iCharts Discussions

[ashwinikumarz]

Or...If you get Bank NIfty between 10230 -10240, go for it for an upside of 100 points.

[vinay28]

may be but 5228 is 30 from SL as per this strategy. also it is buy at or below 5228 depending upon one's risk ability and chance. Also, I feel it may not go below 5204 NS, if at all it does go down

[vinay28]

sonila target reached but NF had made a low of 5228.60 hence did not buy.

[ashwinikumarz]

Well the target is achieved....And as it is Avinash's forum, I do not think a different strategy is applicable when one strategy has been continuously followed, that in turn made most of us extremely good money.

Having mentioned that, the time is before 2:00 pm and the tgt is achieved...Only for today in this thread, I will give next call only when initiated..As of now..wait and watch...we have ample time of 90 mins.

[vinay28]

it did reach 5255 before 2 pm

[ashwinikumarz]

Yup...

Now....Buy Nifty only and only at or below 5270. Tgt 5305...SL 5249.

If by any chance it crosses 5307 before touching 5270,just DO NOT initiate the call even if touches 5270 later on.

[vinay28]

u mean 5270 NF?

[ashwinikumarz]

Yes...Nifty Future and NOT Spot level.

[vinay28]

my odin had failed when I posted the doubt

[ashwinikumarz]

No worries...It hasn't touched 5270 yet.

[vinay28]

bought at 5258

[ashwinikumarz]

Strict SL of 5249. If SL is hit, just don't short as the market is buy on dips for today...Shorting is dangerous.

[vinst]

By avinash' strategy, short hit SL.
then as NF crossed 5245, it became long setup with entry at or below 5232 with SL 5202. tgt 5263. tgt duly achieved (I didn't trade)

[vinay28]

there is a slight panic reaction due to massive earthquake in indonesia of 8.9 richter and resultant tsunami warning to 28 countries including india. that's why I am keeping SL at slighter lower level e.g. ATP is little below 5244

[vinst]