Trading Nifty Future

#51
i did intraday in DLF from last 2 months
i loss rs 15000
i on 2nd august i decided that take only positional no intraday
so on monday i am taking minifty for sell thats positional
give me suggestion.
 

nifty

Active Member
#52
Hello tcdaund,

Positional trading is always better than intraday trading. I also have developed 2 intraday strategies and in backtesting found they are successful. But I discovered profit from positional trading is always more than intraday trading.

Regarding short position in mini nifty. I can't give you any suggesstion as I am technical trader I just follow the signal (Long/Short/Exit) given by mine trading model. As of now I have exited my long and I'll enter short in range 5325-5305 .


Happy Trading...
 

saivenkat

Well-Known Member
#53
At what level fresh long in nifty should initiated ?
At present no long position should be initiated, and more over we can not make a wild guess about the levels of making fresh longs.

If you have initiated longs at the levels of 5320, you can hold it with SL of 5300.

At the present juncture, though the uptrend is intact, most of the indicators predict that a we are heading for a correction.
So its wise to stay away from longs and wait for a good time to short the markets.

Regards
Saivenkat
 

nifty

Active Member
#54
At what level fresh long in nifty should initiated ?
Hello,

Don't know how I missed your post :confused:.

Market is trading in sideways and movement of nifty is getting slow day by day. If you are not trading in nifty future then I would say stay away from market and start trading when you will find VIX will be more than 25 atleast 10-15 days.

If you are already trading and willing to initiate long position then go long at if nifty touch 5340 with stoploss in the range 5325-5305.

Happy Trading....
 

nifty

Active Member
#55
Hello,

Updates for 29 July: Hold long position initiated on 28th july. Although nifty triggered exit point on 29th july it wasn't triggered in Aug Contract.

Updates for 30 July: Nifty opened below the exit point. So I traded with trailing stoploss of -20 to high. And this stoploss is triggered at 5397 so I am exit @ 5397.

In case of Gap opening I put stoploss less 20 points of the high.

Happy Trading...
 

nifty

Active Member
#58
HI Nifty

I have minifty at 5405 long...should I cover it at 5430 & stay nutral or keep it...
I am positional trader...

Arun
Hello,

Indian market have strong uptrend but it moving very slow. In such case I would recommend to hold the long position with stoploss at 5375 as you have initiated long at 5405.

Happy Trading...
 

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