Nifty Futures Trading
- Thread starter uasish
- Start date
- Tags nifty futures nifty intraday trading
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sunil, should i take position based on this news?
.
.
long or short, i'll let u know on monday
as it is, asish da has shown a yellow card to today's closing.
interestingly, today's intraday pattern has a mini HH HL,
now the stop for this HH HL is 4336 FUT (which is also a triple bottom area)
and in my humble opinion, 4300 should not break first on monday, if 4400 is to be attempted.
U
Czar,
In positional trade,we overlook trifle things to get the Maximum Run until the Trend Reverses.Once an Entry is proven to be right ,it is a Prized Position ,gaurded very delicately so as to not to surrender until we are absolutely convinced the Trend has reversed.
Being humbeled by Mkt many a times & also very miser for further donation i normaly sacrifice & get out early in short term trading,but never do that with positional trading,where my Qty is always less than Intraday & stops bigger.
What have we seen today,an initial Run displaying Impulse charecteristics then the correction never went below the Healthy level,the 4377.20 was tested atleast 6 times from below.
So there is 1 possibility that it may come down,OK i am ready to sacrifice some points as my position is in Deep Profit (moreover even if the Entry price Hits still i will earn 50 points & by jobbing once to-day another 20 points is pocketed).
There is another possibility that 4377.20 is surpassed convincingly then does not the Position graduates to the 1st Floor from Ground Floor.
On the other hand, until Trend proves otherwise,i may look for another Long Entry there the perspective would be different,not bothering about the 5 to 30 mins LH LL.
Though this answer should have gone to your Thread principaly but the Query was here hence plz i may be excused for that.
Asish
In positional trade,we overlook trifle things to get the Maximum Run until the Trend Reverses.Once an Entry is proven to be right ,it is a Prized Position ,gaurded very delicately so as to not to surrender until we are absolutely convinced the Trend has reversed.
Being humbeled by Mkt many a times & also very miser for further donation i normaly sacrifice & get out early in short term trading,but never do that with positional trading,where my Qty is always less than Intraday & stops bigger.
What have we seen today,an initial Run displaying Impulse charecteristics then the correction never went below the Healthy level,the 4377.20 was tested atleast 6 times from below.
So there is 1 possibility that it may come down,OK i am ready to sacrifice some points as my position is in Deep Profit (moreover even if the Entry price Hits still i will earn 50 points & by jobbing once to-day another 20 points is pocketed).
There is another possibility that 4377.20 is surpassed convincingly then does not the Position graduates to the 1st Floor from Ground Floor.
On the other hand, until Trend proves otherwise,i may look for another Long Entry there the perspective would be different,not bothering about the 5 to 30 mins LH LL.
Though this answer should have gone to your Thread principaly but the Query was here hence plz i may be excused for that.
Asish
Dear Asish ,
I found you are very GOOD at Scalping.At last Nifty futures reached level of 4377 to end at 4361.A traditional positional trader may not mind about this 16 points (4377-4361) but a SCALPER does.Moreover in the past Nifty future ended flat on many occasions , but during the day gyrations of 40 points were seen.
I found you are very GOOD at Scalping.At last Nifty futures reached level of 4377 to end at 4361.A traditional positional trader may not mind about this 16 points (4377-4361) but a SCALPER does.Moreover in the past Nifty future ended flat on many occasions , but during the day gyrations of 40 points were seen.
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