 4300 call at 4300 spot with stop below FUT 4280

giving one last chance to short term bulls, though short term UT with HH HL pattern has been negated...

now this DT with LL LH pattern from spot 4540 has stop at yest HOD arnd spot 4465, with outer limit at 4500

 

[Czar]

trading range will only break on breaking 4200, still not...

 

[rishig38]

trading range will only break on breaking 4200, still not...

Czar, my trend line showed support at 4325..and now it has been breached..and if it closes below that level, which looks like it would, personally I would stay invested in shorts..whats your take on that?

 

[orderflow13]

czar, making sense we in range, n will be in a range, on so low volume i dont feel like fiis will sell, there ant enough buyers to absorb there selling,so on low volume we might remain in range