Tuesday, 8 September 2015

Nifty Future 08092015


Took only one trade today as marked.  Could not get good setup at Range low to enter long, so entered on BPB of Range high.  I kept it trailing till PDH as the up move was showing good strength as marked by red lines on chart.  Another reason for trailing was that yesterday there was a big bear on TV advising people to sell after the good 15%+ fall on the index, so I suspected some kind of bottom formation for near term.

5 comments:

  1. Dave,
    Nice trades ....
    By the way who is that big bear ?

    ~senthil

    ReplyDelete
  2. Dave,
    I got the big bear from your yesterday's post ...
    ~senthil

    ReplyDelete
  3. HI Dave i have a doubt I am a newbie in nifty futures as per decion point concept we consider BRN RN of future chart but nifty futures has a premium of when compared to spot price so do we are looking at RN and BRN 's of futures ...do we also need to consider spot RN and BRN...thanks

    ReplyDelete
  4. KVN

    We trade using future chart. Use BRN only as DP. Use RN and spot RN, BRN for trade management. Read all the articles posted by ST sir on his blog thoroughly and try to understand the concept well. If still any doubt, you can post them in the comments section.

    URD

    ReplyDelete