Nifty thread: How to adjust Nifty Future buy trade if view goes wrong.
1:With bullish view bought Nifty future on Monday at 16635 (SL16570) There are two things we can do if view goes wrong,either close trade when SL hit or manage trade. Here we will explain you how to manage nifty future trade.We will try to close the trade C2C or with minor loss
2: When nifty could not sustain bullish momentum we started selling 16650CE. At day closing when Nifty future traded below our buy price we bought 16450PE.
3: Next day trend was bearish and we waited for confirmation and when it took resistance at previous day low we added more CE and at closing sold 16750 also.
4: Now holding this trade and if market trade or close below 16400 then we will sell more CE . Our loss is fixed below 16500 so we will keep selling CE to recover that loss
5: Now if Nifty sustain above 15580 we will buy 16800CE to and start selling PE.
5: Now if Nifty sustain above 15580 we will buy 16800CE to and start selling PE.
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