Nifty Futures Trading

[debdeeps]

4274 is the NF level from where we has a sharp fall yesterday and a good resistance now.

 

[Saint]

Well done,Lalith.....

Saint

 

[Sunil]

Sunil......no real advice or guidance......just whatever the market offers,find ways to put in profitable trades either direction.

Daily,Weekly,Hourly ....all in a downtrend for now.

5min is in an uptrend.....for now,waiting for the recent pivot low to crack and go short.

Saint

yes sir, that's why i was confused... except 5mt (that too since near yesterday's close) in in UT, but rest are not...

i can scalp for intraday trades..(today i can see HH, HL formation till now - and will wait to see the reaction at yesterday's HOD)...

but, i really become uncomfy mentally when i dont know where the market is headed... 5mt & 60mt are totally confusing me...

i think i'll just stick to ONLY intraday trades till rest of week, and as you righly advised, wait for the pivots to crack upside/downside

 

[learn2trade08]

now trailing 4254(breakeven after comission)....nf premium at 6 points as of now...looks like all guru's are shorting.
thanks

LOOK OUT FOR SPOT 4270/80...
yesterday's HOD

 

[Sunil]

now trailing 4254(breakeven after comission)....nf premium at 6 points as of now...looks like all guru's are shorting.
thanks

i think one should book part -profits near resistance levels & trail for rest...

if u trade in 1 lot of NF, for eg, i would advise you to trade in 3 Mini nifty

thus, ur position risk is nearly same, plus u can keep booking regular profits, w/o missing the upside & w/o worrying abt breakeven...

 

[learn2trade08]

thanks,
excellent strategy,never thought of that...
thanks again

i think one should book part -profits near resistance levels & trail for rest...

if u trade in 1 lot of NF, for eg, i would advise you to trade in 3 Mini nifty

thus, ur position risk is nearly same, plus u can keep booking regular profits, w/o missing the upside & w/o worrying abt breakeven...

 

[Sunil]

acc. to vijay bhambwani (ta), hourly resistance for 10:30 - 11:30 is 4282 FUT
yesteday's HOD was 4289 FUT

 

[Sunil]

thanks,
excellent strategy,never thought of that...
thanks again

bro, i have gone thru same steps before early this year... every newcomer goes thru this phase, when he graduates from paper trading to actual trading...
here, MINI FUT really comes handy..

though i think many of us (incl me) sometimes use MINI when in doubt

 

[Ank!t007]

Nifty peanut on 5 min.

Nifty Spot 10min

Break on either side may give a direction.

Ankit

 

[himalayahermit]

hi guys! is this right time to go long nifty futures. I am confused.