Nifty Futures Trading

gkpc · #**4131** 24th April 2008, 01:56 PM

Quote:

Originally Posted by gkpc

Target was 5019.20, but out of fear exited at 5022.40. (Half quantity: One lot) Had tried to exit at around 5020.50 but price jumped up!!!
Have been trading two lots.
The SL for balance qty. at present is 5048.20

SL now 5029.85 = 5032.20

biyasc · #**4132** 24th April 2008, 02:01 PM

Quote:

Originally Posted by gkpc

SL now 5029.85 = 5032.20

great going goutam.

deb99891 · #**4133** 24th April 2008, 02:20 PM

look hll, tatacomm

deb99891 · #**4134** 24th April 2008, 02:23 PM

forget hll

gkpc · #**4135** 24th April 2008, 02:25 PM

Quote:

Originally Posted by gkpc

SL now 5029.85 = 5032.20

Have exited at 5001.20 out of fear.....Though SL was at 5018.20 now...

With the thought in mind : Safeguard your profits.

milkyblack · #**4136** 24th April 2008, 02:40 PM

i will carry home short

gkpc · #**4137** 24th April 2008, 02:45 PM

Quote:

Originally Posted by milkyblack

i will carry home short

okay, I ususally avoid Positional trades due to large gaps formed on opening.

Any criteria on which u are carrying home a short!!!!
At what price did u short milky???

gkpc · #**4138** 24th April 2008, 02:50 PM

Quote:

Originally Posted by biyasc

My analysis indicates a short on nf (may) @5059. But i was in long from 5045, so i just squared-off my long & gained 9 points. but afraid to reverse the trade. again tried to do bottom fishing, & lost 5 points. my bad luck. missed the quick 25 points down move. asisda, you are right. it is always better to take short position than long.

My observation : Its difficult to find proper levels on closing day of derivatives in particular for the next month futures. My thinking : You would be better placed to have traded the April future rather than may becoz of movment in next month contract commences or rather happens only in the last week and the data is not sufficient to take a call. Please ignore this view as it may be wrong , I am VERY VERY new to TA, though not new to stock mkt.
Was your NF may short at 5059 a positional trade !!!
Regards
Gautam

biyasc · #**4139** 24th April 2008, 02:55 PM

Quote:

Originally Posted by gkpc

My observation : Its difficult to find proper levels on closing day of derivatives in particular for the next month futures. My thinking : You would be better placed to have traded the April future rather than may becoz of movment in next month contract commences or rather happens only in the last week and the data is not sufficient to take a call. Please ignore this view as it may be wrong , I am VERY VERY new to TA, though not new to stock mkt.
Was your NF may short at 5059 a positional trade !!!Regards
Gautam

thanks for your advice. i do not take positional trade. only intraday. basically i dont have much experience in index trading. i feel more comfortable in stock trading. but trying to learn trading index.

milkyblack · #**4140** 24th April 2008, 02:56 PM

Quote:

Originally Posted by gkpc

My observation : Its difficult to find proper levels on closing day of derivatives in particular for the next month futures. My thinking : You would be better placed to have traded the April future rather than may becoz of movment in next month contract commences or rather happens only in the last week and the data is not sufficient to take a call. Please ignore this view as it may be wrong , I am VERY VERY new to TA, though not new to stock mkt.
Was your NF may short at 5059 a positional trade !!!
Regards
Gautam

Yes actually i shorted at 5055... May future... which i will take home... i shorted another contract for Intraday basis at 5038, which i am still holding... with a SL of 5020...(May future) i will square it off before trade closes or SL hits... wht ever earlier...

Regards