Nifty Futures Trading

[GokaSingh]

My range for the APR expiry... long below 3425 n short above 3470.
Bought 3400 Call @ 45

 

[praveen taneja]

Taken 3400 puts at 28 and May 3500 calls half of puts lets see

 

[GokaSingh]

My range for the APR expiry... long below 3425 n short above 3470.
Bought 3400 Call @ 45

wrong move .. but added same number of 3400 Call @ 38 ... so avg. now 41.5 with SL at 35.

 

[pkamalesh]

I think 3425 zone will act as a resistance now....Immediate support now i guess is 3375 just a few points off..

 

[praveen taneja]

wrong move .. but added same number of 3400 Call @ 38 ... so avg. now 41.5 with SL at 35.

A small suggestion from ur elder bro
Never average a losing trade instead keep an eye on SL:thumb:

 

[MurAtt]

RSI pos divergence - Stoch almost cross over below 20 - will it bounce back?

 

[MurAtt]

Yes me too holding 3500 calls, 250 nos bot @ 28 y'day with 3400 Puts bot @ same price same qty. Sq off the puts today @ 35.

Lets see where we end up ...

 

[pkamalesh]

RSI pos divergence - Stoch almost cross over below 20 - will it bounce back?

I feel a Max to Max Bounce(If Any) Should be upto the POC at 3425...

 

[MurAtt]

I doubt we will be moving up ...
As of now 3440 also seems very far fetched ...
BUT
Spot 3410 holding up since last 4 candles of 5mins

Update 1 : Breakdown from 3410 spot. Next level 3380-90 on spot.

 

[GokaSingh]

wrong move .. but added same number of 3400 Call @ 38 ... so avg. now 41.5 with SL at 35.

All gone ... but with good learning

A small suggestion from ur elder bro
Never average a losing trade instead keep an eye on SL:thumb:

Thanks Praveen bhai, will keep this in mind !