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Nifty Futures Trading

Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; please suggest me the stop loss for nifty mar futures i went long at 5083...


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  #471  
Old 22nd February 2008, 10:32 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

please suggest me the stop loss for nifty mar futures i went long at 5083
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  #472  
Old 22nd February 2008, 10:33 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Got out 50 % @ 5125
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  #473  
Old 22nd February 2008, 10:35 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by nagendra_gb View Post
I went long on nifty mar fut at 5083. Wht should be the stop loss i should keep. Please advice
Nagendra,

That stop loss should have been known BEFORE entering a Trade....If you had entered yesterday and your stops got taken out thanx 2 the gap down today,well,that happens......keep your stops at 5086.

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  #474  
Old 22nd February 2008, 10:38 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by Saint View Post
Nagendra,

That stop loss should have been known BEFORE entering a Trade....If you had entered yesterday and your stops got taken out thanx 2 the gap down today,well,that happens......keep your stops at 5086.

Saint
Mar futs?So entry was today?Without stop loss in place?What's the time frame of trade?

Should have followed Asish's trade then........he just took 50% profits at 5125,but again all that depends on time frame,doesn't it?

Saint
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  #475  
Old 22nd February 2008, 10:41 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

no i went long today morning. i thought nifty was in a deep discount so i thought there will be some short covering in evening.
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  #476  
Old 22nd February 2008, 10:43 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Still Waiting.
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  #477  
Old 22nd February 2008, 10:45 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by nagendra_gb View Post
no i went long today morning. i thought nifty was in a deep discount so i thought there will be some short covering in evening.
Most of the time this theory hold ground but the days when it does not may be pretty nasty.
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  #478  
Old 22nd February 2008, 10:46 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Got out balance 50 % @ 5114.00
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  #479  
Old 22nd February 2008, 10:47 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

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Originally Posted by nagendra_gb View Post
no i went long today morning. i thought nifty was in a deep discount so i thought there will be some short covering in evening.
Ah,deep discount......thought there will be covering.......Hmmmm


May I suggest something.......time for lots of education for now.This is a dangerous field,my friend.........Lots of work to be done b4 that first trade.


Else,you'll get eaten up .......hope you take it in right spirits.

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  #480  
Old 22nd February 2008, 10:49 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Shorted at 5105,sl at 5033

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