Nifty Futures Trading

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

booked 50% profit @5196 ...for safe side

Well done,CZ!

Saint

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

aca do you suspect a major fall today/tommorow? please guide.

To be frank, No Idea. DOW is under a small consolidation. Every alternate day it rises and falls, trading between the range of 12200-12500. If it closes near to 12200 today, tomorrow we may open lower around the trendline from which we have bounced back today. Only a fall below the trendline may cause major fall.

However, If there is a gap-up tomorrow around 5225/5280 Level in NIFTY underlying, we may have a reversal day.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Good trade,Ashish......neat profits.Enjoy!!

Saint

Thanks Saint! But the exit was not up-to-mark.

 

[circle zee]

Re: Time to Stick my Neck Out ,Nifty 7300

learning good from senior members like u..

 

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

raising my stop to 5179, dont want to carry anything. Will close all by 3:20.

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Raising SL to 5180 on 2/4,keeping sl at 5145 on 2/4

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks Saint! But the exit was not up-to-mark.

Cannot be accurate every time........you've done great for the day.

Saint

 

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop loss at 5199 for all

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Moving stop loss on 2/4 to 5185

Saint

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Which 1-2-3 pattern?

Just for education,do post a chart ...... when you get the time,that is.

Saint

Above 6070 (Marked as 2), It'll be a 1-2-3 pattern beyond doubt both on Daily & Weekly charts. Some people may treat the minor top of 6030 (Marked as 2A) as point 2 as well. A close above these levels will be a triangle break-out.

Regards,
--Ashish