Nifty Futures Trading

[rajaram.dilipkumar]

Hi

i hold one PUT 3300 bought @ 177...shall i close position Now..

Thanks & Regards

Kumar

sir just stay with it till it takes out todays high + 12 pts in nifty fut(3232 in nifty fut) .

 

[uasish]

Selling here at 3182 with only 8 points stop

 

[rajaram.dilipkumar]

if H&S is "proper", textbook target = 3142

no sunil its not h and s

 

[kumark]

Hi Rajaram,

Thanks very much for quick reply..Sorry for disturbing this thread by asking questions regarding options...


Regards

Kumar

sir just stay with it till it takes out todays high + 12 pts in nifty fut(3232 in nifty fut) .

 

[uasish]

Covered 50 % @ 3152.00 (though 4146.00 is support but better to book some here) & brought down stop to entry of short @ 3182.00

 

[Sunil]

hourly & daily RSI may stay over-bought or over-sold for many hours & days respectively... without the needed opposite direction movement....

somedays, even 5 min RSI gives the required movement after some minutes' delay.... in such bearish days, one will have to rely on +50 or +60 RSIs in 5min to know when to "sell on rise"... but ignore sub30 levels....

but 1min RSI.... TABADTOP (mumbai language , meaning immediate) RESULT...
(just select your level by looking "left")

ab thandak milli 1min RSI ko....
now at 30

now is the main test of the day ahead....for "bulls"

 

[rajaram.dilipkumar]

Hi Rajaram,

Thanks very much for quick reply..Sorry for disturbing this thread by asking questions regarding options...


Regards

Kumar

pls remember to move s/ls lower as the s/l is for today only ... as this is a panic move the trend can reverse sharply anytime so please be careful...

 

[Sunil]

This is what i have learnt donating handsomely from Mkt.

rightly said, Da

same here...

 

[Sunil]

if H&S is "proper", textbook target = 3142


DOES NOT SEEM PROPER: H&S is "thakur" of sholay

chalo, Sholay's thakur did his work...
3142
;-))

 

[uasish]

Now after 3146.00 it is 3108.00 hence i am sitting tight with the Shorts stop at entry well above from this price ,3182.00 ,becoz even if it gets hit it will be 15 points profit on an avg.