Trading Nifty without Nifty

Discussion in 'Trading Diary' started by ajeetsingh, Nov 17, 2016.

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  1. ajeetsingh

    ajeetsingh Well-Known Member

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    In past few days I started trading Nifty without nifty future.
    That is watching movement of Nifty but taking position
    in one/two/three stocks of nifty instead of buying/selling nifty future.

    I feel, I have better command on stocks rather than index
    so lets see how it performs in coming future

    This thread is only for the purpose of some betterment of trades
    which I will post after execution and completion.
    Usually I don't trade daily but still I am
    Looking for a return of 50% in a year.

    My past history has improved much, with better understanding for Index
    My early trades of trading life were disasters...
    then i got trapped in stocks calls providers net and lost much in their fees
    Then begun my learning period and I started recovering my loss...

    For past 2-3 years, I wanna take trading as my full time carrier
    but didn't got that much confidence yet.
    For my history, you can visit my thread in other forum by googling:
    trading/216236
    I cant post link here as its against forum rules.

    All trades posted here are Intraday
    and logic behind every trade is only and only
    Support and Resistance
    this is the area where I am constantly studying...

    Thank You
     
    vijkris, angira, Relish and 4 others like this.
  2. ajeetsingh

    ajeetsingh Well-Known Member

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    Trade for 11 Nov 2016:

    [​IMG]




    Trade for today:

    [​IMG]


    If anyone has any doubt for a trade then simply look out for support and resistance or I will post the chart....
     
    Last edited by a moderator: Nov 17, 2016
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  3. TradeOptions

    TradeOptions Well-Known Member

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    All the best Ajeet bhai :thumb:
     
  4. sreperu

    sreperu Active Member

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    All the best. Please post the charts for better understanding

    Sent from my Lenovo K50a40 using Tapatalk
     
  5. ajeetsingh

    ajeetsingh Well-Known Member

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    [​IMG]


    [​IMG]
     
  6. ajeetsingh

    ajeetsingh Well-Known Member

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    BankNifty Future

    R1=19235, R2=19330, R3=19475 (for this stay abv R2 must for 15 min)
    S1=19050, R2=18950, R3=18700 (for this stay blw S2 must for 15 min)



    Nifty Future

    I am more biased towards shorting Nifty
    R1=8110, R2=8130, R3=8165 (if it stays abv R2)
    S1=8070, S2=8050, S3=8015, S4=7990 (for me 8050 is crucial support)
     
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  7. ajeetsingh

    ajeetsingh Well-Known Member

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    As I told 8050 is crucial support for me
    so today I bought @ 8061 and booked 8081 just now

    Gain= 20 points
    Total since 18 Nov 2016= 20 points
     
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  8. ajeetsingh

    ajeetsingh Well-Known Member

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    BankNifty Future

    R1=19100, R2=19185, R3=19350 (for this stay abv R2 must for sometime)
    I will be again cautious at higher levels
    S1=18900, R2=18800, R3=18620 (for this stay blw S2 must for sometime)
    If fear for BNF then try luck in PNB and watch level of 146



    Nifty Future


    R1=8100, R2=8125, R3=8165 (if it stays abv R2)
    At higher levels think twice before buying
    S1=8050, S2=8030, S3=7975, S4=7925 (for me 7925 is crucial support)
    Major hurdles are 8170 at higher and 7925 at lower.
     
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  9. ajeetsingh

    ajeetsingh Well-Known Member

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    Today Resistance at 8100 and high was 8109
    After opening it instantly started falling so shorted at market price
    at 8079.60 after watching 2-3mins
    booked 8050
    ***I will Never post screenshot of Nifty/Stock future trade as it's traded with friend and in his account.
    Trades in cash are also in collaboration but they are in my account

    Gain: 29 points
    Total since 18 Nov 2016= 49 points

    As nifty was falling so took 2 more short trades in cash although risk was high...

    [​IMG]
     
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  10. ajeetsingh

    ajeetsingh Well-Known Member

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    As level of 146 breached in PNB
    which was crucial support
    Shorted PNB Fut. at 145.90 and just covered 143.50
     
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