Nifty Futures Trading Part 2 (Positional)

[Czar]

A quicky update on dow, as mentioned it has reached an old trendline but on daily chart, it has broken thru a triangle & coming back to test the TL, a climb above 8700 can only save it, other wise triangle is deep of 2k points & could create havoc, as target would be 6.5k...

As per earlier post dow tested the TL y'day, now the suspense... A close below 8150 now would be bad but crossing over 8700 will be very good...

 

[orderflow13]

 

[orderflow13]

 

[coolboy007]

Eh???

Even after 3 reports worse out of 4 frm US , their mkts are in green.
Even when i will be 60 years old and come home in a audi given by our indian mkts , i will never be able to understand this US dow baba.
Lagta hai DOW has eaten chyawanprash this week.

 

[terminator_123]

Eh???

Even after 3 reports worse out of 4 frm US , their mkts are in green.
Even when i will be 60 years old and come home in a audi given by our indian mkts , i will never be able to understand this US dow baba.
Lagta hai DOW has eaten chyawanprash this week.

Looks like they have already factored in those reports or expected even worse...

 

[coolboy007]

Looks like they have already factored in those reports or expected even worse...

If they give a closing at current levels of +1/2% , then BINGO , it cn be assumed that traders know the current state of their country and are prepared for the worse to happen. It brings so much conviction when you go up -200 to even +50 when all reports are bad than expected. Only thing now depends on closing fig. Yesterday also they pulled frm the red just minutes before closing as they were trading in red.

2770 could be the level to watch 2moro , if cues are good then we may take it in a gap up , 2635-2865 could be the trading range 2moro. Both are good supports and resistances. EXP day , VIX is gonna climb.

 

[inspire]

Thanks alex.
last breakdown happened from 2850 levels. critical level to watch out for.
2835 also last weeks high.... if it gets taken out and closing above this week may lead to a good move up.... Lots of fight expected at around those levels.....

inspire.

 

[chiruvyapari]

chart of 25th?

 

[mitasatyajit]

 

[mitasatyajit]

chart of 25th?

Ouch ! Sorry for the mistake.