Nifty Futures Trading Part 2 (Positional)

[uasish]

Dow is (-) 127 points.

With only 21.30 points Stop,(that is Low=3050 & Close = 3071.30) i am going to Long on Monday.
The charts have started to show Reversal may be i will be stopped ,becoz there is even a possibilty of going to 2954.
So my strategy would be
1) to see at Opening whether Price above this close sustains then take a Long position with 3049.95 Stop.
2) If Opens below 3071.30,good possibilty ,then will wait to see whether 2954 zone hold or not,if holds then will Long ONLY WHEN ABOVE 3071.30 with 3049.95 Stop.

Once Again I am Sticking My Neck Out.

 

[renu daga]

dada.

one requset what has made u ,,, think reversals are near
second sticking ur neck out like giraffe,,,!!!

well rumour mkt will show 15000 before diwali,,,,,,,pls dont take this note for trading....even i ma not taking....do what teh indicators say

i feel 500 points of nifty pain is still left

 

[mitasatyajit]

dada.

one requset what has made u ,,, think reversals are near
second sticking ur neck out like giraffe,,,!!!

well rumour mkt will show 15000 before diwali,,,,,,,pls dont take this note for trading....even i ma not taking....do what teh indicators say

i feel 500 points of nifty pain is still left

 

[pkamalesh]

Looking at the monthly chart if we suppose there is greater support at the point where approximately three TL's coincide then the points would be 3571,2920 and 2659...So we asume that if there has to be a U turn for the nifty it atleast has to hold 3571 for the month..or else well see 2920 soon...on the 2659 level i think satda would be able to tell when well reach that level....and this months bar would be much bigger than the december 2007 one( circled in red)....

 

[renu daga]

well i think 2539

nifty cash
renu
offfffff

 

[columbus]

As expected earlier nifty closed below the blue line..now what next????

agla station 2850
next station 2850
pudhe station 2850

.....Bandra se Andheri, Andheri se Borivali, Borivali se Virar tez jaayegi.....

 

[renu daga]

one more view on nifty chart
on monthly basis

renu
the circled area shows support coming,,, and new lows again has to be formed

sorry deleeting old charts due to lack of space

 

[mitasatyajit]

one more view on nifty chart
on monthly basis

renu
the circled area shows support coming,,, and new lows again has to be formed

sorry deleeting old charts due to lack of space

Thank u for the post after a long days.

In ut attached chart, stochastic = 13, MACD = 95, RSI = 38, price low touches lower bollinger band. With the help of above data, how to identify support ?

Yellow line is near 2500, black lines are at 6500 and near 1400 or less.



Sorry for the inconvenience.

 

[uasish]

dada.

one requset what has made u ,,, think reversals are near
second sticking ur neck out like giraffe,,,!!!

well rumour mkt will show 15000 before diwali,,,,,,,pls dont take this note for trading....even i ma not taking....do what teh indicators say

i feel 500 points of nifty pain is still left

This is my subjective Opinion,with only 21.30 points Stop ,a strategy to Long,if it fails i would obviuosly be on Short side with conviction of the Levels given,you may differ ,of which everybody has equal right to do so.
Do we feel that ALL of our speculations works for MOST of us most of the Time.
Never ever seen one such individual in my entire trading life,but do we not then also take calculated Risks,each & everyday.

 

[pkamalesh]

.....Bandra se Andheri, Andheri se Borivali, Borivali se Virar tez jaayegi.....

Columbus...u from hyderabad???me too from hyd but now in mumbai..gr8 to se some one from hyd....