Nifty Futures Trading Part 2 (Positional)

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Sunil

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Will square near 4650 level. Plan to take new ATM Sept PUT position when at 4650 - 58 level. Will short Fut at that time with stop loss by OTM Call at that moment. What is ur view ?
frankly, if it would not have been the "icing" of faddie, frannie bailout, i would have shorted at open challenging the 100DMA on closing basis ie 4550-55 spot (as i already have 4700 call, as hedge, which i bought at close on friday)
but yes, 4650 remains the key... i would like if it breaks on gap up and near 4680, to consider it broken convincingly... let's see...
today, my eyes on 100DMA
 

mitasatyajit

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frankly, if it would not have been the "icing" of faddie, frannie bailout, i would have shorted at open challenging the 100DMA on closing basis ie 4550-55 spot (as i already have 4700 call, as hedge, which i bought at close on friday)
but yes, 4650 remains the key... i would like if it breaks on gap up and near 4680, to consider it broken convincingly... let's see...
today, my eyes on 100DMA
http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional-51.html#post213805

Please look on this also beside 100 DMA.

Correction on chart : 4658 instead 4654
 

Sunil

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that's what da... sometimes i m really surprised how news follow technicals...
100DMA would not have been possible only with NSG news...
Faddie, etc is the "icing" as i mentioned...
i m long even on intra basis

100DMA is the main aim of our movie, right...!!!
 
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