Nifty Futures Trading Part 2 (Positional)

[ThE HaMmEr]

sooo all the bears are back


glad to see positional charts here again........keep them coming guyss.......

hoping for all the seniors to come back --)


regards

neeraj

 

[coolboy007]

sooo all the bears are back


glad to see positional charts here again........keep them coming guyss.......

hoping for all the seniors to come back --)


regards

neeraj

The time has come for Bears to skillfully act and make one final blow
But if now RIL survives above 1410 zone then i dont see any resistance big enough long long way.
Whereas Nifty is at 2840 only RIL is VERY CLOSE to levels which it held at 3100 level a month back. If RIL rises nifty will for sure follow suit.
It will be very interesting to see Nifty behaviour at 2900 zone , if mkts dont sustain then a Big reversal is underway but these days positive Global cues are troubling bears.

REQUESTING biggest Bear of millenium to come back , we really miss his Nifty charts

 

[Saint]

Sticky-ing this thread at the top due to its popularity among fellow members.

All the best!
Saint

 

[ThE HaMmEr]

Sticky-ing this thread at the top due to its poularity among fellow members.

All the best!
Saint

ohhh wooow........yeyeee

 

[parttimetrader]

Tradable View on Nifty?

Hi Guys

Just wanted to see what specific, actionable analysis exists on this thread about the Nifty. I haven't been here in a long time, but I see that SatDa and other senior members are MIA.

Daily: A quick candlestick analysis of the Nifty (Spot) Daily Chart on Metastock shows that there was a "Bullish Harami" on Feb 3 and a "Bullish Engulfing" on Feb 6. If the bullish engulfing pattern occurs during an uptrend (as is the case with Nifty on the daily charts), it could be a "last engulfing top", which indicates a top. The test (Metastock suggests) is if the next candle closes below the top of the current white candle's real body.

The current (last trading day - Feb 6) white candle's real body had a top of 2843. Thus for this rally to continue, tomorrow's closing must be above 2843-the higher the better. Else, the bears could resume their partying.

I am really tempted (gut) to take a long position right at the open, and keep a stop at 2843. But the analysis shows a good chance of a blowout top kind of situation. What do you guys plan to do tomorrow?

PTT

 

[ThE HaMmEr]

ride the flow....the immidiate support of 2805-2790 shud not b broken for the rally to continue

also it will b interesting to watch reliance's movement tomm...


regards

neeraj

 

[pkamalesh]

i know by the time i post thi sit would have fluctuated...but its on intraday basis

 

[learn2trade08]

my love to nifty...i guess there is no substitute to hardwork..
i found another interesting thing on terminal,i am short on dlf cash and long on dlf fut(since morning),i have a feeling tomorrow opening the discount will vanish....if dlf is for stbt in religare which i need to check then i will carry cash shorts overnight with long on futs...
all the best.
2950 on fut here we come.

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.

 

[learn2trade08]

buddy,
sorry for the late reply....shorting puts is not the best thing to do now....
every action has an equivalent and opposite reaction...the upward journey is capped.
all the best.

L2T itna bataa diya ye aur bata do ki 2950 pe nifty short karun ya Reliance ???

 

[Sunil]

buddy,
sorry for the late reply....shorting puts is not the best thing to do now....
every action has an equivalent and opposite reaction...the upward journey is capped.
all the best.

hindi misunderstanding
2950 pe nifty short karoon = should i short Nifty at 2950?

I think u misunderstood "2950 pe" as "2950 put"






welcome back, satyamsit..... wish u a great start for your new innings in life