Trading Nifty without Nifty

Just now booked loss at 3300

BankNifty Future

R1=18585, R2=18650, R3=18800 (for R3, stay abv R2 must for sometime)
Again I will say that Be cautious while buying at higher level
S1=18500, S2=18420, S3=18300 (for S3, stay blw S2 must for sometime)



Nifty Future
As today is expiry, so A volatile day ahead !!!
R1=8040, R2=8060, R3=8100 (if it stays abv R2)
Again think twice before buying at any R level(Personal view)
or I will buy if there is clear buy signal on chart with prev. level as SL
Still before 9.30am, only short is in my mind.
S1=7995, S2=7970, S3=7920 (if stays blw S2)

Looking for some opportunity in M&M and VEDL

.

Nifty opened around s2 then moved s1
I shorted around 7993 and just booked 7980

Gain: 13 points
Total since 18 Nov 2016= 114 points

Got small Loss is Hdfcbank but if might I had waited then it hit exactly support of 1173.50
Trades in Bajaj-Auto and LT were brilliant and profitable.

Hi Ajeet,

Please don't get me wrong on what follows. I am not trying to teach you. But looking at the end result of your trades, it looks very stressful and uphill task to make the 50%.

1) Draw 2 Horizontal Lines on the high and close (or open) on a weekly bar. Its your monthly resistance. Draw 2 Horizontal Lines on the low and close (or open) on the same bar. Its your monthly support. Depending on your time horizon you can select any Timeframe bar accordingly. S and R are not written on stone. We use it like a land mine to see how market reacts to it.

2) Why not decide your 1 or 2 scripts before the trading session starts and come out of it with profit no matter what you do. For example you have a bearish view you sell 100 shares (depending on your risk levels) of HDFC, market moves against you buy 150 shares. You are slowly reaching breakeven, then buy 300 shares of hdfc. Now HDFC need to move up very less high in order for you to make 5% or whatever.

just my 2 cents.

21 Trades in one hour!!! You are a trading machine Pa ji! :thumb:

BankNifty Future
R1=18475, R2=18550, R3=18700 (for R3, stay abv R2 must for sometime)
Again I will say that Be cautious while buying at higher level
S1=18300, S2=18220, S3=18100 (for S3, stay blw S2 must for sometime)



Nifty Future
R1=8030, R2=8055, R3=8090 (if it stays abv R2)
Again think twice before buying at any R level(Personal view)
or I will buy if there is clear buy signal on chart with prev. level as SL
Still before 9.30am, only short is in my mind.
S1=7990, S2=7960, S3=7910 (if stays blw S2)

Stocks in News: HINDALCO and VEDL

Got very Good Profit in 20 mins trade today

As nifty opened 8033, i was clear in my mind to sell....
pre feeded order limit at 8030, my R1
and just covered 8013 on its pullback from 8006

Gain: 17 points
Total since 18 Nov 2016= 131 points
Total No. of Trades: 05

gud going brother :clapping: