Nifty Futures Trading

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if these 2 hold good then i will be loosing money at opening coz i have 4100 calls which i am carrying overnight.....
hi ,

pls dont do it again as the intention is to stay with the trend always(counter trend bets can be taken only if we are close to strong supports or resistances)....nifty can go to 3800 or lower and still can close the week above 4000 or close the week below that critical level and either ways the momentum is with puts....So today as the break down has happened we wait for a bounce back and buy a close put and a faraway call for e.g. @ nifty close of 4050 ,a 4000 put and a 4200 call can be considered ,as in the worst case if the market bounces back tomorrow we exit at break even or if the market drifts further then our puts will gain more value than the value erosion in calls..
 
L

learn2trade08

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dear rajaram'sir..
Sincerely appreciate your thoughts..Thanks for sharing the strategy,it will really help me a lot in future and definitely save me some money...
thanks again!


hi ,

pls dont do it again as the intention is to stay with the trend always(counter trend bets can be taken only if we are close to strong supports or resistances)....nifty can go to 3800 or lower and still can close the week above 4000 or close the week below that critical level and either ways the momentum is with puts....So today as the break down has happened we wait for a bounce back and buy a close put and a faraway call for e.g. @ nifty close of 4050 ,a 4000 put and a 4200 call can be considered ,as in the worst case if the market bounces back tomorrow we exit at break even or if the market drifts further then our puts will gain more value than the value erosion in calls..
 

renu daga

Well-Known Member
renu,

Whats your/this thread's position now? Long or Short?
I brought 4100 call @ 110.

Thanks,
Hari
i wa slong at 4000 ,,,every time,,, with stop of 4023..

and finally eixted ( since was not interested to carry pos) though i mentioned,,,during hours that intradau correction is over about at 4020/4030 levels
and finally exited at 4060..
did 4 trades,,at 4000 cp

renu
 

Sunil

Well-Known Member
FUT:

weak below 4009 --> 3994 / 3971 / 3958

If 3958-50 (yest LOD zone) also break ---> 3936 / 3900 (also S2)

Break of 3900-3890 ---> 3863-58 / 3840 (also S3)


SPOT 3926 & 3823 are the key LODs of 18th & 17th July 08
corresponding for FUT = 3907 & 3856
 
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