Nifty Futures Trading Part 2 (Positional)

[ThE HaMmEr]

missing the much much valuable charts for trading positional in nifty

 

[pkamalesh]

missing the much much valuable charts for trading positional in nifty

As we see the point of th4e break down from the traingle was 2935.

Generally the first target for such break downs are 5 % if the traingle dint last for more than 60 - 70 days...

So assuming the target of 5 % from 2935..the next support would have been 2789 (We closed at 2780 today).
Even if we round off the BD to 2900, the max support would have gone to 2755...as we see nifty is taking support around these levesl only...tht indiactes the weekish moves that we are seeing for the past few days...there need to be a furthur break down of the 2750-2700 area for the bears to jingle back....As far as the upside goes theres no such confidence...

 

[pkamalesh]

Now to confirm the above break down and the continuation of the down trend we have this outside bar on the weekly...It can be clearly seen that after this outside bar was formed the range broke down on the weekly as well...Generally outside bars indicate the end of the existing trend (which was up)....

 

[ThE HaMmEr]

happy to see the charts here again......hoping for more posts frm u kamlesh sir nd i hope all d seniors b bak here again


regards

neeraj

 

[pkamalesh]

Now finally back to our TL baby(BABA)...

 

[dhinakar113]

Hi Kamalesh,

Thank you for posting TL chart after so many days. We had been missing the charts from you, satya. Keep it up.

regards

 

[praveen taneja]

As we see the point of th4e break down from the traingle was 2935.

Generally the first target for such break downs are 5 % if the traingle dint last for more than 60 - 70 days...

So assuming the target of 5 % from 2935..the next support would have been 2789 (We closed at 2780 today).
Even if we round off the BD to 2900, the max support would have gone to 2755...as we see nifty is taking support around these levesl only...tht indiactes the weekish moves that we are seeing for the past few days...there need to be a furthur break down of the 2750-2700 area for the bears to jingle back....As far as the upside goes theres no such confidence...

superb Kammy god bless u
You are really becoming more and more perfect
Really hope till satyaDa come back ur linr baba support us all

 

[learn2trade08]

bank index looks technically for a small rally,any fundamental good news can ruin the bears party now....
all the best.

 

[pkamalesh]

Hi Kamalesh,

Thank you for posting TL chart after so many days. We had been missing the charts from you, satya. Keep it up.

regards

Thanks bro...will keep updating these as time permits....

 

[pkamalesh]

superb Kammy god bless u
You are really becoming more and more perfect
Really hope till satyaDa come back ur linr baba support us all

na bhai....not perfect..yet to learn a lot from seniors like u...thanks for ur lovely words..