Indian Markets Futures Trend Update - 21 December 2010

Nifty Futures

Swing : UP

SAR : 5870

Low risk entry : 5926

Target : 6020

Bank Nifty Futures

Swing : DOWN

SAR :11550

Low risk entry : 11420

Target :11030

ICICI Bank Futures

Swing : DOWN

SAR : 1120

Low risk entry : 1097

Target : 1056

4 comments:

abhishekTuesday, December 21, 2010 8:52:00 AM
Hi ANUJ,

Thanks for update.
ReplyDelete
Replies
abhishekTuesday, December 21, 2010 10:21:00 AM
Hi, ANUJ,

ICICI BANK trigger LONG , so SL for day is Ema *200
in 5 min TF ?

Thanks.
ReplyDelete
Replies
A JTuesday, December 21, 2010 1:03:00 PM
@abhishek,
Yes triggered long in Bank Nifty and ICICI bank
SAR was 1120 went to 1138...Dont you think its good enough intraday profit? :).I dont feel having a trailing stop for intraday trades is of much use (JMO)
That's for intraday

For Swing trade( people who prefer less stress)
For the time being I would have 1090 as stoploss...Cant keep average as stop...as it still coming out of sideways trend(so would prefer price pivot or atr)...For swing trades stop loss is determined at the end of day... its still too early....1140 area is a gap resistance zone for days now.Lets see.Will update the stop loss eod
Cheers :)
ReplyDelete
Replies
abhishekTuesday, December 21, 2010 7:41:00 PM
@ Anuj,

Yes intraday profit is in ICICI bank Rs-20/-is superb/fine , my query regarding SL for intraday - if sudden falls come then how to handle position ,ok i read in your blog that you mentioned intraday SL can keep EMA 200 in 5 mint. TF, i may be wrong to understand .
i will grow slowly but surely with your guidance.
Thanks a lot.
ReplyDelete
Replies

Subscribe to: Post Comments (Atom)