Nifty Positional trading

[Bullseye123]

If nifty managed to stay and close above 7777 on closing basis .... i will enter with 1 lot of nifty future .... and will buy 50 % of nifty bees of my holding capacity.

Lets see ...
happy trading friends

 

[Bullseye123]

Out of greed took position at 7808 (nifty cash level) just after above posting.
It seems Market is not going to go down today ... so will buy at 3:15 PM onward another more nifty future.
Will update about the average cost later.

Happy trading friends
(well .. a greedy trader is a bad trader )

 

[Bullseye123]

Average is 7820 for 2 lots of nifty (cash levels allways).

Niftybees at 790.10

Lets see ....

 

[Bullseye123]

Tomorrows SL for nifty future position is nifty spot closing below 7802..
Must take decision within 3:15 to 3:30 PM.
Going to keep Nifty bees here even if market falls .... i have more 50% capacity to average out at lower levels.
But safe one can still exit of nifty bees once nifty spot closed below SL.

 

[Bullseye123]

Todays days low of nifty spot
STILL NOW (2:20PM) is 7802 !

Lets see....

 

[Bullseye123]

and it got broke lol ... lets see if nifty spot close above 7802 or NOT

 

[Bullseye123]

Sorry for the delayed post .... Booked 1 lot of nifty at 7784 nifty spot level ... before closing. loss is 7820 - 7784 = 36 points + 10 point (brkg) = 46 points

Holding 1 lot of nifty and niftybees (50% of capacity) .... lets see

 

[TraderRavi]

Sorry for the delayed post .... Booked 1 lot of nifty at 7784 nifty spot level ... before closing. loss is 7820 - 7784 = 36 points + 10 point (brkg) = 46 points

Holding 1 lot of nifty and niftybees (50% of capacity) .... lets see

10 point brokerage per lot is too much it should not be more than 2 points.
last few days nifty is in sideways hitting SL of swing traders.

 

[Bullseye123]

Yes ... its too much in religare.
(both side) brokerage + Service Tax (ST) + Regulatory + stamp duty charges

Did you consider this all! I think it will be close to 8 points if not with religare and also if not with discount brokers.... but i like their service , been with religare since 2007.
I will try to discuss it later Trader Ravi

 

[Bullseye123]

Tomorrows SL for all longs is Nifty cash closing below 7830.

Happy trading friends