Nifty Futures Trading Part 2 (Positional)

[rishig38]

2903 TL broken comprehensively...it went up to 2921...should we expect further upside??

 

[mitasatyajit]

2903 TL broken comprehensively...it went up to 2921...should we expect further upside??

U can expect it, till u r above thin blue uptrend line (support). Resistances are thick maroon downtrend lines.

 

[the tape]

Long in nifty @ 2871

 

[satyamsit]

These r the 4 resistance levels to look at for ST. And 3 more pics are being posted to verify each levels more.

This is the trend line we broke at 2870 (posted earlier) and fell down at a greater speed. Its pegged at 2775 now.

now 2228 (lowest low) and todays high 2950... 23.6% is pegged at 2775.

watching that closely.

 

[rishig38]

now 2228 (lowest low) and todays high 2950... 23.6% is pegged at 2775.

watching that closely.

Satyamsit, what if it breaks 2950 then?

 

[satyamsit]

Satyamsit, what if it breaks 2950 then?

higher price.... simple . actually above 2775 m nt in a mood to short for Intra and ST. so looking for supp. will project nxt tgt and supp after crossing 2950. hopefully 3089 will come . lets see.

 

[rishig38]

higher price.... simple . actually above 2775 m nt in a mood to short for Intra and ST. so looking for supp. will project nxt tgt and supp after crossing 2950. hopefully 3089 will come . lets see.

Satyam, I believe the Upper circuit for Nifty is at 2995 so, no chance of 3089 today then....

 

[satyamsit]

Satyam, I believe the Upper circuit for Nifty is at 2995 so, no chance of 3089 today then....

I am nt talking abt today mate. i wrote intra and ST. looking for place to add longs near 2775 with 5-10 pts s/l. if broken will revese my trade.

 

[learn2trade08]

we have had a new thing from past few weeks,we have been closing in red on fridays,i wont be surprised if that happened today...we have come from 2250---we need t give back a bit,dont you think?
plz suggest

 

[satyamsit]

we have had a new thing from past few weeks,we have been closing in red on fridays,i wont be surprised if that happened today...we have come from 2250---we need t give back a bit,dont you think?
plz suggest

sir u are right on the tgt. thats y keeping my eyes on 2775 which is 23.6%.... even we can retrace 50% of the fall which is at 2589.. and satda's trend line 2587.