Today was quite lack luster... today only reliance/ ongc played its good part in the market...
Just one liner dont initiate your long unless mkt closes above 2880 on closing basis...
A special advice to trader.. Use upmost of your margin you have given to your broker...e.g. if you have deposited Rs. 30000 with your trader and you are regularly playing mini nft whose margin is nearly 10k to 12k.. use this first 30000 only to your first position in mini nifty.. if you are making any new position strictly always make that position at 100/150+ points avg..so it gives you to make maximum use of your margin with your broker.
Discussing with my own position I have short mini nifty at 2722... resistance only at 2880.. if tomorrwo mkt again fail to go above this level i will short another mini at this strict stop loss and if this stop loss hit, means i avg. above 100+ nifty making full use of my margin,if this stop loss hit i will necessarily make approriate position with RELIANCE/ONGC..but i will hold my one short nifty...and try to get its price lower with other positon....this sort of situation arise only when mkt is rangebound with a very little movement as it gave today....
Many of you must be thinking curious about my trading...but this requires a great discipline and great study...you follow the same you will know the magic
BLOCK DEAL- Deutche securities bought 37,50,000 satyam at 26.18
SICOM sold 81,20,000 unitech at 27.24
DISCLAIMER- ITS GOOD TO ASSUME THAT I FOLLOW MY VIEW COMPLETELY
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