Nifty Intraday Pivot Points

[anilbezawada]

Re: BankNifty Intraday Pivot Points

Hi Savant Sir,

I messed up big time in the last one week.

On Monday I squared one lot of Banknifty 7350 short position at 7405.

Then picked up 2 Lots of Banknifty at 7370.

After a couple of days I wanted to get some money back out of the index fluctuations. So Exited one lot at 7088 and one lot at 7144 hoping to buy back again at a lower price.

And before i can re renter Banknifty went to 7410.


There are lot of mistakes I committed this week and have learnt a few lessons. But I need you help to decide when to reenter. What level is a good level to pickup Banknifty again.

Regards
Anil Bezawada

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Anil,

A) Never Get Complacent, Irrespective Of How Much Money You Have Made In Your Earlier Trades.

B) Always Trade The Direction Of The Trend, This Is Where Your Judgment Went Wrong Taking An Overnight Position Against The Direction.

Anyways, Everything That We Do Wrong Or Right Is A Learning Experience...

Let's See How The Market Is Tomorrow...Then We Can Decide On Positional Trade In BNF.

Happy & Safer Trading

SavantGarde

Hi Savant Sir,

I messed up big time in the last one week.

On Monday I squared one lot of Banknifty 7350 short position at 7405.

Then picked up 2 Lots of Banknifty at 7370.

After a couple of days I wanted to get some money back out of the index fluctuations. So Exited one lot at 7088 and one lot at 7144 hoping to buy back again at a lower price.

And before i can re renter Banknifty went to 7410.


There are lot of mistakes I committed this week and have learnt a few lessons. But I need you help to decide when to reenter. What level is a good level to pickup Banknifty again.

Regards
Anil Bezawada

 

[anilbezawada]

Re: BankNifty Intraday Pivot Points

Yes sir. This time no complacency. I will stick to what ever you say.

Regards
Anil Bezawada

 

[srichakra]

Re: BankNifty Intraday Pivot Points

Dear Savant,

Can you provide me a link to the post that has the details as to how to use this system for trade in Bank Nifty. I would really appreciate it.

Thanks,

Sri

 

[penchant]

Re: BankNifty Intraday Pivot Points

Hi Penchant,

Congrats !!! To You & Anil For Holding On

Next Target 7830.00 & Change The S/L From 7480 To Today's Low, Considering Target Was Reached Earlier Than Anticipated.

Happy & Safer Trading

SavantGarde

Savant Sir;
Low of today is at 7362.20.I placed stop loss order at 7560.
Should I place the same stop for tomorrow also?
would appreciate your guidance. BIG THANK YOU.
Rgds.

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Sri,

You Simply BUY When You See 'BUY' Against The Date & Similarly For SELL

Continue Holding Till You Are Stopped Out Or Target Is Reached.

Happy & Safer Trading

SavantGarde

Dear Savant,

Can you provide me a link to the post that has the details as to how to use this system for trade in Bank Nifty. I would really appreciate it.

Thanks,

Sri

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Penchant,

Your S/L For Tomorrow Is OK & Should Be Able To Survive......

Incase It Triggers BUY It Wherever You Think It May Have Reached Low During The Day & May Reverse.

Happy & Safer Trading

SavantGarde

Savant Sir;
Low of today is at 7362.20.I placed stop loss order at 7560.
Should I place the same stop for tomorrow also?
would appreciate your guidance. BIG THANK YOU.
Rgds.

 

[anilbezawada]

Re: BankNifty Intraday Pivot Points

Hi Savant Sir,

July Series is trading at 7296. Can I enter at this level.

Regards
Anil Bezawada

 

[SavantGarde]

Re: BankNifty Intraday Pivot Points

Hi Anil,

You Can Enter At Of The Levels No Problem, But BUY Just 1 Lot & Maybe Will Pick Up 7600 JULY CE On Dips...So Watch For That As Well.

Also Keep An Eye On JULY 60 CA Of IFCI...You Will Need To Use Your Judgment For Entry Cause There Is A Lot Delay By The Time I Post Anything For You.

Happy & Safer Trading

SavantGarde

Hi Savant Sir,

July Series is trading at 7296. Can I enter at this level.

Regards
Anil Bezawada

 

[praveen taneja]

Re: BankNifty Intraday Pivot Points

Savant bro I took Banknifty at 7300 for a tgt of 7500 minimum what should be my sl i m thinking of 7227