Tuesday, November 1, 2011

Hold on to shorts


Comments are there in the chart
Posted by at 10:17 PM
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8 comments:

  1. hi!Nirav sir,
    any update wrt.today's closing,s/l remain same as
    5310NS, its on closing basis ?
    with regards

    ReplyDelete

  2. Logically stoploss are on closing basis.

    5310 is sloss

    it is upto you how you want to allow it.

    to me this was profitable trade so i will not like to have loss on this trade. I shortted nifty fo at 5352(when 5325 in spot) so in no case i will allow that to go above that and make loss.

    Have your sloss accordingly. Wait for first 15 mins and first 15 mins high low will give you more idea.

    Kind Regards,

    Nirav shah

    ReplyDelete

  3. Shiva,

    You have high and low for first 15 mins. Fo sloss as per first 15 mins high comes around 5350.

    Now sloss is near resistance but market has taken out 5 day avg again after correction so this can become a new wave up if 5400 is taken out. So for short traders it is better to stop out today if 5350 in fo is taken out upside.

    Kind Regards,

    Nirav Shah

    ReplyDelete

  4. thanks,nirav sir,
    yes i will take the s/l, closing basis of NS @eod..& switch to long @ 5340 NS @ hourly Closing basis..

    ReplyDelete

  5. hi nirav,
    have u stopped out?

    ReplyDelete

  6. Yes I did. No loss though to the trade.

    Kind Regards,

    Nirav shah

    ReplyDelete

  7. dear Nirav sir,
    since ns, did not close above 5310,& crossed
    5335,intraday,what is count on next week or
    any quick up-date?
    kind regards..

    ReplyDelete

  8. Will update today before market opens.

    ReplyDelete

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