Nifty Futures Trading Part 2 (Positional)

[praveen taneja]

to those who follow time trend:

former changed

12:30 - 1:15
1:00 - 1:45
1:30 - 2:15
2:00 - 2:45
2:15 - 3:00
2:30 - 3:15
3:00 - 3:45

sir can i ask u wat is this for n how people use it ???????????????

 

[jeniljohntj]

Hi,
I am jenil JOhn, I am new into trading can anyone guide me to go with shares..please assist to know good shares and to make profit..

Regards,
jenil john

If anybody wants to hedge nifty future position with option, please share ur knowledge and strategy here.

You can apply any method EW, Trendline, indicators, pattern identification ...... anything usefull for positional nifty future trading here.

Main motive is to show how the money can be made to any newcomer so that he/she can be confident about the method he/she has learnt from here.


Regards.

 

[mitasatyajit]

Hi,
I am jenil JOhn, I am new into trading can anyone guide me to go with shares..please assist to know good shares and to make profit..

Regards,
jenil john

This thread is meant for nifty future only. For stocks, search traderji's different threads, u will find many.

Regards.

 

[mitasatyajit]

 

[Sunil]

Renu,

Today we have an INSIDE BAR on DAILY CHART....

FUT:
TODAY'S HIGH - 4229
YEST'S HIGH - 4244

TODAY'S LOW - 4143
YEST'S LOW - 4133

But, sadly, not that much difference...
as per theory, if 4229 breaks on upside, then Target 1 = 4244
if 4143 breaks on downside, then Target 1 = 4133

But, usually, the breakout on either side of an inside bar (which is formed on EOD basis) sets the trend for the very short term. So, upside break may target 4300, and downside break may target 4100...

Today's FUT closing is also just half way through 4229 & 4143 (4180)


Even in SPOT, if we take the actual chartical values, we have an inside bar

Today's High - 4208
Yest's High - 4225

Today's Low - 4132
Yest's Low - 4118


Hope that the Gap open is less than 40 points, otherwise the initial target of the inside bar break will be achieved in gap open itself...!!!

 

[parttimetrader]

Nifty Positional Analysis - Gann+Fib

Guys... Please refer attached file. Comments are invited.


Fibonacci in Red, Gann fan in Blue.

Price is barely hanging on to the 23.6% Fibonacci support level
and is bouncing offa the 63.75 degree Gann line (1x2), if one
doesn't use hard stops. My positional long is still on, targeting
the next Gann angle or fibonacci resistance as the first step,
even though the price action is hardly inspiring!

 

[orderflow13]

 

[Czar]

I just realised does'nt this look like a bullish flag pattern on hourly ?

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[Czar]

if this is true then target would be:

Targets: The length of the flagpole can be applied to the resistance break or support break of the flag/pennant to estimate the advance or decline.

that would be around 4700+

 

[Sunil]

czar, switching to 5 min or 30 min and I am seeing a pennant... which is again bullish...

let's see how things pan out....
a decent breakout is sure coz of inside bar,
rounding off in FUT, we have 4200 & 4150 aar ya paar