re: Day trading Nifty & Banknifty Futures
was in 1300 profit after 2 trades(16 NF, 20 BNF). time for break but just before going to break seeing some weakness @ 1pm, shorted BNF @ 9190 , with SL @ 9213 pivot , but BNF lodu rose 80-90 points in that candle quickly, I got frozen no time to put sl and covered @ 9267 , 77 points loss and 1 hr break. net 600 loss.
after break saw this bnf lodu made 9095 low after my exit.:annoyed:. again bot this after 2 pm, @ 9200, sl 9160 it was doing ting tong for long time then it rose to 9239 then 9180 then again 9280 around 3:15 pm. I needed 9277 to cover earlier bnf trade loss,
but I didnot moved my sl from 9160 but put sell order @ 9300 seeing strength I thought it will break 9285 HOD 15 min remaining ,but then it fell and fell and fell and fell and fell and fell and then I covered @ cost. this happened 2nd/3rd time in bnf this month. will not trade this volatile counter for sometime, nifty is ok for me. :annoyed: