Nifty Futures Trading

tsunil4u · #**8671** 21st July 2008, 02:39 PM

wow, CAC is inching towards GREEN, after -0.8%

deb99891 · #**8672** 21st July 2008, 02:40 PM

this is the market where we can trade both way with the outperformers
other than nifty future
regards

Smart_trade · #**8673** 21st July 2008, 02:44 PM

Quote:

Originally Posted by lvgandhi

Can you please tell who is the broker?

Name of my broker is Kaynet Capital Ltd ( Tel 020-25510763/64/65/66 Contact person : Mr Girish.).They are more than a decade standing,they give V-sat,lease line or internet connectivity.They give ODIN Diet as trading platform and they have a very active trading room which you can ring up and trade in case you want to square up yr position in the event of power or internet failure.

It may be a good idea to negotiate low brokerage with some brokers who have internet trading platforms and a good trading room support for Traderji members. Has any effort been done earlier ?

I hope this answer does not amount to advertising for any broker.I have no interest in any of them .

Happy Trading

tsunil4u · #**8674** 21st July 2008, 03:00 PM

nifty was about to make a new HH at around 12:30 when EU opened in red and led to sideways movements...
Now, once EU turned well in green, a new HH has been made....

hmm... interesting....

tsunil4u · #**8675** 21st July 2008, 03:03 PM

also, FUT in premium....
will look to exit remaining longs at around 4180-85 FUT, with trailing SL below 4150

tsunil4u · #**8676** 21st July 2008, 03:05 PM

take care, spot is at its R1, and RSI is high nearing 80

tsunil4u · #**8677** 21st July 2008, 03:12 PM

exiting all here, holding position since more than 2 hours...
phew...

time & patience running out

tsunil4u · #**8678** 21st July 2008, 03:17 PM

Quote:

Originally Posted by tsunil4u

OUCH...
EU opens in red -0.25%

friday jaise pappu mat banana iss baar...

CAC ne phirse aaj pappu banaya...
from -0.8% to +0.5% now....

anyways, it actually provided a good entry point at 4100 SPOT level around 1:00 pm

yeh round figures ka mazboot jod hain; jaldi / aasani se nahi toot ta hain...

tsunil4u · #**8679** 21st July 2008, 03:28 PM

cannot say for sure (since i just started observing HH, HL formation theory with Asish sir's guidance), but i have noticed that when such UT formation is in place, then SPOT hardly goes down the previous close or atleast does not spend much time below that level...

Infact, the previous close has proved to be a good/safe entry point to go long for intraday trading... (Friday's SPOT close was 4092)

Czar · #**8680** 21st July 2008, 03:45 PM

Quote:

Originally Posted by lalpar

Hi,

Let me explain you why did not maintain my discipline in this current trade...

There are two ways in which I trade..
1)One see the chart and strictly follow the SL.
2)When I see a sharp rise or sharp fall I go against the trend..

When market fell couple of days back I went long at 3803 and gained abt 85 points in one trade.I cannot explain why I went long it was at that instant I felt...

2)Today there was a sharp rise not once but thrice..Now its difficult to touch the top and short.I have 2L for trading and usually trade with only one lot..But under the current circumstances,I use the 2nd and 3rd lot for averaging..Todays top was 4100+
I shorted at 4036 and 4067...I Would have used by third lot at 4150...But it was not required..

I am holding my 2 lot position short at 4051.5...for a Target of <4000 on Nifty...

Although this may sound absolute non sense but sometimes I tend to be abnormal

.Although Saint Sir may not like my way of trading!!!!

Regards
Lalith

see this is exactly why TA trading has no place for Gut, feelings, Dow, Europe... & why moving stops is very dangerous, hope you got out of your shorts.... even 1 bad trade could wipeout days of hard work & scalping, then you have to depend on luck , etc...