Nifty Futures Trading

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uasish

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Order to cover 25 % @ 3985.00 executed now 25 % cover placed @ 3952.00 & Stop brought down to 4051.05 (11 points below Short's Entry).
 
points to remember for people who missed this gap down....
dont put in emotional trades as massive moves in either direction doesnt sustain for long....now the market is not going to touch 0 , it will consolidate and develop some set-ups and thats the time to cash in ...no need to look at crude , bombs or aswini gujral statements(who was long at 4500 with s/l 4200) when such set-up arrives ...
Also just because people like asishji know how to trade these panic days doesnt mean we have to jumpin and make money like him as money not made is better than money lost ....although as the week progresses nifty might re-test 3800 ,a breach of 4000 in weekly is very important for this downmove to sustain as it has not closed below this level since apr 07
 
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