Today should see one more gap open. Previous posts have discussed The process of trading a gap open. The same process can be used to exit short positions. Wait fair a specified period of time - 15 minutes to 45 minutes. Then, identify the high and low of this period. If the Nifty crosses the high, short positions should be closed immediately. If your system demands an immediate exit at the open, then follow your system.
What about traders who are long? The same process can be used to decide on an exit. If the nifty goes below the low, you may consider exiting, wholly or partially.
For new positions, same rules apply. First, decide on your view. Do you have a bullish view or a bearish view. Then take a position on a breakout or breakdown.
This is Sudarshan's blog - sudarshanonline.com. It discusses the technical analysis of Indian Stock Markets emphasising on online day trading and futures trading strategies.

Friday, October 7, 2011
trading with a gap open
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► November (16)
- Nifty ready for an upmove?
- Does blogging help in trading?
- Low Risk outperforms High Risk
- Divergence Trading
- Better late than Never
- How to catch falling knives - Don't Try
- Intraday trading
- Nifty: Trading range Breakdown
- Expectations from trading - contentment
- CNXIT–A Look at charts
- Stop Loss and other issues
- Trading as a Business
- Gold at New Highs
- Return of Common Sense
- ABAN is showing some strength.
- Mid Cap Wake up call?
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▼ October (28)
- Answers to comments oct31-11
- Process of Consolidation Likely
- Nifty Pattern Targets Reached
- Happy Diwali
- Stock Selection (based upon their historical volat...
- M&M Consolidation
- Niftnear ORB Trade
- A dip in an ongoing up trend
- TATA Motors Life Cycle
- Hindalco touches support
- Mystery of the missing trailing stop
- Nifty Live Oct 12-11
- Point and Figure Charts
- Aiming for a better trade
- Long term view of Nifty
- Zen stories for Traders
- Hero Motor Corp at its support level
- NR 7 in Nifty Weekly Chart
- trading with a gap open
- Silver Pushes against Resistance
- An unusual continuation pattern in the Nifty
- Sudden Rally
- Nifty at 4750
- There is a time to be old and a time to be bold
- Afternoon review
- Nifty - Long Term View
- Higher High - Higher Low pattern in CNX IT
- Bear market shows its strength
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► November (16)

2 comments:
I have seen that as ONES IPO was giving remarkable return to short term Investor,,,for last 6/7 months nifty range is so good its giving the same return to short term trader/positional trader....
sir ji you gave seminar on 14 may 2011 along with vivek ratan for
Topic: Day Trading Strategies and Methods
•How to develop a view on markets each day before we actually start trading ? if possible upload presentation. or please write on it
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