Nifty : Real time discussions...!

[linkon7]

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bulls didnt take the initiative....!

Price drifting down... searching for buyers...!

exited half at 5395...! balance with sl at 5808.8

 

[kevin_shah]

i think stops below 5390, for futures below 5395 is going to trigger sirjee
so anyone having stops above 5410 beware.....

 

[trillian]

Good Initiative Linkon .....

Will try to give my view based on MP.

Trend day likely . 5425 key level on upside. Shorted nifty at 5410 with days high as strict stop loss.

Covered Partial @ 5395 (Yesterday's low zone ) Keeping the rest shorts with same stop (5425). rotation likely here..

 

[linkon7]

tgt 5375.05 for the balance...!

 

[rkkarnani]

Trend is my friend, but a most unreliable friend...!


Issue is, trend exist in all time frame and they can create conflicting mixed signals.

Trade what you see sometimes becomes difficult as the eyes see what it wants to see....!

There is no right way of trading. Anything that works for someone, be it predicting and having the conviction to follow through... will work as long as he has courage to act on his conviction.

Agree to most of what you say but not all of it!!
Problem probably does not lie entirly with "prediction" but more with the conviction, and this "conviction" is most traders lack, probably the most scarce commodity in Stock Market, be it about their trading system, their trading style , even themselves and be it their prediction!! Sort of saying that we need "discipline" with "conviction" to succeed!!

 

[kevin_shah]

yippe...just waiting for my target of 5380 to be hit , the rest will be free trade, as my commissions will be free and my risk almost nil...this i call..."FREE TRADE"

 

[linkon7]

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sl now at 5396.80 !

 

[kevin_shah]

its just a slow grinding day man..target aate aate mujhe neend aajayegi ...
i think i shud leave my screen...and make a tea for my self...seriously bahut neend aa rahi hai

 

[linkon7]

exited all at 5385...!

Its raining like crazy today...! dont trust CESC on such days. !

 

[kevin_shah]

Oh god man it just touched 5382 lvl and gone back
can any body tell me is my target on 5380 was right??or may be i misjudged..