Nifty Futures Trading

[Sunil]

Opening more TSQs will give cue to profit-booking...
with such high RSIs, our GIRAFFE is more "thirsty" than "hungry"...!!!

oh yes it did...
LOL
Thanks Satyajit Da for your modem at open

 

[learn2trade08]

man....some sort of a day...getting sary,ril broke out of a rising wedge,,,,hadnt expeted tht to hapen...

 

[Sunil]

anticipated shorts today...
entered accordingly at open seeing more TSQs...
covered half here at 3005 ... (had taken double shorts at open.... now normal qty left)
now only trailing SLs for balance

 

[myvineet]

anticipated shorts today...
Entered accordingly at open seeing more tsqs...
Covered half here at 3005 ... (had taken double shorts at open.... Now normal qty left)
now only trailing sls for balance

well done sunil bhai ..

 

[Sunil]

well done sunil bhai ..

though i could SAR my yest longs (at 3000) only at 3055, and not near 3100 as hoped last evening....

had to SAR my overnite longs - that was for sure..
level jo mile...

quite often i have seen - buy on rumours, sell on good news
also very high RSIs & greater TSQs helped/supported my view

 

[myvineet]

though i could sar my yest longs (at 3000) only at 3055, and not near 3100 as hoped last evening....

Had to sar my overnite longs - that was for sure..
Level jo mile...

Quite often i have seen - buy on rumours, sell on good news
also very high rsis & greater tsqs helped/supported my view

me too was ready to short at opening ..but i expected 3100 , so when i saw 3075 on opening i think lets it go to 3100 first ,then i will short but it just tanked ..able to short at 3052 but yes to double quantity....

 

[new2sm]

bullish engulfing in 5 min.

 

[Sunil]

Today's Classical Pivot levels are as good as chartical levels:

Res: 3090 / 3131 / 3195
Pivot: 3027
Supp: 2985 / 2922 / 2880

as expected...
HOD = 3090 R1
brief support at 3025-27
now LOD = 2987 S1

 

[Sunil]

me too was ready to short at opening ..but i expected 3100 , so when i saw 3075 on opening i think lets it go to 3100 first ,then i will short but it just tanked ..able to short at 3052 but yes to double quantity....

see the recorded high in FUT at OPEN...3090+...
some lucky chap got away with it...
so, as per EOD chart, this will be appear as 3100 done

and after a long time, i had seen such massive diff between TBQ & TSQ...

our shorts entry level is nearly the same...
so it was good...

BELIEVE IN YOUR TRADE & FOREMOST YOUR ENTRY LEVEL at time of entry...
THIS BELIEF WILL COME ONLY WHEN YOU ARE AWARE OF YOUR STOP, AND THAT STOP LEVEL IS VERY CLOSE..

I hate it when some of my friends (not into share trading) tell me I gamble every day (like my entry depends on a toss of a coin - heads for long, and tails for short)...
I had to demonstrate to them there's a hell lot of difference between gambling & speculating (with calculated risk:reward ratio)...

For intraday & scalping trades, for me, knowing that my stop is nearby is not enough...
i have to know how will that level react - as support or as resistance, then i choose & verify my nearby stop, and then i enter...

all this can be done only if u focus your attention & energies towards ONE SCRIP ONLY...

this is my personal mantra for my daily intraday swing & scalping trades

 

[pkamalesh]

sunil bhai...seeing any up side from here or are we goin back to 2700??