Advise required on nifty futures

S

sbuvana

New Member
#1
#1
Hi I am new into this forum....can someone advise me on the below

I ve bought june futures at 5140 n now it is down by 220points....but with the markets around the world i kinda worried if it would get back to the same position,can someone advise me as of how i can avoid loss or atleast how i can minimise my loss...i knw tere i still time till june but taking advise earlier is better than waiting till the last minute....i am a beginner at futures tooo....
looking forward to no. of advises...thank you all in advance for your support.

regds
Ram
 
loke4300

loke4300

Member
#2
#2
sbuvana said:
Hi I am new into this forum....can someone advise me on the below

I ve bought june futures at 5140 n now it is down by 220points....but with the markets around the world i kinda worried if it would get back to the same position,can someone advise me as of how i can avoid loss or atleast how i can minimise my loss...i knw tere i still time till june but taking advise earlier is better than waiting till the last minute....i am a beginner at futures tooo....
looking forward to no. of advises...thank you all in advance for your support.

regds
Ram
Click to expand...
Nifty took a dip on the 200DMA and closed below it.

yesterday's candle is a concern - long bearish w/o much shadow. this paints a very bearish picture for Nifty.

IF nifty were to negate the bearish candle with a strong close [3/4th of the red candle] around 5030, then there is hope for upside.

Would be wise to keep a SL below the low of 19th May @ 4908.
 
S

sbuvana

New Member
#3
#3
thank s loke4300 for u r reply....as per u r say if i hve SL at 4908 just incase if it hits tat target i would b losing my money rite.....i just want the way to recover or atleast minimise my loss...it s anyway june futures rite is tere a way to hedge or something.....i mite b ignorant abt wat ur tryng to say but pls advise me if i am wrong(i just a beginner with all these)...thank u
 
sudoku1

sudoku1

Well-Known Member
#4
#4
sbuvana said:
thank s loke4300 for u r reply....as per u r say if i hve SL at 4908 just incase if it hits tat target i would b losing my money rite.....i just want the way to recover or atleast minimise my loss...it s anyway june futures rite is tere a way to hedge or something.....i mite b ignorant abt wat ur tryng to say but pls advise me if i am wrong(i just a beginner with all these)...thank u
Click to expand...
if i was holding 2 lots in place of u , i would have squared 1 lot now !:)
 
S

sbuvana

New Member
#5
#5
thanks a lot sudoku1....i am an ignorant abt these terms(i knw u guys must be thinkng without knwng all these how cld one enter into trading)....wat is squaring....
 
sudoku1

sudoku1

Well-Known Member
#7
#7
sbuvana said:
thanks a lot sudoku1....i am an ignorant abt these terms(i knw u guys must be thinkng without knwng all these how cld one enter into trading)....wat is squaring....
Click to expand...
square up = closing a position:)
 
D

d_s_ramesh

Well-Known Member
#9
#9
Instead of holding a losing position on the long side in a falling market why not close the position book loss and look for the next opportunity. Nifty has very strong strong resistances ahead. Global markets are very weak, with Governments in panic mode, anything can happen as a surprise. It is better to be with the flow.

How many contracts are you holding.
 
D

d_s_ramesh

Well-Known Member
#10
#10
Ram,
Have you closed your long position, if not please cash out. Markets are tumbling down, its become a falling knife for all those holding long positions. It really kills to hold a long position on a falling market like this.
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
S Please advise on my portfolio Equities 1
N Advise on long term Equities 0
B Advise regarding my portfolio. Equities 1
S Advise on long term investment Equities 1
A Credit Spreads / Standard Deviation - Advise Required Options 0

Similar threads