Nifty Futures Trading

[new2sm]

4113 does it make you happy!!

 

[Sunil]

never thought at start of day 4100 will be there in both FUT & SPOT

 

[new2sm]

for the first time ID freeze has benefitted me. I bought 1 lot @4065 and ID got hung after that and not coming up. and mkts are going up. Wohoo

 

[new2sm]

never thought at start of day 4100 will be there in both FUT & SPOT

kasamse...make me angry that I had got long @3927 and sold at a loss becoz of uncertainity then. wish ID was frozen then.

 

[Sunil]

what a week...

3 days.. one way bear...
2 days ... one way bull...

we hve reached again at monday's top 4110....

 

[Sunil]

times up for me... covering shorts here...

 

[Sunil]

no use shorting.... it's only going up after brief downmove...
one will not be able to pin point exact top level to short...

My safest level to short is 4100-4110 SPOT... but will it reach there now...


just try to go long at lower support levels

atleast, this gave me the missed profit of upmove...

 

[Sunil]

shorting one lot...
i expect a retest of 4050-4030 spot...

 

[lalpar]

Hi,

Let me explain you why did not maintain my discipline in this current trade...

There are two ways in which I trade..
1)One see the chart and strictly follow the SL.
2)When I see a sharp rise or sharp fall I go against the trend..

When market fell couple of days back I went long at 3803 and gained abt 85 points in one trade.I cannot explain why I went long it was at that instant I felt...

2)Today there was a sharp rise not once but thrice..Now its difficult to touch the top and short.I have 2L for trading and usually trade with only one lot..But under the current circumstances,I use the 2nd and 3rd lot for averaging..Todays top was 4100+
I shorted at 4036 and 4067...I Would have used by third lot at 4150...But it was not required..

I am holding my 2 lot position short at 4051.5...for a Target of <4000 on Nifty...

Although this may sound absolute non sense but sometimes I tend to be abnormal .Although Saint Sir may not like my way of trading!!!!

Regards
Lalith

 

[rajfal]

Looking at the charts, we have closed right at a falling trendline that started on 5160 on dt.20/05/2008.

What if we give a massive gap-up on Monday?

After all, such trendline breaks only happen overnight on opening gaps.

I know.....Dow futures are lower and even FTSE is down and oil is slowly scaling up.....and to top of it all....extreme short term indicators are very overbought with two days of massive rise......

But.....even then....a possibility is a possibility !!!!

(Just a thought)