Nifty Futures Positional Trading

oilman5

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"I lose, I recover, with a little profit" is the cycle I am in. Every turn-around leaves me with a little more clarity.

:)
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i am in the same cycle brother. The moment i think after down thrust , it may continue - ACTUALLY it moves up.The moment i think after upthrust , it may continue - ACTUALLY it moves down.So analysis = i am wrong.
i say volatility= means i dont know.
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regards
 

jamit_05

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Will take short positions in July series below 7487 Spot. There are several ways to do get into the short positions. I will use 15min intraday pivots for entry. And some common-sensical rules for SL. If trend turns bearish, will take profit as the fall deepens. First target on Daily Spot is 7100.
 

jamit_05

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Took one SL hit, and the second attempt is underway. Shorted NF Aug at 7576. Have tightened the intraday SL to 17 points.
 

jamit_05

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Cannot ignore the fact that currently highest Open Interest is being added in 7000 PE. So, if I end up taking short position (at break of 7488) then my first exit point will be Nifty Spot 7000.
 
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Keep a close eye on 30/06/2014 nifty spot levels @ 7400-7430 , any bounce back from these levels will be a buying opportunity .
 

jamit_05

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Short entry failed today. Tomorrow, will seek to go long above today HOD break or short below LOD break... but not both. Am biased towards longs, cuz some pullback after a 350 points fall is expected. Option table show a ceiling of 80CE on the upside.
 

jamit_05

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Exit Triggered at 11724.50
Re-entry at 11739.2 (Due to 15 min pivot high being taken out after previous LOD break, marking a LOD failure.

SL: 11711.85
 

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