Nifty Futures Trading

[Sunil]

trailing stop 4185 FUT

 

[Sunil]

Stop profit for shorts now 4180 FUT

 

[uasish]

Long from 4168.00 Stop= 4159.95

 

[Sunil]

stop profit hit for shorts

 

[uasish]

Released 50 % @ 4183.20

 

[uasish]

Balance Stop brought to Entry @ 4168.00

 

[uasish]

Now Stop enhanced to 4174.95.

 

[Sunil]

cannot say for sure (since i just started observing HH, HL formation theory with Asish sir's guidance), but i have noticed that when such UT formation is in place, then SPOT hardly goes down the previous close or atleast does not spend much time below that level...

Infact, the previous close has proved to be a good/safe entry point to go long for intraday trading... (Friday's SPOT close was 4092)

dada, i had first thought of this... but did not have much conviction... thought of covering remaining shorts near 4160 spot... went down only till 4165...

 

[uasish]

Released 25 % @ 4183.90

 

[uasish]

4162.95 is the Support area.