Trading Nifty by Levels

[khushi00]

see how it returned from resistance 4775
so take caution

 

[khushi00]

Good choice. Now look for 4780 or higher levels

-Anant

Asnavale i m thinking to short @ 4755
will it be fine?

 

[asnavale]

Asnavale i m thinking to short @ 4755
will it be fine?

Sorry, I went out, so delayed reply. I hope you have initiated the short. initial Target would be 4730 or around that. If it does not breach 4740 then cover up.

-Anant

 

[khushi00]

Sorry, I went out, so delayed reply. I hope you have initiated the short. initial Target would be 4730 or around that. If it does not breach 4740 then cover up.

-Anant

No i had not shorted yet

 

[asnavale]

see how it returned from resistance 4775
so take caution

In this type of cases I do not go by trailing Stoploss alone. I initiate a counter trade near the target. In the present case the long was @ 4744 with a target of 4780. As it reached 4775, I initiated a counbter trade by shorting @ 4775, keeping the long alive. Once the price fell below 4770, I liquidated the long and persisted with the short for a target of 4735-35. At 4740 I initiated a long and waiting to liquidate the short @ 4755 and retaining the long.

-Anant

 

[asnavale]

The Short is covered and the Long is active. Aiming for 4770-75 levels

-Anant

 

[khushi00]

The Short is covered and the Long is active. Aiming for 4770-75 levels

-Anant

But i had shorted @ 4756

 

[sumosanammain]

In this type of cases I do not go by trailing Stoploss alone. I initiate a counter trade near the target. In the present case the long was @ 4744 with a target of 4780. As it reached 4775, I initiated a counbter trade by shorting @ 4775, keeping the long alive. Once the price fell below 4770, I liquidated the long and persisted with the short for a target of 4735-35. At 4740 I initiated a long and waiting to liquidate the short @ 4755 and retaining the long.

-Anant

How can you create a short if your long is still alive? Maybe you meant I Isold my longs, waiting for a change in direction? Either that, or all my years of screen experience was futile, a I have still not learnt how to keep a long and a short both at the same time, in the same series, and in futures.

 

[khushi00]

Covered 1 lot@ 4746

 

[khushi00]

How can you create a short if your long is still alive? Maybe you meant I Isold my longs, waiting for a change in direction? Either that, or all my years of screen experience was futile, a I have still not learnt how to keep a long and a short both at the same time, in the same series, and in futures.

I dont know how asnavale do this
But i have 2 running trading accounts one on name of me n other on name of my husband