Natural Gas has broken important support zone of 160-165 this week & now trading at 135.
Natural gas is approaching its next major support zone of 128-120
CMP is 135 & I'm opening long position in futures. I'll add more position if 125-126 comes.
SL would be below 119
Targets I'm expecting are 158 and 167 which was support zone before & now a resistance.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Trade active
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Still trading at 133-135
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CMP 128.50
Adding more position here.
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CMP 130
Long position open. My Average buying price is 132.
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CMP 141.7
NG 8% up!
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CMP 143.60
9% in profit.
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CMP 147.70
12.4% in profit.
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CMP 153
16.5% in profit.
Trade closed: target reached
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CMP 157.20 Closing my trading position here. 20% move captured.
although it can still move till 165 but 20% is enough for me so closing here.
Trade closed: target reached
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CMP 165
Although I closed my position at 157-158 after capturing 20% move. All targets of my analysis hit today. 26% move captured overall.
plz dont share any long view ..as operator see our position ..it will not go up till the tym retailer use to sell ng ..
akshit_official
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@artisticDove22258 Operators can manipulate small scripts with low volatility only. No operator in this world has power to manipulate Natural gas, Crude oil and Forex markets. :)
artisticDove22258
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you may be right but where you will see the future and option it will be manipulated ..
ansarijamshed609
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I agree with artisticDove. there are huge manipulation in all types of market where the treders mostly active. can you tell me sir what's type of correction natural gas done now. 800 to 130 😡. it is called 99% manipulation. jaha jyada buyers ayenge lalach me waha upar Jane wali market bhi upar nhi jyegi, both side yahi scene h, ab Aap btao demand & supply law kaha follow ho rha h. gareebo ka to chodo professional traders bhi dukhi h
MarketGuide
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By the way, you have missed the rollover cost of Rs.8 for rolling over Feb futures to March futures. When Feb futures was at 130, March was at 138.
akshit_official
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@MarketGuide yes, you are right. Although I was long in march futures but my analysis was on natural gas spot price. March futures were trading at 137-138 when natural gas was at 129 on 19th feb. Well, that’s the cost we have to bear as a trader. I trade huge quantities in equity futures and I have to take usually 0.3-0.7% or sometimes even 1% slippage. Can’t do anything. You have to take it if want to enter/exit large quantities instantaneously.