Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

Can you tell the level of the new up TL in this hour ? approx 4275 ?

4279.85 this hour, next hour 4293.80 (may be a res/sup)

 

[Czar]

superb, both NS &NF tested it & jumped...

 

[mitasatyajit]

According to Renu, "jst drw some lien, get set go". i think this is the best name of this method.

 

[renu daga]

hi dada...and czar ,, sorry power failure,,
so no new lines,,,

well thnks ,, for my rain lines!!!
renu

 

[learn2trade08]

yupp....
it should be dealt with tonight....have my eyes on ntpc/relinfra/lt since morning,they never seemed to give positive cues though
all the best

Is the NSG Nuclear desision today, does anyone know ? might affect the markets on monday

 

[Czar]

well nifty is hanging, so hope the deal goes thru as some members are objecting... otherwise markets may take bad, since we dint clear 4355

 

[learn2trade08]

sincerely hoping it goes through,if not for the markets atleast for the power situation....it really was a bad situation like a few weeks ago here in south india....
all the best!

well nifty is hanging, so hope the deal goes thru as some members are objecting... other markets may take bad, since we dint clear 4355

 

[renu daga]

well one thng i have learned dada from u from ur charts that in trend lines use just bar chart,
it becomes more simple,,whenever the trend line is broken,, it is with blue bar

renu
until then its is red bar...
(no typing mistake)

 

[Czar]

Hey Renu, der aaye, durust aaye...

Weekly nifty is sandwiched between the lows trendline of JAn/Mar 08, unable to cross above & the falling TL from the 6357 top, from where support emerged, sould seem it nicely tested the breakout, but need to breakout above atleast 4500/4540 to prove bullishness

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[Czar]

Hum aur Dow, together sing bow wow, so who broke the trendline 1st, identical twins...