Re: BankNifty Intraday Pivot Points
Anil,
Seniors have already given their suggestions to you but one suggestion that I had was this
- If you doing a positional trade (buy and hold for a few days), then put your stop losses at pivot lows as per the daily charts.
I am also holding Praj (stock, not futures, for a positional play) and the pivot low as per me is 86.15 made on 27th. So my stop loss would be something like 84.85 (giving a filter of 1 or so and make it an obscure stop loss).
Also I am in the same boat as you of having made losses in some of my previous trade. But, please do not be in a hurry to make up for those !!
Regards,
Enygma.
Anil,
Seniors have already given their suggestions to you but one suggestion that I had was this
- If you doing a positional trade (buy and hold for a few days), then put your stop losses at pivot lows as per the daily charts.
I am also holding Praj (stock, not futures, for a positional play) and the pivot low as per me is 86.15 made on 27th. So my stop loss would be something like 84.85 (giving a filter of 1 or so and make it an obscure stop loss).
Also I am in the same boat as you of having made losses in some of my previous trade. But, please do not be in a hurry to make up for those !!
Regards,
Enygma.
Hi Savant Sir,
Please help me in putting good stop loss. Every time my positions are getting closed because I hit the stop loss and then the scrip/index bounces.
In the case of PRAJIND i took the low pivot formed yesterday (88.5) as the stop loss and that got hit today. When the whole market was going up this guy hit stop loss .
Last time I did not put a stop loss for LICHSGFIN and I was hit badly. Lost some 30K in that trade eventually.
Please let me know how to come up with a good stop loss.
Regrads
Anil Bezawada
Please help me in putting good stop loss. Every time my positions are getting closed because I hit the stop loss and then the scrip/index bounces.
In the case of PRAJIND i took the low pivot formed yesterday (88.5) as the stop loss and that got hit today. When the whole market was going up this guy hit stop loss .
Last time I did not put a stop loss for LICHSGFIN and I was hit badly. Lost some 30K in that trade eventually.
Please let me know how to come up with a good stop loss.
Regrads
Anil Bezawada