Conservative SL raised to 4590NS.
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11.30 AM:-"EW/ + & - ve Div Trade"..Trailing SL for longs raised to @ 4620 NF.
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10.12 AM:- Bought @ 4600 in "Conservative trade", SL 4535.
"EW/ + & - ve Div Trade"..Trailing SL for longs @ 4595NF.
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At 9.35AM:-Till Nifty clears 4700, the alternative scenario possibility exists. Booking longs initially during the euphoric rise.
6 comments:
Hello illango,
So u suggest to take one more long at 4600. SInce i have booked my btst already.
Hi..Rishav,
No..
Conservative Trade:- This one had a short @ 4570 since 06.08.09. The same has been reversed to Long today @ 4600.
EW/ - & + ve Div Trade(Aggressive):- This one had a long @ 4494 initiated on 21.08.09 and the same has been suggested to book out around 4625 to 4650 with a trailing SL @ 4595 as at 10.12 AM.
Conservative: Due to certain criteria, we did not book profits twice 200 points, which will be looked into soon. This one is for holding more time.
Aggressive: Idea is to play small to medium swings lasting one day to 3 or 5 days.
Take your style.
Best regards.
ilango
Hi Ilango,
Firt of all thanks for putting in recommendations!!.
Secondly, Why the conservatives suffer due to some criteria.Booking profit is the supreme one for the traders!!!!
Hope you will come up with some exit strategy...
Regards,
Neil
Hi..Neil,
Once when we put out a profit booking @ 4400, the reselling level of 4500+ came at the open and the profit booking came in the evening. Subsequently, twice the opportunity was missed as we were looking out for 4250.Besides we don't want to be excessively active in this style of trading.
I will combine certain other criteria such as TA positions and make it more efficient.
Best regards.
ilango
Sir, what wud be an appropriate level to re enter into longs once again.
Thanks Ekta
Hi Ekta,
There are two possibilities running presently as shown in the morning post. Hence, I booked out of the longs in "Aggressive trade(EW). However, Conservative trade is on @ 4600 with a tight SL @ 4590.
As hourly looks "OB", I would want to get some confirmations before deciding on Longs or Shorts.Our settlement week will play out as per our OI & other F&O factors.
For Longs - Conservative one is there.If you had not entered longs at the open, then intra dip to 4620 is one area with TSL.
Best regards.
ilango
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