Nifty Futures Trading Part 2 (Positional)

[Sunil]

Da,
just to know your set-up / idea:
assuming that you are in nil position or in long position, when would you switch to short position: on break of this blue line (if long) or at/near that maroon line (if in nil position)
????????????????

 

[mitasatyajit]

Da,
just to know your set-up / idea:
assuming that you are in nil position or in long position, when would you switch to short position: on break of this blue line (if long) or at/near that maroon line (if in nil position)
????????????????

Just changed the chart. Added one maroon line. The level 3511 has been derived from monthly trendlines. Till price less than 3511, nifty is bearish. The blue line is important to hold the long position. Theoretically best possible short can be taken fresh at 3511, though my holding is long from 23xx level with dec option in sold position. I shall reverse the future long position if nifty breaks blue line. I cannot free of fear of being in long position till nifty breaks 3511. So keeping close watch in blue line.

 

[debdeeps]

Just changed the chart. Added one maroon line. The level 3511 has been derived from monthly trendlines. Till price less than 3511, nifty is bearish. The blue line is important to hold the long position. Theoretically best possible short can be taken fresh at 3511, though my holding is long from 23xx level with dec option in sold position. I shall reverse the future long position if nifty breaks blue line. I cannot free of fear of being in long position till nifty breaks 3511. So keeping close watch in blue line.

Da, if my understanding is correct Nifty has to open today above 3400 in order to be above the blue line indicated in your chart which at this time doesn't look possible since currently Nifty trading at 3045 in Singapore exchange, so does it indicate to go short from 3045-3075.

 

[mitasatyajit]

Da, if my understanding is correct Nifty has to open today above 3400 in order to be above the blue line indicated in your chart which at this time doesn't look possible since currently Nifty trading at 3045 in Singapore exchange, so does it indicate to go short from 3045-3075.

Breaking of blue line is the signal of going short.

 

[renu daga]

no not nesessary,,, to open 3400 above,,, but the clause is not to break that 60 degree angular lien formed,,, by hourly means
which will defenitely do today...

reasons????later on,,,after mkt ends

renu

 

[renu daga]

teh maroon lines coming form up are res,,,, where if u are long,,, and if sucessfully crossed new pos can be added,,, or ur stop can be suited to that levels

renu
always take current scenario of line... fo positions ,, and history lines for support / res

 

[praveen taneja]

Breaking of blue line is the signal of going short.

Da where is ur chart pls want to see all line broken today surely of downside????????????????????

 

[mitasatyajit]

Da where is ur chart pls want to see all line broken today surely of downside????????????????????

 

[satyamsit]

made 1st hour low on the brown line 2994(low made 2993)... broken the blue t.l and gone up... at 11:58 made high 3078... 12noon t.l was at 3074 (so a pt to short for intra basis at least)... m online here all along . but posting chart for these levels taking too much time... so no gain.. somebody want to draw these lines i think can get some views or help.

 

[praveen taneja]

Da is that any chance of breaking that dark brown line in the event of US election rally Thanx for fulfilling my wish