Nifty Futures Trading

[learn2trade08]

dear sunil,
i think it is not possible on rally,probably the 2 platform's are independent of eachother...going through the steps that you posted,the option u talk of in the context menu is not available in Rally.
sincerely appreciate your help.

 

[Sunil]

in the bigger 5day chart picture, support is seen at 4400 & resistance at 4600...
pivot being 4500 with S1 at 4450 & R1 at 4550...

i feel that if nifty wants to break & SUSTAIN above 4600, a retest of 4450 should take place...

KEY SPOT LEVELS FOR 08.08.08 (posted at 08:08:08)
(a day after shooting star & spinning top)

well, the two day ranged trade between 4500 & 4600 needed a breakout. Today might be the auspicious day to set the trend for next week...


PIVOTAL POINT
4535 is today's bearish pivot level.. Bears will have an upperhand as long as spot sustains below this level.

SUPPORTS:

4490 - The lower level of the two day range. If this level breaks with a gap down, then next visible strong support comes only near 4400. Also, S1 for today.

4440-4435 - My S2 for today. A good RSR level, which was initially a good resistance, should provide some support today.

4400 - A good level to go long for intraday/positional reversal with SL below 4385/4375...


RESISTANCES:

20 PT STEP AFTER 4535 PIVOT
4555
4575(R1)
4595
4615(R2)

 

[Sunil]

as of now, SGX nifty bounced up from S1 level & is now trading flatish....

(though, we cannot take this for granted & expect same movement)

 

[SamFisher]

as of now, SGX nifty bounced up from S1 level & is now trading flatish....

(though, we cannot take this for granted & expect same movement)

Yes..
Most asian indices are also flat.

 

[Sunil]

deja vu of yesterday

pivot comes into pic soon 4535 spot - test time or short time...???

 

[uasish]

Long from 4534.00 Stop = 4515.00

 

[uasish]

Released 50 % @ 4555.00 ;Stop for balance brought up to 4529.95

 

[uasish]

Targeting 4579.00

 

[uasish]

Stop Hit a loss of 4.05 in rest 50 %.

 

[Sunil]

what a sharp reaction from pivot level....
now it has to test it again to show some bullishness...