Trading Nifty by Levels

khushi00

Well-Known Member
yeh hui na baat :thumb::thumb::thumb::thumb:
wn u longed ?????????????
keep SL tight as it moved up only coz it bounced from support of 4845
i know tht upward movement is just a jerk from support
 

khushi00

Well-Known Member
Since morning i told na that longs must be precautious
made bumper profit by sellin at senti level of 4872 around n coverin at 4825 wid SL at 4885
since yesterde i was lookin for this trade of 20-30 points if u all remember
earned more Rs.22500 on 10 lots
i mixed fundamental wid technical
fundamental said nifty seems weak
technical gave level to short

hope u all understand
 

khushi00

Well-Known Member
I think the upward surge is created by too many shorts being created.
right! may be other reason
but 1 thing was clear tht it wont sustain above 4878 as it nowhere seen near my resistance 4930 while upward move so downward move till 4845 was sure thts my 1st trgt but movement is so fast tht i holded short till bounce back after 4820
 

khushi00

Well-Known Member
now either it will move towards support of 4800 or 4845
*********************************************
again shorted at 4842 as nifty futures failed to hold support
Trgt 4832, SL 4855
Trgt booked
Novice traders plz see how i m choosing levels to trade
its gamble but everything is fixed
got rs.2500 more in 5 lots
see y i reduced trade(lots) as it was risky trade (called trading wid discipline)
nifty can go anywhere at support so risky trade
 
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