Nifty Futures Trading

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new2sm

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Re: Time to Stick my Neck Out ,Nifty 7300

lagta hai 4700 bhi bach nahi payega
Nahi bacha :)

Just for the record, in the morning I was short @488X and saw 4896 and was thinking for shorting more(adding to avg. loss on one lot I had shorted @488X) at 4896. Imagine that was the highest of the day :) and if I had the courage to not be distracted with pullbacks and had kept it going....todays close is 4696!!! 200 pts. But such is luck :) neways good day for me atleast.
 

new2sm

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

looking at todays trading, though overall good. I want guidance from seniors on how to identify minor pullbacks and sure shots pullbacks..using what indicators. I have read saints suberb book but only partially. looking at todays trade would pivot have helped to stay calm? would 5 min or 60 min be more reassuring?. todays trade did see some sharp upmoves and anyone would have rushed to protect his profit the way I did but wanted to know some simple techniques(indicators, patterns, etc) to know its over and reversal is on its way though that never happened today.
 

gkpc

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

Further trades
Went long at 4822.20 SL hit of 4799.80 Loss of 22.40 points per lot
Shorted at 4785.80, exited 1 lot at 4773.80, 1 lot at 4763.80, 2 lots at 4760.20
Went long at 4760.20 SL hit of 20 points , exited at 4740.80 loss 20.40 points per lot.
Shorted at 4730.80 exited 1 lot at 4718, 3 lots at 4701.20
Missed out on huge profit due to FEAR!!! Had no reason to, SL was well over normal profits I book....just had no patience!!!!
 
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new2sm

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

Seniors please correct me if wrong:
Hrly Support : 4650.7,4634
Resistance: 4686.6, 4706.2

Daily: Support : 4644.7, 4567.1
Resistance: 4848.2, 4974.1

My status Short 1 lot from 4738
 
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