Short Nf march 5300 Ce @ 280
Short Nf march 5600 Pe @ 210
Total Mtm recieve 490
Short nf below 5450
Long Nf above 5500
Target 200 points in 15-20 trading days
Short Nf march 5600 Pe @ 210
Total Mtm recieve 490
Short nf below 5450
Long Nf above 5500
Target 200 points in 15-20 trading days
All the best, I have taken position as per your strategy today. :)
ReplyDeleteI like your strategy a lot. Bur right now I am wondering how do we handle whipsaws in NF?
ReplyDeleteLooking at Ilango's target it is most likely that Nifty is most likely going to trade between 5400-5600/50.
In that scenario, if Nifty Futures goes below 5450 today, we will have to SHORT @ 5450, then if NF goes to 5550+ tomorrow, then we will have to go LONG @ 5550 (Loss of 100 points in NF). And finally when this corrective rally is over, NF will go below 5450 yet again (Another 100 points Loss in NF).
That means a Total loss of 100 + 100 = 200 points will be incurred in NF.
How do we avoid this kind of whiplash ?
@ Nifty.
ReplyDeleteu have to long @ 5500. If Nf stays above it for more than 15 min. than place a sl that suits U,at closing time if Nf close near to it or above it than carry otherwise cut ur position.
Regarding Illango sir target this is not have any effect of it.
We have to manage our position remain long above 5500.nf comes below it cut ur position.
Remain short below 5450 Nf comes above it cut ur position.
If U face Whipsaw than use a filter of 10-15 points for it.
I hope it all clears.