Nifty Futures Trading Part 2 (Positional)

[Czar]

Ya Sunil its cool its a love / hate relationship

 

[uasish]

Lakshman Rekha ,will unfold when Price comes near it.

 

[lalpar]

Bought 4200 call at 60

 

[mitasatyajit]

czar, SatDa would be seeing all this with glee....
all his players left the field, but he, being the captain, stayed PUT (literally)....
fortune favours not only the brave but also disciplined ones...

SatDa, just one request...
please post your chart after 10am... and your levels marked out...

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[renu daga]

good 4021 ahs come into picture

renu

 

[mitasatyajit]

Squared all fut position @4025-4027. Will wait the behavier at 3965. Profit 4340 - 4026 = 314 points.

 

[SriVijay]

todays support please

 

[mitasatyajit]

Now it safe place to take lunch 4007 - 3965. We have huge time to watch Bull - Bear fight.

 

[Sunil]

since discussion about "past" is going on, let me bring in the latest chart of the congress support trendline (on non-log adjusted basis)

here's the old mid-july post where 3800 spot support was expectedly held...
http://www.traderji.com/derivatives/18953-nifty-futures-trading-910.html#post198142

here's the latest monthly chart of SPOT nifty...
where around 3900 IS THE LOWEST POSSIBLE FOR SEPTEMBER 08

Also, Czar's & mine favourite but controversial Jan08 peak Trendline (which provided strong resistance from Jan to August, and has been providing good support after that...
WHERE AROUND 4000 IS THE LOWEST POSSIBLE FOR THE COMING WEEK OF SEPTEMBER...

so, this Jan 08 TL was tasted today at spot 4000 for 5th time....
and obviously, we will clsse in negative now... (5days in row now)
let's see which "5" ritual holds now...

 

[Czar]

4000 spot breached...