Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

Dow recovered all its 300 points loss...

 

[coolboy007]

Dow recovered all its 300 points loss...

Already in positive terrain. What a Volatility sirji....
Most volatile mkts ever seen.
Does anyone frm here trade DOW??

 

[pkamalesh]

Donno whats goin to happen to us tomorrow.....Whats line baba indicating???

 

[satyamsit]

First chart clearly showing H&S on hourly chart . tomorrow last hour for neckline pegged at 2985.
yday high was 2988.

3298-2786 (total down move).. 38.2% 2983

3178-2786 (last down move).. 50% 2983

so this 2983-2988 place is just crucial... for intra resistance and closing basis as well, above that strength will come for sure.

Now posting same pic did earlier.. again going above 2887 (38.2), will show strength for sure, as it did brk the trend line taking support in early oct'07.

Supports are same as discussed earlier .. 2745..low levels will be posted later on.




As discussed with SATDA on phone, we gonna have a bad volatile mkt for coming few sessions, the things r panning out in that way in true sense. we may get a big range to trade within. So... to be patience, will be the key i guess for coming few days, dont be impulsive plz, mkt will give chance everyday, we will wait for that rather than jumping around it.

 

[dumdum20008]

Nothing special, just started experimenting with Big Boss( Nifty Future hourly )
It seems 2930 short alert, but i will wait till 2 hourly bars sustain above that.

 

[Czar]

if you see dumdum most stocks have broken thru the lower TL channel in their 3rd wave so ideally so should Bharti...

 

[pkamalesh]

Guys sgx trading at 2910.....Shorts alert...

 

[praveen taneja]

Guys sgx trading at 2910.....Shorts alert...

And dow fut-75

 

[Czar]

A possible flag forming but still indicators not bullish on hourly...

 

[bjnaikhot]

2746 was not broken...three bad news were responded positively in dow...1}germany officially in recession 2) unemployment in usa reached 7 years high 3) the 700 billion usd plan of govt. changes track..they will not buy bad assets as per planned.......so this big move in dow is the first sign of bottom formation....for nifty...if 2975 in spot nifty ...if crossed and held at the close...chance of a big rally again....but remember 3223 must be crossed and closed above.if that happens chances are that we may well see 4100