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Bank nifty started negative and traded in negative zone till 12 noon , then moved up surprisingly and dramatically to 300 points up within 3 hours on expiry day
red dotted line is previous close
and as per buy above and sell below technique bank nifty was in sell mode till 12 noon and trading weak
how to win in such situations
do not stay and open too many positions
know your trader which type of trader you are scalper short term medium term or long term investor .
if you are scalper choose 1 2 3 or 5 min time-frame charts .
watch and analyse chart and open your trade.
and if it is giving buy or sell signal choose trade accordingly
Must use stoploss order to protect your account .
to learn more on chart reading please visit http://dhanvarshagrp.blogspot.in/2009/12/how-to-read-stock-charts.html
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Raja said yesterday after making money on natural gas buy call
31 Oct 13, 07:59 PM
[×] [o] admin: BUY nat gas at 222.20 222.60 sl 221.70 tgt 225 228 inv time in 10 mins so keep sl also place 1 BUY at 215 1 SELL at 228.90 also firstname.lastname@example.org: Nat gas trading at trend line
31 Oct 13, 08:12 PM
[×] [o] admin: natural gas gaining 2000 rs per lot at 223.70 traded advised at 222 .20
Gas traded above 224 also …
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