nifty swing trading ideas without TA

[akrsrivastava]

20 point first target achieved in future,though it is just short by 1 point in spot

Nifty opened gap down today below our short entry price. How did you handle the trade?

 

[gurmy.]

Nifty opened gap down today below our short entry price. How did you handle the trade?

market is in a downward correction,and it furthur opened gap down and we are waiting to take afresh position

so we should wait some time to let the market settle and see where it goes

but if u go by the system,it was a sell as soon as market opened

so it is upto u how u trade the system

this type of thinking/reasoning,sometimes favours us and sometime it goes against us

last time it went against me and this time it favoured me

thanks

 

[gurmy.]

GM friends,

system update

short opened yesterday at 5947 NS

first target achieved yesterday

SL for today is above 5979

fresh buy is above 5991 NS

thanks

 

[gurmy.]

nifty is at a crucial level

5940 is a good support level for nifty

it closed just below it yesterday

if today it manage to hold 5940,we may expect a bounce from this level,which can go to 5980

but if nifty is unable to hold 5940 than the next major support is at 5850,with minor support at 5900 and 5875,in between

thanks

 

[rnmathur4965]

nifty is at a crucial level

5940 is a good support level for nifty

it closed just below it yesterday

if today it manage to hold 5940,we may expect a bounce from this level,which can go to 5980

but if nifty is unable to hold 5940 than the next major support is at 5850,with minor support at 5900 and 5875,in between

thanks

hi

Please tell me how do you calculate support and resistance levels for NIFTYT.

Thanks

 

[gurmy.]

nifty is at a crucial level

5940 is a good support level for nifty

it closed just below it yesterday

if today it manage to hold 5940,we may expect a bounce from this level,which can go to 5980

but if nifty is unable to hold 5940 than the next major support is at 5850,with minor support at 5900 and 5875,in between

thanks

GM friends

on friday nifty could not hold5940 and ultimately took support at 5900,closing just above it

until nifty closes above 5940,the downtrend continues

any bounce towards 5950 should be taken as a opportunity to short with a sl of 5975

 

[gurmy.]

system update

carrying one short position opened at 5947

SL for today is above 5954

fresh long is above 5979

thanks

 

[gurmy.]

system update

carrying one short position opened at 5947

SL for today is above 5924

fresh long is above 5954

thanks

 

[gurmy.]

due to closing of china market,market will be in a very small range

waiting for a big trigger to b/o either side

 

[gurmy.]

system update

carrying one short position opened at 5947

SL for today is above 5924

fresh long is above 5954

thanks

sl triggered