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Derivatives Discuss Futures & Options in securities whose value is derived from an underlying instrument.


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  #1661  
Old 17th March 2008, 12:35 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Out Breakeven....


Saint
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  #1662  
Old 17th March 2008, 12:36 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by sramu1 View Post
I am glued to CNBC all the time.. bcos I am taking the opposite stance of what most of them tell.. and man is it working !!!!! I guess contraraian view have never been better than NOW !!!!!
Ah,good for you,my friend!

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  #1663  
Old 17th March 2008, 12:48 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Shorted at 4554. Shorted below the mid line of BB on 5 min as Sensex had touched its key Fib level on EOD chart (15143) prior to session close and came below it. The set-up was ready, was just waiting for a clue to entry.
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  #1664  
Old 17th March 2008, 01:11 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Shorted at 4554. Shorted below the mid line of BB on 5 min as Sensex had touched its key Fib level on EOD chart (15143) prior to session close and came below it. The set-up was ready, was just waiting for a clue to entry.
NIFTY FUTS 4516...Well done,Ashish!

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  #1665  
Old 17th March 2008, 01:12 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Shorted at 4554. Shorted below the mid line of BB on 5 min as Sensex had touched its key Fib level on EOD chart (15143) prior to session close and came below it. The set-up was ready, was just waiting for a clue to entry.
Added to shorts below day's low.
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  #1666  
Old 17th March 2008, 01:13 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
NIFTY FUTS 4516...Well done,Ashish!

Saint
Thanks a lot for your encouragement Saint!

Regards,
--Ashish
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  #1667  
Old 17th March 2008, 01:14 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Shorted at 4554. Shorted below the mid line of BB on 5 min as Sensex had touched its key Fib level on EOD chart (15143) prior to session close and came below it. The set-up was ready, was just waiting for a clue to entry.
You are right on today! Thanks for timely posts too ...

-- Milind
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  #1668  
Old 17th March 2008, 01:15 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Added to shorts below day's low.
Added only small quantity as on EOD charts it should be a support level for NIFTY.
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  #1669  
Old 17th March 2008, 01:19 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by milind View Post
You are right on today! Thanks for timely posts too ...

-- Milind
Thank you milind for your kind words.
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  #1670  
Old 17th March 2008, 01:23 PM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY is near to its support area on EOD charts. Check the congestion in sept 2007 with a round figure around the corner in an oversold market. will book partial profit if high of any 5 min bar is violated around this zone.
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