Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

 

[pkamalesh]

We can make out the two ranges in black and red lines that we usually look for a break out or a break down...invariably both have breached the trend that were holding for a long time now...So the immediate support and resistances for monday would be 2832 and 2890....

 

[pkamalesh]

Now looking at the weekly perspective we definitely have a bearish engulfing as the low of this week was 2810 and the previous week low was 2812...so thats good news forthe bears....as discussed by sunil sir in one of the threads as we had a longish kind of range for the week gone by we would now hold out the important supports and resisatance at 2810 and 3148...which would be the first targets once we get to know the direction.But most likely that we are moving down because of the importance laid for the break down of the ranges as discussed in the previous post...

 

[praveen taneja]

Now looking at the weekly perspective we definitely have a bearish engulfing as the low of this week was 2810 and the previous week low was 2812...so thats good news forthe bears....as discussed by sunil sir in one of the threads as we had a longish kind of range for the week gone by we would now hold out the important supports and resisatance at 2810 and 3148...which would be the first targets once we get to know the direction.But most likely that we are moving down because of the importance laid for the break down of the ranges as discussed in the previous post...

OMG kammy see the time of ur post that too on weekend
Yaar tum bhi Alex sir ki tarah kam sse kam engagement to karwa hi lo
KAHTE HAIN MOHABBAT MEIN NEEND NAHI AATI HAI,
ARE KOI HAM SE BHI MOHABBAT KARLE KAMBAKHT HAMEIN NEEND BAHUT AATI HAI

 

[pkamalesh]

kya kare pravin bhai , until i finish with my college work it becomes too late..only then i can look into the TJ stuff and all..thats y late...

 

[orderflow13]

2800 looks like support on daily trendline,weekly trendline and also its look like pivotal support also on daily & weekly, break or hold of it decides next course of action
thanks kammy for posting the charts, keep the good work going.
where is sat da n czar? hope they r healthy n sound

 

[pkamalesh]

Yes alex 2800 looks like a make or break point...me too waiting for satda and czar for a long time now...i guess they will be back for the bears festival.....hheheh

 

[arjit]

Anyone help me.When i login to Religare it gives msg.Server not responding.

 

[pkamalesh]

Anyone help me.When i login to Religare it gives msg.Server not responding.

Hi...may be u can change the server and try agian..or it might be due to the weekend technical upgradations....

 

[arjit]

hi,Kammy.Thanks for ur reply.It often gives the same msg. in trading hours also.Is there any setting through INTERNET OPTION?