Nifty Futures Trading Part 2 (Positional)

[satyamsit]

Now for intra basis levels, 3102-3128 is the resistance for the day. of course the bigger and better 3157 is thr after those.

This levels is 3102 for the above chart.

55EMA i have used, merged at the fib projection from 2495.

 

[pkamalesh]

Good news for the shorts is that the main TL in maroon has just been kissed and nifty came down from there....Now will have to wait and see if the pivot is cracked tomorrow...

 

[dumdum20008]

Hi,
Im amazed by how easily they come to fill the gaps ( here 12-15 Dec NF-hourly) as due obligation
Whether the todays fall is pseudo or was current rally's strength ?
If rally's fatigue nature is to maintain then it should lookup immediately or briefly kissing 2900.
A weekly closing below 2906-2900( provisional chart for 19Dec), may invite 2860 or testing of pivot low 2805 next week.

 

[pkamalesh]

The main TL (maroon line) has not yet been touched...and we couldnt close above yesterday's high but we could breach yesterdays low during intraday...overall a news effective day for today...will have to watch out if we take out the res of 3095 for tomorrow for futhur upmove..and tomorrow being friday a traditionally red day for our markets..lets see...

 

[pkamalesh]

This week was a really confusing one filled with news and speculation...no charts worked nor did any systems...an overall disgusting one for a non positional trader....Anyways not to loose hope we continue our journey hoping to bring out our resting bears again..heheheh

OK..the maroon Tl that we were talking yesterday was breached but dint close above it which obviously leaves a ray of hope..and to remember last time we fell back from these levels..so there is going to be a pause before any one jumps and buys loads...But one thing is that we are really behaving in a bizare manner not going with the world markets..May be some doubts over this rally now..is it over or will it be higher this time???God knows..for now i only have the chart to contribute..have a wonderful weekend guys...

 

[pkamalesh]

 

[coolboy007]

Friends , AUTO bailout in US done.
President Bush: Automakers to get $17.4B...
Dow fut and europe have spiked like anything.

 

[pkamalesh]

Friends , AUTO bailout in US done.
President Bush: Automakers to get $17.4B...
Dow fut and europe have spiked like anything.

what ever comes i have decided to look at dow only after 1.30 am...till then no bharosa on it

 

[coolboy007]

what ever comes i have decided to look at dow only after 1.30 am...till then no bharosa on it

I just gave info on Opening trade and bailout. Dow is already in red Intelligent investors , selling at rises. They know these bailouts may help in short term only.

 

[learn2trade08]

dear coolboy,
hopefully the indices doesnt give a kahani mein twist from here on...
,all the best

I just gave info on Opening trade and bailout. Dow is already in red Intelligent investors , selling at rises. They know these bailouts may help in short term only.