Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

satya, what is the Nifty Resistance and Support for the month of September now?

http://www.traderji.com/derivatives/23573-nifty-futures-trading-part-2-positional-43.html#post212963

posted, please click the link.

 

[renu daga]

jai ho,,, ganpati bappa!!

so ,, u are now with us,,,

charts are quite good,,
in one of my post,,,,if anyone remembers,,then recollect that i had stated that charts are going up / down in dialy no matter but weekly si coming up,,and now so is mnthly charts....so i thnk now one can understand what i mean,.,,,and this is teh reason dada i wsa going for long pos,,,,

renu
thanks for hard worked charts,,,giving clear picture,,,,
to be very frank,,,,everything is trend line in technicals.teh simplest tool....which will ultimately coincide witha ll other imp tools,,gann/ fib/ ,,,res/ supp...etc...

renu
draw few lines and get set gooooooooooooo

 

[Czar]

Dont tell me this is all it can pull back, if so, its in a mega hurry to go somewhere.... as dada mentioned Impulse is acting out...

ta tara.. so it was in a mega hurry...

 

[uasish]

The 3rd Point we envisaged yesterday during Mkt Hrs :=

We will be (+)vely Biased now.

 

[renu daga]

At first now invest, then invest, after that invest and last of all invest.

and in this recent big crash what i ahve learnt is ,,after invetsment DONT SLEEP!!!!

renu

 

[Czar]

My view for tomorrow: WE had a very good rally on friday (for which we will mostly cool off tomo morning from overbought zone) but was it one off, like the final to 6300 ? As I had mentioned several times earlier 1 more rally is pending which gave me complacency with my longs but now Its on & thus I would be very very cautious till we break 4650 with good force...

reason being we are in a weekly uptrend since 4539 was broken around 6.8.8 & to maintain that we now need to breach 4650 significantly otherwise a scenario of lower or double weekly top will arise, until now this is a test of that 4650 top... 14,500 on sensex should not break on closing IMHO till then I would very cautiously watch the hourly or daily for any sign of reversal to close my longs...

This rally is short coverings mostly till now, but now does it have stronger hands to support. Fundamentally I see nothing good except crude coming down, but till the time S&P (US) hangs out between 1261 & 13xx we will survive, we cannot sustain our own bull market in global weakness... watch for a break of 1260 in US S&P its awfully close.. if that happens, I suspect we will follow suit... Personally I have already shifted 50% stocks to defensive sectors rather than those which have rallied a lot on friday

Disclaimer: consult your own Cartoon Network Business Channel analyst before following above advice & that too at your own painful risk

 

[orderflow13]

Disclaimer: consult your own Cartoon Network Business Channel analyst before following above advice & that too at your own painful risk :

one thing is very clear in my chart, ur the next anchor of cnbc,replacing udayan,and telling things live like .." what u staring at? go catch ur coffe folks,meanwhile i place my trade," and " give me some room man,this news room is so crowded ,where is exit?i gotta exit from here & then from my crude future "...sorry no offence,but ur humor bone made me think like that

 

[Czar]

but be careful I can see some signs of Mitali in you, Oh Udayan, oh mighty Udayan

 

[S S]

The 3rd Point we envisaged yesterday during Mkt Hrs :=

We will be (+)vely Biased now.

Hi!

Your comment could be a wishful thinking. Personally, the up move on Tuesday appeared to me as a sucker's trap, thereby indicating a fall to follow, but I could be wrong!

Cheers!
SS

 

[renu daga]

covered my shorts at 4460....

renu
now waiting for long entry only when teh scenario settles down