Nifty Day Trading

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Apr 27, 2012
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#11
Please do not enter in trade if nifty opens much above/below mentioned levels. In today's case it opened at 5281 much above buying level of 5262 & near TGT1 5293, so do not trade in such cases. Whereas when Nifty breached 5262 on downside our TGT1 5235 achived.

Thanks

what exactly does this mean

here both order will get executed
so no loss no profit -

:confused::confused::confused:
 
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Apr 27, 2012
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#12
In my BankNifty Day Trading thread I had recommended

Buy above 10285 TGT1 10318 TGT2 10362 TGT3 10400
Sell below 10280 TGT1 10230 TGT2 10180 TGT3 10110


BankNifty opened at 10280 & it achived TGT2 (made high of 10375) whereas on downside when it breached 10280 it made low of 10242 so you can trade both sides.

Once TGT1 is crossed & price move towards TGT2 move stoploss little below of TGT1 in case of BUY call & little above of TGT1 in case of SELL Call.

Thanks.

Please do not enter in trade if nifty opens much above/below mentioned levels. In today's case it opened at 5281 much above buying level of 5262 & near TGT1 5293, so do not trade in such cases. Whereas when Nifty breached 5262 on downside our TGT1 5235 achived.

Thanks
 

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#14
NIFTY Levels for 03/05/2012

Buy above 5245 TGT1 5265 TGT2 5291
Sell below 5245 TGT1 5212 TGT2 5198
T1 already done on the sell side, no further selling ?? or does one take a position.
 

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