Aman
see nifty started hovering around this level
so traders started making up mind to go short or long
or waiting for some news
good or bad
so try to follow trend
as nifty still hovering around it thats y i give importance to these levels
for trendy market
news were strong so simply run graph n follow signals
for flat market keep eyes on sentilevel as macd whipsaws here
then look calls n puts
the moment all r bearish or bullish go long n short at once
so u r able to decide when market is trendy n when is flat by lookin calls n puts
(as someone asked me how to check in some early posts)
somebody also asked diff b/w gann n senti
today nehal said
Buy above 4607 Stop loss 4590 target 4622 4639 4656
Sell below 4590 Stop loss 4607 target 4575 4559 4542
but senti say if macd or calls n puts say then u can go,long at 4590 itself
without waiting for gann level of 4607
rather book trgt at 4607
also if u short at 4590 then put graph f 2 mins book small profit of 5-10 points before gann trgt 4575
as u were following macd ur SL can never be more than 13 points
this is my strategy, little bit tough to follow............ sorry
Fr me nifty is just not a gamble of a buy or sell at 2 levels
it is like a human who has emotions
it rides
it rest
it falls
it rises
it shines
it fades
it dies at expiry
it born on last thu of prev month
so we have to understand it before trading
so all questions answered