Day Trading Futures

[a1b1trader]

BNF

If crosses and remains above 12870/75Then can see 12975/13000 levels.
But trade in pieces, there will be ups and down and not straight vertical up move

However in the meantime if crosses and sustains above 12810/20, can reach 12850

Below 12700 will not be good for the rally

Trade with strict SL/TSL
Take care

Target of 12850 met

Didnt cross 12820, whole day and in the closing hours, just moved and remained above 12810 to hit target 12850 and overshot to 12879 and closed at 12870.

But it seems that 12870/75 level will be a tough nut to crack. And also, I am observing some down movement there, if BNF doesnt cross this level. One way to cross this level may be a gap up open, on Monday

Ed
But even then be little cautious for a down move to 12730 or so

 

[a1b1trader]

My observation

NF

If crosses and sustains over 6720/25 can reach 6750/55

Keep proper SL/TSL
Take care

NF

If remains above 6680/85
Can bounce back
Even good bounce

Though NF remained above 6685, but didnt cross 6720, whole day.
But around 3, it bounced, crossed and remained above 6720 and made an high of 6735.8. It could have reached 6750 but the time was a constraint.

Now, I am observing some down movement from here, even if NF crosses 6840, and it seems that reaching 6750 may be difficult. One way to reach 6750/55 may be a small gap up open, on Monday, but even then it may fall to 6715 or so.

Take care

Ed
A fall below 6715 can trigger something different
And any fall below 6685/80 NF should be, seriously, taken care of.

 

[oilman5]

My observation

NF

If breaks and remains below 6650 then can see good fall
Even vertical fall

Keep proper SL/TSL
Take care

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
@presently nifty upmove will continue, as part of momentum, but new high correction is awaiting around 6850-6900.
So if market reaches that value within 10th april, first bear attack shall come, as expected new comers r slow to react- so quick fall about 200-300 pt may possible . Till then slow up= bull sustainability.
Let us see any RBI news.
,,,,,,,,,,,,,
(i am shorting /underwriting there)- this is a risky trade.

 

[a1b1trader]

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
@presently nifty upmove will continue, as part of momentum, but new high correction is awaiting around 6850-6900.
So if market reaches that value within 10th april, first bear attack shall come, as expected new comers r slow to react- so quick fall about 200-300 pt may possible . Till then slow up= bull sustainability.
Let us see any RBI news.
,,,,,,,,,,,,,
(i am shorting /underwriting there)- this is a risky trade.

Thanks oilman for your views

Perhaps you have missed my following post of 25th. I am also of the view that the max of this rally will be around 6900 NS. But, before reaching 6900, I am looking for a intermediate fall of about 300-400 points.

Dont know whether, this fall will be there or not.

BTW, the post you have quoted was one posted in the morning. In the previous post I have mentioned present levels of caution i.e 6715 and 6685/80. There are overall bearish indications in the charts of NF and BNF.

Lets see what happens on Monday and next week

Thanks again for your views.

The final top (not the present intermediate top) of the present rally, as per my observation, is likely to be

6770-80 NS

OR (if extended further)

around 6900 NS

The intermediate top is likely to be

6640/50 NS

6660/70 NF
(Around Sudoku's number)

This is just my observation and nothing more than that.
Just for paper trade

 

[Smart_trade]

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

 

[augubhai]

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

Read this somewhere....

As long as there are skeptics, the market will keep going up. When the last skeptic becomes bullish, the market will go down...

 

[XRAY27]

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

ST da,

when i asked about any new idea/s to be adopted for markets in all time high or low in this thread few days back...you told me only this simple thing to follow the present way of trading without any change...

Today morning i entered put and remained in that.. for longtime in hope...
this is the blunder i have done today
your words are once again alerting me to have in right direction..."Don't search for correction... when it come we will be in that trade"...

 

[Gaur_Krishna]

What a PRECISE Analysis..... :thumb:
We are proud that we have ST Da to guide us... :thumb::thumb:

Regards,
Gaur_Krishna

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

 

[Trader_PK]

My today trade

 

[Somatung]

Talked to many traders today. It seems that people are not trading the current trend at hand but are worried when it will take correction, will it start a downtrend from which level etc and calling every high as a great place to sell and getting stopped out. Traders are in disbelief and the market keeps going up .Traders are looking for an excuse to either not trade or short the market thereby resisting the ongoing trend.

Nobody knows when the current uptrend will end...but why worry about that....if the trend reverses, it will hit our daytrading stops of 10-12 points and swing trading stops of 25-30 points and we will know that the trend has reversed. But in anticipation of the the reversal , we are not only missing the money to be made from the current upmove but worse still we are loosing by shorting at every new top . I am sure when the downtrend starts, people will start thinking when that downtrend ends and will be going long at every bottom only to see new bottom hitting their stops.

Trade the current trend and that is definately UP...(we will trade the downtrend only when it starts)

Smart_trade

Sir

Thanks to come up with this and speak clear words. To get in such a mindset we need years of experience and we have to stay out of any so called: My view comments. This is one reason why I at the moment I see: My view, I stop reading any comments or post as I am not interested what others tell about what may happen. Have a nice weekend.