Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

 

[satyamsit]

Hi all, it was a hectic time for me for last couple of wks. Thats y unable join thread. Apology to all my seniors and friends. i am back now

 

[pkamalesh]

Hi all, it was a hectic time for me for last couple of wks. Thats y unable join thread. Apology to all my seniors and friends. i am back now

Hey satyam...was really really missing u man.....good that u came back....hope wel start studying together again...

 

[coolboy007]

Hey satyam...was really really missing u man.....good that u came back....hope wel start studying together again...

Kammy ,

Where had you disappeared for so long?? Did u and satyamsit together took a mass bunk

 

[knarendra]

Im expect selling from 11.30 on Nifty-3000.
Im take long on Dec 2900 PE @ 63/-. Position continued.
What happened on Tomorrow?

 

[pkamalesh]

 

[satyamsit]

Hi all, starting off with a familiar charts, after number of successful tests, we r agian at the very crucial juncture. A close above the TL (pegged at 3009 for 16th dec), will initiate a bigger upmove very likely. (eventually 15th dec place was at 3015. and high made 3017, so it worked as the bar chart resistance also, so for intra move also 3009 will be a good place for a impending resistance.

Now, taking a look at history, in july we went upto 61.8 of the previous movement fm 3761 while retracing upward and hit 4654.

This time 2228-3298 61.8% fm the next higher low 2495 is pegged at 3157.

U can see two things , one fib projection and one fib retracement.. projection is at 3157 as said above , and the top down 38.2% rt of the downmove (4654-2228) is merging exactly at 3157.

So for positional view a close above 3009 can easily take us to 3157, which can be considered as the main hurdle to decide the longivity of the current upmove. and 3009 will act as intra resistance also (as 15th chart did tell).

 

[satyamsit]

for intra upside resistance wud be at 3009 ( as discussed in earlier charts).

and now the chart is pointing towards such 5th wave levels which r obtained fm different tops , and merged to each other exactly, these r at 3040 & 3173 (form eod we got 3157).

Support

 

[orderflow13]

good to see ur posts here again sit
now it seems me who entrapped in his personal issues ... you keep going bro

 

[orderflow13]

nifty wd be dead n full of whipsaws but with positive bias, as said earlier ..so taking opportunity to posts some views of hdil, which i found on chart tradable, but..

HDIL hitting its resistance zone ..it wd be great long if breaches 132.60 with 155 in view..meanwhile..watch