|
| Discuss NIFTY Futures dilemma at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Last 4 days NIFTY was going up after a big fall ( CRR hike). Today NIFTY ... |
|
|||||||
| Notices |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
10th April 2007, 04:11 PM
|
|||
|
|||
NIFTY Futures dilemma
Last 4 days NIFTY was going up after a big fall ( CRR hike). Today NIFTY started negative and fell to 3820 level, then again it started rising and closed positive. At 3:00 a.m. today it hit intraday resistance at 3850 and closed below that and neutral for the overall day.
I thought of entering long today in the last one hr after market started showing strength after first half fall. But as market has already gone up so much, it needs a breather. I like to enter on pullbacks. So I was in dilemma whether to enter or not. I know in markets things are never 100% clear and we need to test waters. I would like experts to comment about how they decide their actions and what is their thought process in this situation? This will give me chance to know different perspectives and aid me in becoming better trader. I have attached NIFTY intraday chart from ***** for reference. I will be coming up with more such scenarios and this might help others too. Thanks, Amit 
|
|
#2
11th April 2007, 07:13 PM
|
|||
|
|||
|
Re: NIFTY Futures dilemma
Experts please comment on the above question.
Above question was related to swing trading more than day trading. Please find attached today's NIFTY chart for reference. Today also market went up, formed double top, gone down, found support at 3850, went up and hit a strong resistance at 3875, little correction and again hit 3875, four times in a row. Looked like big obstacle to get over. Fell down again, now my question was SHORT a good idea after a pullback at 3870? It fell to 3855 and that pullback makes me nervous  .Thanks, Amit
|
|
#3
11th April 2007, 07:58 PM
|
|||
|
|||
|
Re: NIFTY Futures dilemma
Quote:
I can speak only for myself,whenever in dilemma ,doing nothing is my strategy Mkt is here & will be here atleast to the end of my life & everyday there r numerous oppurtunities,then why i will have to trade when in dillema .Why to catch the bottom or top.After initiating a trade i am committed,so until & unless i am convinced i will loose in 100 out of 100 times ,becoz in a slight spurt i will cut my position resulting in notional profit loss,that is also loss.Waiting game gives dividend & vulcanizes the belief to boost confidence. Asish
|
|
#4
11th April 2007, 10:48 PM
|
|||
|
|||
|
Re: NIFTY Futures dilemma
I fully agree with Asish's strategy
|
|
#5
11th April 2007, 11:07 PM
|
|||
|
|||
|
Re: NIFTY Futures dilemma
Thanks uashish for the reply!!!
As I mentioned as I was not comfortable with entry, I did not initiate one. I just wanted to know if one swing trade NIFTY and have also gone through some emotions, maybe not dilemma. I agree the opportunities are never lost. Maybe from technical perspective how people anaylze this kind of situation. If you trade NIFTY Futures and if you dont mind could you please elaborate your strategy? As I said this is to learn and get better. Thanks, Amit
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: NIFTY Futures dilemma
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Margin for Nifty futures | ashok1010 | Brokers & Demat Matters | 1 | 13th April 2007 01:22 AM |
| NIFTY Futures Trend | AOTPL | Technical Analysis | 0 | 4th October 2006 09:30 PM |
| NIFTY Futures | AOTPL | Technical Analysis | 0 | 29th July 2006 12:52 PM |
| Nifty Futures Opinion | indianbullbear | Futures | 3 | 17th November 2005 04:59 PM |
| nifty futures | muppana | Futures | 1 | 6th June 2005 09:08 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss
arising out of the use of this information.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
