Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

Again stopped out, short from 3070. I think it is for Wi-fi.

 

[Czar]

In short we have rallied approx 50% from the bottom & approx retraced 50% of the last fall ...

weekly close needed above 3K for bulls to survive...

 

[satyamsit]

Again stopped out, short from 3070. I think it is for Wi-fi.

 

[sikandar]

Again stopped out, short from 3070. I think it is for Wi-fi.

Hi satyajit
Again any adjustment in stoploss for the short at3070?

 

[mitasatyajit]

Hi satyajit
Again any adjustment in stoploss for the short at3070?

Now stop may be maintained at 3125.

 

[mitasatyajit]

Ohh thanks, 01:55 passed. SAR at maroon line.

 

[mitasatyajit]

Mera 25 points and brokerage gaya pani me. Broker is laughing.

 

[satyamsit]

In short we have rallied approx 50% from the bottom & approx retraced 50% of the last fall ...

weekly close needed above 3K for bulls to survive...

Bhaiya r u talking abt the 5271-3761 downmove? if thats the one... yes we did absolutely that..just giving calculation for that... if not so ,then again we can get a idea of earlier move...

5271-3761 total move
50% was 4516.. we moved upto 4537
now the the upmove 3761-4537
agin dipeed upto 50% ..was at 4149
made low 4162

now total swing 3761-4537-4162 ..
if we extend .618 of previous upmove from low 4162.. getting high 4646

high made 4654. that last move pic given below.

 

[rishig38]

gayee bhains paani mein Nifty Spot at 3021 now....Satya ji, new charts please....we need to breach the maroon line as well...then only bear would make us all proud

 

[mitasatyajit]

gayee bhains paani mein Nifty Spot at 3021 now....Satya ji, new charts please....we need to breach the maroon line as well...then only bear would make us all proud