Daily Tryst with Nifty

[WOD]

4240 proving to be good support....waiting for its break...

 

[WOD]

http://www.traderji.com/technical-a...fty-futures-trading-thread-13.html#post228613

Looks like this thread is a goldmine....will be studyig the etire thread this weekend....:thumb:

 

[Sunil]

12:15 bar in 5min will dictate the movement after 12:30 / EU open, as per stochs

 

[MurAtt]

12:15 bar in 5min will dictate the movement after 12:30 / EU open, as per stochs

Gone with the wind .....

418x-416x next but with some minor xx00 support inbetween ...

 

[Sunil]

12:15 bar in 5min will dictate the movement after 12:30 / EU open, as per stochs

12:15 c r a c k e d

ankit, after a near no-show yesterday, stochs gave some "bit/bite" today

 

[lazytrader]

sunil bhai ..just going through weekly charts & this looks like a INV head & shoulder to me ..with neckline at nearly 4700-4750...

target may be 4700+2200=6900 ??

what do you say ..

6900 by 2010 end? Sounds credible.

 

[lazytrader]

4240 proving to be good support....waiting for its break...

If you are not trading intraday then it would be better to short below 4200.

 

[lazytrader]

just wait for a break of 4242 in spot and let it there for at least 5 mnts:thumb:
still choice n profit loss urs
sometime watever we see is not there
I will wait for a break of 4180 before booking my long:thumb:
tgt is still 4400 but even 4350 will b ok wont mind

Good judgement!

I would say 4185 and lower it would turn brearish. Trying to short on a consolidation day will be bad. The momentum is with the bulls and will take till tomorrow to turn around.

 

[Sunil]

12:15 c r a c k e d

ankit, after a near no-show yesterday, stochs gave some "bit/bite" today

@Ankit,
2nd trade as short from PL 4225
(nearly coincided with Pride's method) - also a thumbs up

 

[lazytrader]

Looks like a double bottom on Nifty...

Target 4300..