Trading Nifty by Levels

[khushi00]

Shifted SL @ 4756 to preserve profit

 

[khushi00]

I know traders love level of 4735 but how much they love that i dont know, so waitin......

 

[khushi00]

Hurray met 4742

:lol::lol::lol::lol:

 

[khushi00]

Still hope that it may touch 4730..........

 

[khushi00]

No prob in short till spot trade below 4747

 

[khushi00]

Final trgt for short 4720 .......... lets see
This is 1st senti level trgt who shorted @ around 4750
as trend getting bearish

 

[sumosanammain]

Yes it will be a flat position if long & short are initiated all the time. But you can do such things occasionally when you are already having a good profit, and nearing a resistance/support zone, you can have both positions and liquidate the appropriate positions with a risk of about 10 points only.

-Anant

Again you use the word " both positions " whereas you have " no position "

Its too deeply entrenched in your methodology for me to make you realize it. So, I leave this issue here

 

[khushi00]

No prob in short till spot trade below 4747

now no prob in short till spot is below 4737

 

[khushi00]

spot near 4737 so take precaution

 

[khushi00]

shorted @ 4760