Kinnari_Prajapati
Short

Are we going to get high reward with this trade? Nifty

NSE:NIFTY   Nifty 50 Index
Nifty future 11336 previous closed,...

Trade based on Calculation:
Sell Nifty future 11336 + 55points(HOF) = 11386
Sell it nearby 11386 and stoploss 11399 (stoploss can be change if not vol.)
targets 11276, and after breaking 11300 below with vol. targets 11224-11146
Comment: please comment if you have any criticize. I will definitely discuss.
Comment: Trading below 13000 for spot nifty is not also good for bulls. There are also H&S pattern on daily chart.
Comment: Best action should be in two ways,
1) Sell 11386 nearby
2nd) is wait for breaking confirmation 13000 in future.
one more piece of advice.... do your analysis on a daily ,weekly and monthly chart rather than a 4 hour chart because ours is not a 24 hr market .
+1 Reply
Kinnari_Prajapati stocksinboxx
@stocksinboxx, my research always on daily and 15min chart but, display was very clear on 4hrs. Therefore i published the for 4hrs base after analysis on daily base.
+1 Reply
one piece of advice little sister....... no one can pick the exact tops and bottoms in this market. don't just blindly short the nifty @ 11386. wait for the price action to give you signals to short. people were talking of shorting the nifty @ 11100 and look at where we are today . try to listen to the market........ because the market is always right :)
+2 Reply
Kinnari_Prajapati stocksinboxx
@stocksinboxx, you're right exactly but buying here is good decision?
+1 Reply
stocksinboxx Kinnari_Prajapati
@Kinnari_Prajapati, when ever you take a trade...you need to figure out what is your risk to reward ratio . if you take a trade at this level..... your stoploss will be @ 11200 . so are you willing to take a loss of 150 points to make 40- 50 points ? not practical.
+1 Reply
Kinnari_Prajapati stocksinboxx
@stocksinboxx, that why high reward and low risk on the short selling side, question is what is the exact figure for selling?...
+1 Reply
stocksinboxx Kinnari_Prajapati
@Kinnari_Prajapati, ha ha .... after narrating the whole ramayan , you are asking me who is ram
+1 Reply
Kinnari_Prajapati stocksinboxx
@stocksinboxx, i did not ask you, i just saying that question, road is clear on short side... !
Reply
stocksinboxx Kinnari_Prajapati
@Kinnari_Prajapati, infact as of now , road is clear on the upside. below 11200 we can think of shorting !!!
Reply
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