Nifty Futures Trading Part 2 (Positional)

[the tape]

Long in nifty @ 2910

Out @2933. not looking perfect

 

[satyamsit]

as of now we r getting an island reversal. yday low 2971 ...todays high 2953.

3298-2868 (total downmove fm top) 23.6% is at 2970.... we need to cross that badly for some bull shope i think.

 

[satyamsit]

2971.90 high as of nowwwwwwwww.... wathcing it closely.

 

[rishig38]

what is the reason behind 2971 now?

 

[satyamsit]

what is the reason behind 2971 now?

given above .

 

[rishig38]

given above .

do we need to close above it or just cross above it?

 

[satyamsit]

do we need to close above it or just cross above it?

closing is must ... has to cross convincingly.

 

[rishig38]

closing is must ... has to cross convincingly.

wow...broke it convincingly...now the only thing left is the closing

 

[satyamsit]

3023 is 23.6 of 3298-2854
high 3019
and from low rally 2854-3019 23.6 and 38.2 r 2980/2956..
if sustained then good
2956 main pt to look at

 

[coolboy007]

Inflation has come at 10.72 m mkts reacting heavily ,it declined frm last time or rose.