Trading Nifty by Levels

[khushi00]

spot Nifty bounced back from support of 4703
this is called level trading as the name of thread
Again saying not boasting just minimise loss to 10 points that we done by shifting SL to 4766 after shorting @ 4755

 

[khushi00]

Now we will see where nifty is holding volumes
above spot 4703 or below that
Now where there is volumes there nifty goes
always control greed i earned 50 points today so i am out

 

[khushi00]

SL hit at 4720 .... Short 2 lot miniNifty at 4720.... SL 4732...Target....Will decide later... SL recover...

SL @ 4720 ??????
My friend when u longed
since morning i have written trend is bearish

 

[khushi00]

pressure of put is still holding

 

[khushi00]

support broken by good volumes thats y crashhhhhhhhhhhhed

 

[khushi00]

If anybody holding short plz get out now

 

[asnavale]

plz tell how u got level of 4742 for short

The entry (shorting @ 4742) was mainly based on 5 minutes chart pattern since last few days. After the first candle of the day, the high was around 4756 at 9:35 candle. Then it retraced to the days low of 4735 on 10:0 then and resumed upwards, but failed to surpass 4756 reaching only 4751.5 at 10:10. When it started coming down after 10:10. Then I just shorted just below the high of the 10:00 candle which had made the day's low. Therefore, the entry was @ 4742.

The target was based on your post in the morning that youy expected levels of 4730-4720. I placed a covering order at 4725 (the mid piont of the range given by you). As I have belief in your system, I waited patiently and came out with 17 points profit. Thanks to you.

-Anant

 

[eXimius]

Now we will see where nifty is holding volumes
above spot 4703 or below that
Now where there is volumes there nifty goes
always control greed i earned 50 points today so i am out

:thumb::thumb::clapping::clapping:

 

[khushi00]

Bye friends
Going to make lunch
Thanks all for your support (hope that will never break like nifty)
Tonight i will upload amibroker 5.30 and will also tell how to feed data real time for nifty

 

[ValueZone]

ami can be found in sites like 4shared.com