Trading Nifty by Levels

khushi00

Well-Known Member
shorted @ 5062
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as attention got diverted so made a big mistake
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if to go short then must @ around 5070 with SL 5073
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got out @ 5069
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rather counter traded by long @ 5069
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trgt 5089, 5100, 5120, 5135
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covered first lot @ 5089
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all calls are bullish
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covered 2nd lot @ 5105........................ waitin for 5120
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covered final lot @ 5122
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closing trades
LOSS in 3 lots= 7*3=21
Profit in 3 lots= 20+36+53=109
Net profit= 88 points
 
Last edited:

khushi00

Well-Known Member
still bullish
will tell when there is trend change
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as RSI >70 so still in trend
all calls still bullish
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khushi00

Well-Known Member
difference of macd is decreasing
trend is flattening
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but calls n puts are still in uptrend
 

khushi00

Well-Known Member
If i would have longed @ around 5100 then i would have satisfied myself with SL @ 5115
saying so coz when i first wrote that all calls bullish then price was 5099
and u all know when all calls r bullish then 15-25 points can be easily achieved
 

khushi00

Well-Known Member
rather as macd cut at 5115 so u can short for 5105
 

khushi00

Well-Known Member
You can check my excel sheet
it showing 5072 and 5111
now option trend is up
macd crossed in negative trend
so have look over level of 5111, nifty will try to hover around 5108-5114
 

khushi00

Well-Known Member
nifty spot support: 5042
resistance: 5074
CMP: 5088
so very risky situation
any time macd shows divergence or cross in uptrend, we can again long
 

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