Nifty Futures Trading

[coolboy007]

tomorrow will be bear day
weekend profit booking

You can never be sure these days in Indian mkts. Dont know when which news will come and how mkts may react. 3140 may prove a tough resistance for nifty to crack and even if thats gone 3215 will be red light for bulls for sure. After that satdas bear modem will burst into pieces.

 

[Sunil]

Noting down pivot lows from 5min chart for tomorrow's trading:

(all FUT values)

3060
3024
3003
2978

 

[renu daga]

my value are coincding with u cool boy ,,, wow

renu

 

[learn2trade08]

i have 2 numbers,i am pretty sure they will be achieved....infact my last one week intraday every target has been achieved....the only problem is my stops getting triggered before the tgt's achieved....it has happened so often that i no longer have the courage to trade,i was in a hughe profit in the first week of december,now i am negative...
i dont have muh options but to wait it out...however,i have a question am i trading wrong/am i the only one to be hit or are there any more casualities apart from me...the reason i am asking is before i started learning stuff here on traderji,i used to flip coins and trade,even in those days my bad trades werent as big as they are now...lol

my value are coincding with u cool boy ,,, wow

renu

 

[devangan123]

i have 2 numbers,i am pretty sure they will be achieved....infact my last one week intraday every target has been achieved....the only problem is my stops getting triggered before the tgt's achieved....it has happened so often that i no longer have the courage to trade,i was in a hughe profit in the first week of december,now i am negative...
i dont have muh options but to wait it out...however,i have a question am i trading wrong/am i the only one to be hit or are there any more casualities apart from me...the reason i am asking is before i started learning stuff here on traderji,i used to flip coins and trade,even in those days my bad trades werent as big as they are now...lol

me too with u buddy , guess we have become over bearish , this is reason for me to face loss in last few days

Devan

 

[lalpar]

Dev da and l2t,

traders shld be neither bare nor Bullish..Just go with the flow!!! ...

In day trading decisions have to be taken and changed fast ..if we miss profit booking level then we are gone ....

keeping ur SL to a min fixed value as per profit u have had in prev day is good startegy...

To be frank this up and down movement of Nifty shld beenjoyed by traders!!! Rather than cursing it

3150 to 3180 will be diff for Nifty to negotiate,,This month all were entering PUTS in hope to mint fast money but market went up and up and UP it suck every BEAR in to it!!! That is wht markets are meant for ...

 

[learn2trade08]

dear dev'
the problem is for most of the part of it i was not bearish...its only from the last 2 sessions tht i am bearish.eventhough i was bullish all my stops including the deepest of the lot got hit.
anyways i am closing my laptop and taking a vacation...no trading till nifty hits 3350.

me too with u buddy , guess we have become over bearish , this is reason for me to face loss in last few days

Devan

 

[learn2trade08]

true lalit...
thanks for the suggestions,will keep it in my mind next time trading.

Dev da and l2t,

traders shld be neither bare nor Bullish..Just go with the flow!!! ...

In day trading decisions have to be taken and changed fast ..if we miss profit booking level then we are gone ....

keeping ur SL to a min fixed value as per profit u have had in prev day is good startegy...

To be frank this up and down movement of Nifty shld beenjoyed by traders!!! Rather than cursing it

3150 to 3180 will be diff for Nifty to negotiate,,This month all were entering PUTS in hope to mint fast money but market went up and up and UP it suck every BEAR in to it!!! That is wht markets are meant for ...

 

[coolboy007]

my value are coincding with u cool boy ,,, wow

renu

Well
Thats a achievement for me if my charts match atleast 1 of my seniors.
Am already dead being bearish this month.

 

[coolboy007]

i have 2 numbers,i am pretty sure they will be achieved....infact my last one week intraday every target has been achieved....the only problem is my stops getting triggered before the tgt's achieved....it has happened so often that i no longer have the courage to trade,i was in a hughe profit in the first week of december,now i am negative...
i dont have muh options but to wait it out...however,i have a question am i trading wrong/am i the only one to be hit or are there any more casualities apart from me...the reason i am asking is before i started learning stuff here on traderji,i used to flip coins and trade,even in those days my bad trades werent as big as they are now...lol

L2T
I was ashamed of telling my truth. But even i will tell you what happened with me. I was long on a call 2900 @ 114 and sq off same when nifty was around 2865 , fearing as usual Nifty will slide frm that i sold at a 2k loss for my ce and took 2600PE with that money around 4 lots @40 thinking i will make good profits. Feeling as usual we will face selling at each level but now am sitting on a excellent loss of 12k
The Gains which i made in OCT have been totally wiped off even my capital is at risk now. As Devan said , we were overly bearish and we are punished for that. I have lost heavily this month Learntotrade on my assumptions.

I wont accept defeat easily , i got metastock , learnt some indicators and to draw TLs frm saint sir and using those but left with just 1 more chance. next time wrong and i will be out of mkts. Max people must be on Puts here and all have been wiped off.
The Trade i took was to Buy a RIL PA1260 @22 as it was making higher highs and lower lows. The RSI was nearly in overbought zone and Stochs gave Sell signal yesterday , today that signal was reinforced. Though RIL didnt close below uptrendline , i frm now on will only trade in stock options not more than 4k in one trade considering ma age and capital and NO assumptions atall. If RIL tanks i gain , else 2k also gone but atleast i used my mind even if it turns wrong. RIL didnt participate in rally today atleast.

Friends , i learnt a lesson never to take tips frm anyone or have a pre determined sentiment or trade. I was over confident after made 25k in oct and thats gone and am back to earth.4 days left in Exp and even if we tank now PE of Nifty are already worthless. I will fight agains mkt , thats all i cn say.
Cheers friends , we will make profits soon. Volatility is so high and Satda bears are not supporting us