Nifty Futures Trading

renu daga · #**9791** 1st August 2008, 04:02 PM

thnks,,, a lot
for not taking my words otherwise,,,,but u believ whta i ever i ahve siad its ,,true

renu

mitasatyajit · #**9792** 1st August 2008, 04:05 PM

Quote:

Originally Posted by uasish

Satyajit,

At least you know me & my family closely for last few yrs & know that this is my only source of income.Hence it is everyday habit & obviously immense support from family side,no interference between 9.45 to 3.30.It is not 'majja' it is stark reality,you atleast know that this week how much i will have to fork out towards Corporation Tax for my house.

Asish

Respected Ashisda

Yes, I know it is ur profession. I also know so many intraday traders in my circle of friends. What u have done, u made urself robot not human being. Within few seconds, u can change and update urself with the mood / sentiment of the market. U know when u r infront of the computer from 9:30 to 3:30, there are so many men and women, who r aggressively try to take ur money. U have to study before and after the market hours everyday, u have to fight during market hours.

U know it very well that even I have done nifty future trading (intraday) for so many years non stop everyday.

Now I request u to start a new thread showing the comparative study of earning in "buy and hold method", "swing trading method" and "intraday trade" method. I know there is sufficiant material lying in ur possesion to start the thread.

With my previous post, I didn't want to hurt anybody. After realising the mistake I have done, I have deleted the post.

Regards.

tsunil4u · #**9793** 1st August 2008, 04:08 PM

da, (just to chear u up)

maana isme hain majaa kam, (majaa = cheer/EXcitement)

lekin isme hain sajaa kam; (sajaa = punishment/risk)

aur mere jaise bahut logon ke liye,
yehi hain important source of inkam (income)

(no hard-feelings da, just in good weekend spirit)

tsunil4u · #**9794** 1st August 2008, 04:13 PM

debashish,

har insaan jab "sau dukho" se surrounded rehta hain,
woh kabhi-na-kabhi "sudoku" ban hi jaata hain

cheers ;-)

deb99891 · #**9795** 1st August 2008, 04:22 PM

Quote:

Originally Posted by vishveshchauhan

Guys it was my first day in this great forum, well from now onwards i wont post calls but i'll participate in discussion.

Cheers

fantastic sir
tats the spirit
keep it up
regards

deb99891 · #**9796** 1st August 2008, 04:28 PM

Quote:

Originally Posted by tsunil4u

da, (just to chear u up)

maana isme hain majaa kam, (majaa = cheer/EXcitement)
lekin isme hain sajaa kam; (sajaa = punishment/risk)
aur mere jaise bahut logon ke liye,
yehi hain important source of inkam (income)

(no hard-feelings da, just in good weekend spirit)

fully agree with u sunil

regards

deb99891 · #**9797** 1st August 2008, 04:31 PM

Quote:

Originally Posted by tsunil4u

debashish,

har insaan jab "sau dukho" se surrounded rehta hain,
woh kabhi-na-kabhi "sudoku" ban hi jaata hain

cheers ;-)

nice
.............................

tsunil4u · #**9798** 1st August 2008, 04:38 PM

Quote:

Originally Posted by RakeshG

Hi Sunil ..Thanks for the levels..can you please write in simple words the trade entry/ Tgts/ SLs for short trades using ur Pivot Levels..for immature traders like me to benefit

thx a ton

Rakesh,
actually no one can give sure shot calls before the markets open. These pivot levels can just guide you where supports/resistances will come, and what is the next level we have to look up to.

one more thing... there will be many views/methods coming up... u have to decide what u want... assuming u r here for mostly intraday trading in nifty...

this is what i usually do for intraday trading:

1. First I observe the intraday charts, and marking out levels where it is finding support/resistance,

2. then try to guage the mood of market after initial 10-20 mts(subjective)

3. if it's on an uptrend, for eg, I look to buy near lower levels/supports (as per charts) and at lower RSI, and book part profits at the next resistance level. for rest, I keep a trailing stop. If it's on a downtrend, then I look to sell at higher resistance levels (with higher RSI).

your entry level is important in intraday trades, as then u can keep the next chartical level as your Sl, and this will help you minimise your risk.

pivotical levels help you to identify & confirm the support/resistance levels for step 1...
and normally, above the central pivot, I look out to buy on dips, and below that PIVOT, I look out to sell on rallies...

Also, note one thing, after an uptrend is confirmed, for eg, usually, the previous resistances behave like supports, and vice versa, in downtrend.

I also rely on chartical resistance breakouts, support breakdowns, formations like H&S, etc to enter a trade.

good luck...

(PS: i am an ordinary trader with no access to chartical softwares, except the one which comes with this broker-provided trader terminal program. I can only bring Pivots & other key levels (and sometimes RSI) into picture to help me in trade. I am not bothered what the "SMART MONEY" has up in his sleeves - whether he's long or short, I am here to collect my nifty points and get out with no emotions attached... Market outlook comes into picture when u want to take a positional trade)

Smart_trade · #**9799** 1st August 2008, 06:35 PM

Quote:

Originally Posted by uasish

Satyajit,

At least you know me & my family closely for last few yrs & know that this is my only source of income.Hence it is everyday habit & obviously immense support from family side,no interference between 9.45 to 3.30.It is not 'majja' it is stark reality,you atleast know that this week how much i will have to fork out towards Corporation Tax for my house.

Asish

Is Kolkata Municipal Corporation levying 'ExcessiveTrading Profits Tax "on successful traders ?

This was on lighter side.

But I totally agree that a full attention and focus is required between 9=30 to 3=30 in trading.Even taking phonecalls sometimes diverts the attention and at times proves very expensive by way of missing a trade level or stoploss level. In daytrading one has to be on the toes all the time.

Regards and Best Wishes ,Trade Well

columbus · #**9800** 1st August 2008, 06:50 PM

Quote:

Originally Posted by Czar

sir we re-request this is nifty futures thread only... best option to start new thread...

Czar,

I am nobody to complain against anybody, What nifty futures are doing in EQUITIES category ,why not in DERIVATIVES?.

The Following 6 Users Say Thank You to mitasatyajit For This Useful Post:
absolutme (2nd August 2008), biyasc (1st August 2008), citrus (1st August 2008), Czar (1st August 2008), deb99891 (1st August 2008), lalpar (1st August 2008)

The Following User Says Thank You to tsunil4u For This Useful Post:
biyasc (1st August 2008)

The Following 6 Users Say Thank You to tsunil4u For This Useful Post:
absolutme (2nd August 2008), deb99891 (1st August 2008), mitasatyajit (1st August 2008), praveen taneja (1st August 2008), RakeshG (4th August 2008), rkpahwa (1st August 2008)