Nifty Futures Trading

[renu daga]

hi vipin mkt wont trade in pos range

too many gaps which need to covered one done just now,,,and second shall also be done,,4580/4575/4570..is the boundary impact where fight will eb going

no postions today by me strictly on control
rocm has moved up!!tisco is still crying,,,
i shall wait for trend line supportto be long

renu

 

[renu daga]

nifty trading in marginal negative

one more thing to be noticed dow jones,,need to cross11700 sucessfuly( i just saw aglimpse of chart)where it si consolidating,,,,just watch,,

renu

 

[Czar]

Yesterday after many days we have seen a strange move, after making a high market seemed to consolidate & in the last session Nifty rushed with momentum to make new high & stopped abruptly the momentum disappeared, This seems to be a 1st sign of distribution rather than consolidation.... Smal Red flag raised IMO... The momentum should resume with high intensity by tomo to negate this or trouble ahead...

 

[new2sm]

4654 and 4675 are R1 & R2 resp.

 

[rishig38]

Yesterday after many days we have seen a strange move, after making a high market seemed to consolidate & in the last session Nifty rushed with momentum to make new high & stopped abruptly the momentum disappeared, This seems to be a 1st sign of distribution rather than consolidation.... Smal Red flag raised IMO... The momentum should resume with high intensity by tomo to negate this or trouble ahead...

Czar, do you believe going short is the best option now..even if there is a 100-200 point upmove the scope for the downtrend is at least 1000 points..what do you suggest?

 

[Czar]

Rishi, the Old Czar would agree the new does not This market is full of surprises which I have realized with pain, now what if Nifty went mad & shot to 5600 or even better go to make a double top, still this would be a bear market rally right ??? so better safe than sorry, if you remember last year we started rally to 6K+ from these levels & in this month itself...

 

[learn2trade08]

please be carefull with your shorts,not a lot of downside....We might fill the gap from yesterday......4530 seems to be a good support trouble starts if we break 4500 on closing basis...
all the best

Czar, do you believe going short is the best option now..even if there is a 100-200 point upmove the scope for the downtrend is at least 1000 points..what do you suggest?

 

[renu daga]

wow,,4588...

so now we are on our trading stop band.. conjestion ,, band area,,

renu
here shal look for long if other ind suport

renu

 

[learn2trade08]

darn,darn,darn,darn it.............
i held on to my shorts almost all day yesterday...today i short at 4634 and cover at 4614...write a message on shorts and realise freekin nifty slips 40 odd points within 2 minutes of my covering....That is how lucky i am,thankyou

please be carefull with your shorts,not a lot of downside....We might fill the gap from yesterday......4530 seems to be a good support trouble starts if we break 4500 on closing basis...
all the best

 

[citrus]

IIP numbers very bad