Nifty Futures Trading

[Sunil]

.... and has left double tops in both SPOT (3110) and FUT (3117) looking at intraday chart since Friday

 

[rishig38]

Nifty @3042 now...next target = ???

 

[new2sm]

3038-3040 is last support, if broken we will 2997 today.

 

[new2sm]

hmm Hanging man @13:00 was rather serious and Angry Man too.

 

[rishig38]

3038-3040 is last support, if broken we will 2997 today.

broken convincingly...now what...you really think your level is coming?

 

[kalwarik]

lagta hain 3000 ke neeche jayega aj

 

[knarendra]

Nifty in Buying zone. Dont sell any Nifty stocks
Now, Nifty-3086.
Lets watch.

Hai, Take position against my tips.

 

[new2sm]

inverted hammer in 5 min. but dont ask me for levels coz I can see 3086 as Pivot High. But takeaway points at this level is mkt oversold, near critical supports for the day. could see some table tennis now though want to see 299X levels today.

 

[kalwarik]

stay above 3040 bull ki ijjat bachayi aaj ke din ke liye

 

[uasish]

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

This ragging by Mkt is normaly beneficial in the Long Run.
Price always traverse in Wave form,few days up few days down,that is why it is unpredictable,that is why harmfull to trade with PRE-CONCEIVED NOTION,rather Going with the Flow is best.