vanathi

Mighty Nifty - North or South?

NSE:NIFTY   Nifty 50 Index
460 views
16
460 25
Price action is moving in downward channel , making lower highs and lower lows. The trend deciding levels will be 9590 and 9630. Price will move down if 9590 is taken. And in upside 9630 have to be taken to make the trend bullish . Traders may get confusion, but nifty             is always clear about its direction. Did I explain properly or made you people confused?
Trade active: This idea is active from now on!
Comment: Gap up opening. Enter after watching price action.
Comment: Will nifty take support @ 9630?
Comment: Nifty surprised us by gap up opening followed by sideways movement today.
Trade active
Trade closed: target reached: 9700
Good prediction / assessment, the levels were correctly / critically gauged. One has to be patient , understanding and take a cautious
action for the trades.
Ramakrishna K
Reply
vanathi mkramki
@mkramki, I agree...
Reply
I am short in Nifty at 9500 levels.. Will it touch this level again in this series?
Reply
vanathi Kumarumar
@Kumarumar, Nifty is still bullish, not showing the sign of weakness.
Reply
Kumarumar vanathi
@vanathi, Thanks for the update. But is it advisable to book losses or wait for June - July series for a breakeven?
Reply
vanathi Kumarumar
@Kumarumar, When you shorted nifty, you should have some trading plan regarding stoploss, targets. Follow it.
Reply
Kumarumar vanathi
@vanathi, Agree.. Lesson learnt.
Reply
vanathi Kumarumar
@Kumarumar, When you follow trading plan, confusions and loss will be minimised.
Reply
Kumarumar vanathi
@vanathi, Agree.. currently trapped badly.. Lets see how next week goes.. Thanks again for your time.. Appreciate it.
Reply
Kumarumar vanathi
@vanathi, Or what is a possible hedge for this, so I can minimize losses. Should I buy the calls to hedge and limit the losses? But calls are also expensive now as it is just start of month :(
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out