Oct 24, 2013
BankNifty future Intraday : Buy above 11030 Target 11165 SL 10960 - LTP: 11035 - 9.42am
Good Call ! :clapping:
Though it would have been tough for any one to enter at this level after reading your Post as BNF surged to 11068 by 9:40 ! (I am not saying that you should Post in time as I know how difficult it is to trade and post the levels together. And more so when you are posting BNF levels which moves big.
) And there after at languishing at ~ 11040 it made a high of ~11100/-
I have a query : How do you decide the Target? Fibonacci or something else?
I had also started Posting BNF levels in RT and was doing it alright till the time I wasnt trading it. Now that I am trading it , I simply cannot post it in RT.
I did good today in BNF, went long >10991 have an exit as per chart below 11038 ! Exited 1 out of 2 lots at 11090, had given an exit for 11099 but it did a high of ~11097
!
As it did not do 11099, I eoxted at 100 point Profit. Still holding 1 lot with 11038 as SL .
My exit is arbitary, just feel round numbers act as Resistance ! Would be happy to get some pointers from you in this respect.