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NIFTY Intra-day plan - 16-May-08 |
daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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Post: #1  Posted: Fri May 16, 2008 7:30 am Post subject: NIFTY Intra-day plan - 16-May-08 |
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NIFTY outlook for intra-day: range bound to negative
Likely NIFTY future range for the day: 5015-5030 in lower side, 5140-5160 in upper side.
Strategy for intra-day: I will update this after seeing intra-day chart. I will look for shorting opportunity in morning.
Disc: NIFTY ranges are not for using as short or long targets. I am not responsible for any loss due to SL hitting. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #2 Posted: Fri May 16, 2008 10:31 am Post subject: |
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Hope you have seen where market got resisted in morning.  |
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vishalpd
White Belt
Joined: 07 Mar 2008
Posts: 13
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| Post: #3 Posted: Fri May 16, 2008 12:03 pm Post subject: |
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| Good one swdas..do you think the lower targets can be achieved as well |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #4 Posted: Fri May 16, 2008 12:44 pm Post subject: |
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| hello Vishal, I think so, market will move to those lower targets. please play safe games. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #5 Posted: Fri May 16, 2008 1:15 pm Post subject: |
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| short NF at 5130 now, with 5151 SL, targets are 5080-5015 |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #6 Posted: Fri May 16, 2008 1:40 pm Post subject: |
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| please cover 50% now at 5108, to take care of SL. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #7 Posted: Fri May 16, 2008 2:05 pm Post subject: |
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| adjust SL of remaining to 5138 future. this will make sure, exit in profit. |
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vishalpd
White Belt
Joined: 07 Mar 2008
Posts: 13
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| Post: #8 Posted: Fri May 16, 2008 2:07 pm Post subject: |
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| Thanks Swdas.. Your call was good. I follwed and made some money on it |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #9 Posted: Fri May 16, 2008 2:39 pm Post subject: |
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| 5138SL got hit. position closed. will look for fresh shorts below 5118 future. |
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daytrader007
White Belt
Joined: 09 Aug 2007
Posts: 170
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| Post: #10 Posted: Fri May 16, 2008 3:40 pm Post subject: |
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| Market had never crossed below 5118 again. Though market has moved up, i did not have guts for going long. hope you have made some money in this difficult market. |
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #11 Posted: Fri May 16, 2008 3:45 pm Post subject: |
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swdas,
Somehow u chaps are very good. How to touch these stars ?
regards,
vin |
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eagleseyes
White Belt
Joined: 24 Aug 2007
Posts: 56
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| Post: #12 Posted: Fri May 16, 2008 3:49 pm Post subject: nice sir |
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Hello sir, ur call was good but i do not know what to say to u ... why did u leave the adda...please come back we all need ur guidance.leave the little things and come back pleaseeeeeeeeeeeeeeeeeeeee
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