HomeLatest PostsNifty analysis - 11 May | Nifty intraday analysis

Nifty analysis – 11 May | Nifty intraday analysis

-

Nifty analysis – 11 May:

The overnight position if Nifty has opened in Red. Waiting for PA to develop.

Nifty analysis – 11 May | Update (09:41 am):

Got stopped out of my short position in Nifty futures. Entered a bit early, stopped by 10 points. Holding out the rest of the positions with the day’s high as SL. Let’s see.

Maximum loss limit = 1%.

Update (09:45 am):

Nifty Futures levels

Nifty analysis - 11 May

Update (11:15 am):

Short-term target has been reached. Final HTF objective – 16k. Let’s see. Will short on the pullback, if it comes to my level.

Nifty analysis - 11 May

Update (11:57 am):

Took this pair trade.

1. Kotak Bank LONG
2. Wipro SHORT

Logic = Kotak Bank will outperform Wipro.

Risk limit = 1% of the capital.

Update (01:21 pm):

Final objective has been reached. Will keep holding on my positions, until and unless there is a spike. The pair trade is also going well at the moment. Let’s see what happens after 2:30.

Update (02:09 pm):

Didn’t expect such a deep recovery, more than half of the profit has been wiped out. The HTF is still bearish. Most likely this bounce is being used to create fresh shorts.

I am not aggressively trailing my positions. Hence, I will either exit at 1% loss or bag the complete premium.

Update (02:37 pm):

Closed out my positions in Nifty for 7.5k because I was getting anxious. No point in holding a trade if it makes you worry. 😅

I had the opportunity to close at the bottom I was thinking about carrying the position overnight, hence didn’t close at 16k Nevertheless, it’s still a good profit of 7.5k.

Still holding on to the pair trade. Will carry it overnight if the SL doesn’t get triggered by EOD.

Update (03:25 pm):

Closed the pair trade. Turned out to be a bad day. I was in 3% profit but had to close at 0% now. Totally bad day. From 15k profit to 0.

Important links:

image_pdfDownload PDF
close

🤞Want to be a better trader?

We don’t spam! Read our privacy policy for more info.

close

IT’S HERE! DON’T MISS OUT!

Learn the Art of

Trading!

Subscribe to our newsletter!
Get all the new content delivered to you.

We don’t spam! Read our privacy policy for more info.

Rajat Kumar Singhhttps://tradingwick.in
Hi, my name is Rajat and I have an immense love for charts. I hold a Bachelor’s in Engineering in IT and am currently working as the community manager (India) for TradingView. Join me in my journey to become a better trader! ❤️

LATEST POSTS

How do different traders see the price?...

One of the most important questions to ask yourself when you are learning to trade is "How do different...

Bearish market structure | Best guide with...

Before we study about bearish market structure, let us understand the basics of market structure. What is Market structure? Market structure...

Bullish market structure | Best guide with...

Before we study about bullish market structure, let us understand the basics of market structure. What is Market structure? Market structure...

What is Market structure? Best guide with...

Market structure is one of the most undervalued topics in trading. People don't spend enough time learning about it....

Follow Me

600FollowersFollow
396FollowersFollow
1,080SubscribersSubscribe

Most Popular