Nifty Key levels for day traders

[findvikas]

European markets are not showing that much cut as anticipated....

Never trust EU markets... they show us just 1 hour of trade and usually real action comes when Indian markets are closed ... they know what all we look for

 

[linkon7]

15 min looks strong...

avoid shorts...

 

[scplindia]

you are right, most often they start the hammering after 4 our time. Infact, before hammering they even trap us by goinf flat and inflict the damage on retail investors like us. your comment about the hedge funds controling the world markets is quite correct.

 

[findvikas]

watch out for 4875... ohh it did... any close above is a Uptrend on weekly chart... for a posible close above 5050 on expiry...

 

[findvikas]

lol... poor bulls... lollll cant stop laughing... gap filled and we are back

 

[findvikas]

what next... 4788 , 4700, 4640 ? only a stupid can think that they will come today... so please dont ask that question lol...

 

[linkon7]

what next... 4788 , 4700, 4640 ? only a stupid can think that they will come today... so please dont ask that question lol...

Bro, I used to think like that when i started off... There are many who still end up chasing the trend. Manage to short at the low and go long at the top....

Part of the learning process.... learn from the mistakes or keep repeating the same mistakes again and again till u run out of patience / capital...

 

[linkon7]

closing strategy :

Short March 4600 put for 85
short March 5000 call for 92

total premium collected : 187
gives a safe range : 5187 to 4413

Target : 30-40 points by tuesday EOD...

 

[scplindia]

Bro, I used to think like that when i started off... There are many who still end up chasing the trend. Manage to short at the low and go long at the top....

Part of the learning process.... learn from the mistakes or keep repeating the same mistakes again and again till u run out of patience / capital...

Again the other mistake we all do is trying to catch the top and the bottom at the break down or up levels. Which again, you never learn beacuse if we can predict the top and the bottom, we would be millionaires in days.

 

[linkon7]

Today was a chart follower's delight....