Nifty Futures Positional Trading

[jamit_05]

Trend is still UP.... So, don't buy PUTS or short NF just yet. For the same risk you will get much better odds.

Will look for long setups near 6200 for 50 to 100 quick points...

Hope ya'll have had a happy Diwali.

 

[timepass]

Trend is still UP.... So, don't buy PUTS or short NF just yet. For the same risk you will get much better odds.

Will look for long setups near 6200 for 50 to 100 quick points...

Hope ya'll have had a happy Diwali.

15ema is at 6215 at eod today.

 

[jamit_05]

15ema is at 6215 at eod today.

Ema 15 is at 6197 EOD. Plus the round figure of 6200. So this should act as support. Any 15 min pivot high breaks will give us good odds to go long for 100 odd points.

Tks TP.

 

[jamit_05]

NF 6230 to 6200 is the buy zone, when combined with a sensible setup makes a good trade

 

[jamit_05]

It is a time to evaluate ones view when price stops very near Ema15. Spot did that yesterday.

 

[whisky]

NF 6230 to 6200 is the buy zone, when combined with a sensible setup makes a good trade

so below 6200 is sell zone?

 

[jamit_05]

so below 6200 is sell zone?

No Short setup yet. And I am beginning to get worried that if there is a 500 point fall, I may miss it...

 

[jamit_05]

Bears have committed themselves in this downleg. Either they get thrashed and they run for cover or they are able to attract enough majority and break 6000. The later seems to be a little tough to do, given that the elections are around the corner. So, we are soon gonna say hello to 6500, it only a matter of time.

 

[Gandhar.]

amit why elections have the tendency to take the markets up??

 

[umeshmandal]

Govt in Power wants to show that Economy is doing well !