InsiderB
Long

Nifty : Don't Confine Yourself !

NSE:NIFTY   Nifty 50 Index
Look at the range we are having in Nifty , its very narrow. If it goes on like this within channel till 9700's, only scalpers will be making good 20-30 points daily.

For past 4 days we are completely stuck in this range zone, I don't want to go in depth about time correction n all, bcos do we need to wait till its over to make money ? Nope.. Just adapt & transform to be scalper on these days, these are the days which we hate..A whole day wait will give you merely 30 points but you are making something right ?

But the prob, we are already on 15 mins, we need to move down further that's 5 mins to scalp those points which is quite risky, bcos a single wick will take you out of the trade. So, for those conservative traders, Take some days off relax n just watch Nifty ...

Honestly, I hate those days when Nifty confines itself, Please come out :)
nd its good nifty is consolidating i think toofan ke pehle ki shanti.. :-)
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InsiderB alokom10
@alokom10, probably :)
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i think its making nr7 trade
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9800 will come
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InsiderB pk29121976
@pk29121976, thats cool :)
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I am waiting for Nifty to follow yellow arrow, You can wait till Nifty is above RED Trend Line,
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InsiderB AMBRISH
@AMBRISH, But during these range days option traders suffer the most, as premium decreases.. though decay isn't much during initial days...
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AMBRISH InsiderB
@InsiderB, Yes, Option writer makes money, where ever market goes.
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InsiderB AMBRISH
@AMBRISH, true
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