Nifty Futures Trading Part 2 (Positional)

[Czar]

Another flag cum inv shoulder in process if we dont break down in next few days...

 

[Czar]

lolzzz, seriously sk,cz.. my brain is not functioning well after THAT TRAGIC INCIDENT
wonder those things rejuvenate my interest in psychology, studying hard on brain programming, hope along with trading it helps to program my girls brain in a right way ..

is it necessary to write girls in stead of girl every time... this shows how your mind is working

 

[orderflow13]

If 2871 taken out then there are unfilled gaps waiting like jaw dropping crocodiles, also interesting thing is in so called bear rally we have those 2 consecative unfilled gaps, and if we have got one more unfilled gap up then in candlesticks terms market is bullish
In last hour an a half of trade there was massive 14 lk shade in o.i. in 2800pe, at the time of last post it was around 92 lk now o.i. in 2800 pe stands 78 lk.
To predict the nature and quality of the 2871 support 2800 put going to give very good trading directions.Even now 2800 pe with 72 lk o.i. is highly leveraged standing positions in the market.
Add & edit - Fib levels added

 

[learn2trade08]

just an update...
ril tested the 100 dma and today closed below it.
i guess the countdown begins,unless mr ambani senior wants to consolidate for a few sessions.
all the best

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.

 

[pkamalesh]

 

[pkamalesh]

 

[orderflow13]

 

[orderflow13]

close resemblance with 7th of jan09 now this time price playing the trap game

 

[coolboy007]

NIFTY WEEKLY CHART FOR A CHANGE

 

[kiranb]

Nifty is moving side ways now, do we get Break out or Break down ?

We can see both Bullish patten Flag and a bearish patten descending triangle in nifty now.

Can a descending triangle act like a pennant ??