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NF view for 22/07/2008

 
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Author NF view for 22/07/2008
daytrader007
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Post: #1   PostPosted: Tue Jul 22, 2008 10:50 am    Post subject: NF view for 22/07/2008 Reply with quote

Today it may difficult to trade. As said on weekend NF is hitting 4220 today. Want to wait patiently here before initiating any trade. Expecting some resistance in NF around 4220 NF. I do not mean that market can not go up from there. Will update more later in the day.

NF= NIFTY future
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daytrader007
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Post: #2   PostPosted: Tue Jul 22, 2008 11:06 am    Post subject: Reply with quote

This NF move to 4252 NF is a bearish move. I feel so. It does not mean that people need to short. I am still watching. Will update more if I see a trade.
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daytrader007
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Post: #3   PostPosted: Tue Jul 22, 2008 11:25 am    Post subject: Reply with quote

Careful about holding longs. and NF should not break 4230 NF. If that happens market will fall. Therefore I will watch NF till it breaks 4230 NF.
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daytrader007
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Post: #4   PostPosted: Tue Jul 22, 2008 11:33 am    Post subject: Reply with quote

as per my understanding, if NF breaks 4230 NF now. next available support at 4080NF. Please trade as per your risk appetite. I will short only after future breaks 4230 NF. I am not responsible for any loss.
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daytrader007
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Post: #5   PostPosted: Tue Jul 22, 2008 12:48 pm    Post subject: Reply with quote

trade carefully with lower volume. SL is day's high 4269 NF. Expecting 4080 NF today.
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daytrader007
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Post: #6   PostPosted: Tue Jul 22, 2008 1:12 pm    Post subject: Reply with quote

Do make sure you place SL at 4269 NF. Other wise loss may be bigger. And breaking 4217 NF, now fall will be smoother next.
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daytrader007
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Post: #7   PostPosted: Tue Jul 22, 2008 1:33 pm    Post subject: Reply with quote

Adjusting my NF short SL to 4252.
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daytrader007
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Post: #8   PostPosted: Tue Jul 22, 2008 1:48 pm    Post subject: Reply with quote

I will book 50% profit at 4185 NF. expecting it soon today. also Keep trailing SL now at 4230 NF now.
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daytrader007
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Post: #9   PostPosted: Tue Jul 22, 2008 1:59 pm    Post subject: Reply with quote

it has hit 4185.5 NF. hope you exited 50%. other wise exit pleaseeeeeeeeee
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daytrader007
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Post: #10   PostPosted: Tue Jul 22, 2008 2:24 pm    Post subject: Reply with quote

it has taken out SL of rest 50%. hope you exited.
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dilmeshsingh
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Post: #11   PostPosted: Tue Jul 22, 2008 2:43 pm    Post subject: Reply with quote

well sir as u said the call is closed, and it was a good call, n got profits. thx.
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