Nifty Futures Trading Part 2 (Positional)

Status
Not open for further replies.

kiranb

Well-Known Member


Now we have resistance at 2800, and support is at 2670 to 2680. But for today we may not break both the levels. When BO or BD of these levels happens we may see wild moves. If we break out above 2795 with good volumes then chances of moving above previous high (2973) is high due to expanding triangle patten.
If we break below 2670 levels then the chances of going below to 2K are high due to H & S patten.

http://img403.imageshack.us/img403/342/nfexptri25feb2009.png

http://img6.imageshack.us/img6/5126/nfhs25feb2009.png

Kiran
 
L

learn2trade08

Guest
PT, expiry day...
190

:)

Kya bro L2T abhi to game shuru hua hai:D
DLF is one of the most shorted stock and with Rollover will b 90% less due to increase in lot size short covering will take it to 190 I feel
Disclosure: I am on DLF 160 calls at 2.25 close at 3.10:D
I remember one of seniors line
In this expiry Bears will b squeezed in short counters
& Bulls will b squeezed in Long corners Sorry cant remember Its Czar or Sudoku:)
 
C

Czar

Guest
The bullish move has subsided IMO, a move below 2725 will aggravate the bearishness...I would now only take longs above 2850 approx.... that is ultra safe but 2800+ would be resuming uptrend.... but then we have milked this move lets wait for the next ?
 
Status
Not open for further replies.

Similar threads