Nifty Futures Trading

[praveen taneja]

SPOT RSI (14)
1 min = 35.86
5 min = 25.03

14 bars of 30 & 60 min are reqd, which i don't have in my trader terminal's charting software

Da n sunil pls help me i m out of trade for the last one week want to enter when u think i can go for next mnth call of 4k?????????daily its going down n down cant hav courage to enter

 

[uasish]

This is absolute Mayhem,keep this etched in your mind,needless to say that all investors are having nightmare.What have we learnt & vouch never to repeat in future.

1) Stop Loss ,an absolute must,for optimistic guys,plz atleast follow Weekly Chart to derive the Stop.

2) Learn to Hedge,Mini Nifty is being created for that purpose only.

A crude example to clear the conceptual part for uninitiated:=

Think having 2 one litre glass container in 2 hand,on the Left is portfolio,say it's value 5 lacks,comprising several stocks.Now find out each's Beta and multiply by each stocks value,total it,then you get a new value than original 5 lacks,then calculate how many number of Mini-Nifty Lot to be sold.
So the left hand glass container diminishes & almost the same amount increases in right hand container(where we have Mini Nifty Short).
If the opposite happens means Mkt goes up the Right hand container's Loss is compensated by Left hand containers gain.This is very elementary way to touch the conceptual part,so when we Hedge we actually LOCK the Profit & also the Loss.
Once dust settles down we close the right hand container (Mini Nifty Short),atleast we can have a good night sleep.

 

[orderflow13]

hats off the way you make concept clear

 

[uasish]

3515.05 is Resistance now.

This worked once again,now the ambience is we wait it to Rise so as to Short .

 

[uasish]

3437.85 is probably it is heading towards.

 

[uasish]

Problem with these type of Mkt. condition is that any relatively new intraday trader will start to feel it is infact very easy to earn in intraday.

3437.85 breached.

 

[uasish]

Someone was mentioning about 4000 Str Call,yesterday from Rs 60.00 now Rs 22.65.

 

[uasish]

Just bringing down Stop periodically,these type of Mkt. takes care of most earlier Losses.

 

[uasish]

RIL / ICICI Bk / HDFC Bk / Renu's TISCO / SATYAM / TCS / ITC /WIPRO / RCOM,MOST are over performing than Nifty Fut.

 

[Sunil]

if today's HOD & LOD are held for 15 ,ore minutes, then an inside bar on hourly....