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


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  #1881  
Old 19th March 2008, 10:22 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Now 4690.00 is the 'Critical Point'.
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  #1882  
Old 19th March 2008, 10:30 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Going short below day's low. Market breaking 78% retracement on spot (~4684) for the january pullback.
Will target 4620-30 on Spot. To maintain its 60-min uptrend, market should not go below it. To close inside the weekly low, we need to close above this level today.

Last edited by aca_trader; 19th March 2008 at 10:37 AM.
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  #1883  
Old 19th March 2008, 10:31 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Short triggered @ 4690.00 SL = 4700.05
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  #1884  
Old 19th March 2008, 10:31 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

shorted with 4700 as sl
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  #1885  
Old 19th March 2008, 10:33 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Going short below day's low. Market breaking 78% retracement on spot (~4684) for the january pullback.
Will target 4620-30 on Spot. To maintain its 60-min uptrend, market should not go below it. To close inside the weekly low, we need not not close below this level today.
Short now @4678.
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  #1886  
Old 19th March 2008, 10:34 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Covered 50 % @ 4663.65
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  #1887  
Old 19th March 2008, 10:35 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Balance 50% SL brought down to 4690.05
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  #1888  
Old 19th March 2008, 10:38 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by uasish View Post
Balance 50% SL brought down to 4690.05
ASISH bhai u trade very fast .....voooom.......xlnt..
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  #1889  
Old 19th March 2008, 10:46 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

SL brought down to 4686.05 (below Entry now)
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  #1890  
Old 19th March 2008, 10:51 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

On Daily charts, it's the retest of january low on Sensex. If not able to breach the high of today, a bigger fall may be lurking around the corner.
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