Nifty Futures Trading Part 2 (Positional)

[Czar]

Asishda its gonna be fatafat gap cover, sgx pointing to 2925

darn I am short nifty long stocks, hope my stocks rally more than nifty

 

[S S]

S.S.,

I think u got the answer. If u close below 3511 in October, at least bullish trend is not there. The possibility of other two trends downward or sideways. Now ur choice remains in two trends bearish / sideways.

Ofcourse high/resistance at 3511 during November comes into account, if u can cross the downward thick maroon lines. Have u sufficiant fund to cross the thick maroon lines ?

Let us know ur choice.

http://www.traderji.com/derivatives/23534-food-thought-post243038.html#post243038

 

[satyamsit]

2819 is my point of interest, above which some more strength can be expected, if not crossed then satda will............. pataalbhairavi (rectified)....something that sort.

our extreme overhead resistance was 2820... days low made 2825. i think its a buy on dip scenario.

 

[orderflow13]

its a confirm reversal in nifty,

 

[S S]

Great!

CNBC still showing Oct 2008 Nifty Futures.... and that too at a discount of about 175 points. Very reliable and dependable TV channel

 

[mitasatyajit]

 

[orderflow13]

bank of japan reduce key interest rates.. its good for us as yen carry trade will peak up again in view of weakness of yen
cheers

 

[Czar]

2765 (fut) should be tested once IMO / 3075 spot is downward TL

 

[satyamsit]

 

[mitasatyajit]