Nifty Futures Trading

[renu daga]

selling at 80

renu

 

[lalpar]

This is much higher than the trendline support or the break of last resistance. So, the risk would be higher.

Cheers,
Kapil

Risk is a bit high...But Market is in a uptrend from 3800..It is a correction in this uptrend..All weak hand will be out of Nifty...

 

[rishig38]

selling at 80

renu

Renu, I sold at 75..when to cover?

 

[rishig38]

Risk is a bit high...But Market is in a uptrend from 3800..It is a correction in this uptrend..All weak hand will be out of Nifty...

lalpar, dont be so sure that this uptrend would continue..another bad day tomorrow would definitely change this uptrend into a downtrend which could go as low as 3500...

 

[renu daga]

sold at 75?

why...

renu

 

[rishig38]

scalped between 65 & 80..
but will carry the remaining pos. mini for tomorrow, trusting the TL support

tina, Here is my position for the day which I haven't covered so far:

Mini Nifty = 4624
Short sell = 40

Mini Nifty = 4575
Short sell = 40

So the average is 4598 for 80 shares..do you think I should leave them open for tomorrow or cover them?

 

[biyasc]

this is what i was trying to explain u yesterday....

i hope mr. chatterjee is here too...

tina, i had/have no offence about your described strategy. please read my previous post/s carefully & you will see what i wrote there. i wrote "i agree with your opinion. but that also depends on a particular trader/s game plan."

 

[rishig38]

sold at 75?

why...

renu

I thought you meant you short sold them at 80 but I guess you really meant you covered at 80, right?

What should I do now>?

 

[kapil123]

tina, Here is my position for the day which I haven't covered so far:

Mini Nifty = 4624
Short sell = 40

Mini Nifty = 4575
Short sell = 40

So the average is 4598 for 80 shares..do you think I should leave them open for tomorrow or cover them?

I think you misunderstood Renu, by selling at 80 she meant closing the long position she had.

Cheers,
Kapil

 

[renu daga]

no,,
still ,,we rae on reversal tina u are mistekn,,,

4633!! cannnot be ignored ,and if tom there is no counter move than we are in some correction

renu