The below trade is based on our observation on Ichimoku with Nifty.
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5030-4990 will be Intra Support Zone go and long with intraday stop loss of 4990 positional target will be 5200
Trade will be closed if any day nifty closes below 5025 on EOD basis or 4990 on intraday basis.
Minimum Profit 150×20 = 3000 in mini nifty futures
Max Loss = 69×20 = Rs 1380 in mini nifty futures
Nifty 15min Charts with cloud support range 4990-5030
Nifty hourly Charts with Resistance near 5160
Hi,
I could not understand what is meant by the following statement. Can you please explain?
Trade will be closed if any day nifty closes below 5025 on EOD basis or 4990 on intraday basis.
Minimum Profit 150×20 = 3000 in mini nifty futures
Max Loss = 69×20 = Rs 1380 in mini nifty futures
S.Laxminarayanan
Expectation of the continuation of the Negative Trend if Nifty closes below 5025 on EOD basis.
And to protect the losses i kept the intraday stop loss of 4990
Even if nifty closes below 5010 during end of the day and the intraday SL 4990 doesnt got hit… it is considered as a exit
Hi Rajandran..
thanks for posting charts..
My query is, how to make out that we got to play Only Longs…
I mean — Why not a Short Trade if Nifty breaks 4990 cloud on downside..???
If Nifty breaks 4990, then Why to exit — Why not initiate fresh Shorts…??
Pls write in ur valuable suggestion / comments…
Many Thanks…
Cool…
Luckily I saw ur post in the morning… Based on that I made fresh Longs @ around 5027 & now after Europe opening made exit @5080..
Made good 50 points profit..
Not carrying over Longs, as not confident about Europe & US Weekly Charts..
But anyways, thanks for posting these charts..
At EOD if you can post Nifty Ichimoku Hourly chart, that would be great help in deciding next move…
Hourly charts gives good big moves of min 80-100 points…
So would like to see, whether its still @ 5160 OR has come down, as per today’s 18th May Closing…
Many Thanks..
hi, i have 1500 shares of nifty @ 5271 – may futures – every day mtm is calculated , can u tell me what do i do ? am new to nifty …pls help me
thks
hi,
i have 1500 nifty @ 5271 – may futures – can u help me by telling me what to do
Which type of trader you are Intraday, BTST, Positional.
If you are new to nifty then probably taking a 1500 nifty is a heavy risk in involving in such a trade. Kindly hedge it
hi,
so shld i hedge all the 1500 shares @ 5271,will i profit from it or shld i switch over to next month – which will b beneficial for me.
& how much do u thk nifty wld go to by expiry