Nifty Futures Trading Part 2 (Positional)

[ThE HaMmEr]

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

yeaaaa.......me too standing long using 60 min flow method....also long in icici bank ........

 

[pkamalesh]

 

[pkamalesh]

 

[pkamalesh]

US ended almost 3 % up....ab hamare bears ko kya hoga??

 

[learn2trade08]

kammi,
only thing i can think of is the golden words czar had told me,its always in my mind....
MARKET GIVES EVERY ONE A CHANCE TO EXIT!
bears had their chance entire last week,bulls will probably have one last chance in the coming days.
all the best

US ended almost 3 % up....ab hamare bears ko kya hoga??

 

[pkamalesh]

kammi,
only thing i can think of is the golden words czar had told me,its always in my mind....
MARKET GIVES EVERY ONE A CHANCE TO EXIT!
bears had their chance entire last week,bulls will probably have one last chance in the coming days.
all the best

Thanks for the encouragin words shishir...hahahah

 

[praveen taneja]

US ended almost 3 % up....ab hamare bears ko kya hoga??

Dont worry hav faith on puts this rally is on expectation of some money which is niether with US & nor with Obama
when all sensible persons start getting sense of 3050,3150,3250
Keep an eye on 2850,2750.2650
Khali pet bhajan na hoye gopala mean without money no stimulus
Hariom

 

[learn2trade08]

ok people...i think the only script which can stop 3000 on nifty is reliance....
it will be interesting to see reliance performance tomorrow...but there is definitely room for reliance for another 60-70 rs on the upside...

nifty fut resistance at 2940 and 3020-3040....

btw,its taken more than 4 hours on each of these charts going through hourly data of last 7 months....so hoping they don't let me down now....
also the above 2 technically are not triangles,simple support and resistance.

 

[columbus]

2700~2900 appear to be range for next week for NIFTY FUTURES.

 

[coolboy007]

RIL will face STIFF resistance at 1360-70 zone. Crossing is very tough for RIL at present but due to Dow good Closing and Obama euphoria if 1365 is gulped in Gap Up , RIL has way clear to non stop go and hit 1400 zone , at 1410 RIL has multiple resistances (many TL's meeting ) and am fairly confident of shorting it at this level , we should also take into account the Overbought conditions with multiple resistances , an excellent RECIPE for bears

Without a Considerable correction , RIL cant head up higher.

I hold short positions on RIL built at 1340 level ( had in mind 1365 resistance level but lets see if thats broken )

Here is the Daily Chart ---