Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

it should have actually been 3955... i waited for 3958

 

[citrus]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks, tsunil4u for the detailed reply.
Regards.

 

[kapil123]

Re: Time to Stick my Neck Out ,Nifty 7300

It is great to see a platform where a lot of seniors are there trying to help.

Just a little bit of clarification, as per the method shouldn't there been a short at the break of 3970 in the morning. Or was the bias towards long today in expectation of pull back.

Cheers,

Kapil

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

FUT has made a lower High but only a fall below 4008 shud confirm it. Also Note that 4013 is Pivot for FUT so below it is bears in control.

 

[Ank!t007]

Re: Time to Stick my Neck Out ,Nifty 7300

Pivot cracked !
Shorted @ 4006 , Stop @ 4014.8

Ankit

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

It is great to see a platform where a lot of seniors are there trying to help.

Just a little bit of clarification, as per the method shouldn't there been a short at the break of 3970 in the morning. Or was the bias towards long today in expectation of pull back.

Cheers,

Kapil

Yes kapil, it's actually 3966.. you have got the hang of it.... but as for me, I also refer to the SPOT levels for guidance & the prevalent mood... Today the mood was short-covering at lower levels so shorting should have been used for scalping quick profits and being mentally ready to go long as per the method...

Now, you can see the trailing stop for longs in FUT is 4008... now, whether to go short on break of this level depends on the mood of the market (this is my subjective view)...
As the mood today is of a technical recovery, shortings should be for scalping trades and looking to go long at lower levels...

Please note that this "mood" is against technical trades... just go with the flow and keep booking profits partly at every support/resistance level, as the case may be...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Also, I follow pivot points...(SPOT)

today's S1 is 3987 (which is till now low of day)
Pivot is 4075 (which is till now day high)

I combine pivot levels with Asish Sir's method for intraday trading...

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

sunil, this ashish sir's method is making me curious. If you can detail it or point me in the direction then I will be greatful. Sounding curious.

 

[Ank!t007]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop enhanced to 4002 .

For newbies like me,
There are several kinds of pivots, the one tsunil4u follows is probably (H + L + C)/3 =P
and I follow the pivot of wave .

Ankit

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

getting hit on both sides for now...waiting for spot nifty to go below 3985 for opening fresh shorts.