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Nifty Futures Trading

Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by milkyblack gone short again at 4935 SL reduced to 4942 Regards Exited ...


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


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  #3821  
Old 17th April 2008, 10:50 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by milkyblack View Post
gone short again at 4935 SL reduced to 4942

Regards
Exited all shorts at 4942...

Regards
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  #3822  
Old 17th April 2008, 10:51 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Will short again at higher levels

Regards
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  #3823  
Old 17th April 2008, 10:51 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

confirmed but missed coz of too many phone calls ,.. ( it would be for a broker like me .. )
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  #3824  
Old 17th April 2008, 10:52 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Entered long at 4940,sl at low of day....


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  #3825  
Old 17th April 2008, 10:52 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

50 % out at 4950,SL enhanced to Entry @ 4939.95.
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  #3826  
Old 17th April 2008, 10:53 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Ajax ,.. seeking your help on pattern ,.. plz look at 1 min ,..!!
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  #3827  
Old 17th April 2008, 10:55 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Enhanced SL to 4949.95 (above entry for Long)
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  #3828  
Old 17th April 2008, 10:55 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Enhanced SL to 4959.95
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  #3829  
Old 17th April 2008, 10:55 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by milkyblack View Post
Well for the following reasons...
1. Nifty unable to cross the earlier pivot of 4970 till now even after a gap up opening.
2. Yesterday there was profit booking suggesting lack of Long conviction at higher levels.
3. I believe there would be a correction after 2 consecutive up moves (tough i may be wrong over here).
4. Non techical reason that there is a 3 day weekend so traders might be cautious to take long positons.

but if 4971 is taken then i would go long in the market with proper SL given at tht point in time

Regards
Thanx for the input. However your point no. 1 ,u wuldnt know this at the timeof your post.
Overall your reasons seem to be clear though i was in my mind expecting some more TA based reasons.
Regards
R K Karnani
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  #3830  
Old 17th April 2008, 10:56 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Stop Profit Hit ( a 19.95 points in 3rd Trade)
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