Nifty Futures Trading

[Sunil]

I think 4511 hault is over, we can start our journey after nice refreshment.

i really admire your sense of humour & salute your trading spirit,
mita's satyajit!!!

i really enjoyed your "worse half of mita" yesterday

 

[praveen taneja]

I think 4511 hault is over, we can start our journey after nice refreshment.

upward or downward

 

[mitasatyajit]

upward or downward

Southern part of india tour

 

[Sunil]

now we r again in that 3 day range (6th, 7th & 8th)..
between 4500 & 4600...

and again, like at close of 8th, 4580 spot holds the key for move ahead
(on 11th, we had this big gap up past 4580, open at 4600+)

and we have multiple supports at sub-4500 - big gap downs or very negative news can break them in one go...

today by evening, we have this SEBI meet on P-notes
tomorrow is the last trading day for the week (we would have 2 US & EU, and 1 asian closings to react to on monday)... very tentatively poised, but i guess, biased downwards or sideways....

 

[deb99891]

Southern part of india tour

very nice

 

[Sunil]

if intraday charts is seen since yesterday, there's a distinct LH, LL formation...
SPOT needs to break 4580 convincingly before LOD breaks to negate this 2 day LH, LL formation

in today's intraday chart, 4541 FUT break will negate today's HH, HL formation

so, if 4530 spot breaks + 4495 spot also breaks, get ready for bear attack .. support at 4485/75/65

 

[new2sm]

4512 is S1

 

[rishig38]

if intraday charts is seen since yesterday, there's a distinct LH, LL formation...
SPOT needs to break 4580 convincingly before LOD breaks to negate this 2 day LH, LL formation

in today's intraday chart, 4541 FUT break will negate today's HH, HL formation

so, if 4530 spot breaks + 4495 spot also breaks, get ready for bear attack .. support at 4485/75/65

Spot at 4519 now..It looka that 4495 might break as well...

 

[pkapadia]

Oil went up to $113.97 up .85% from Bloomberg current price report.
Paresh

 

[Sunil]

Spot at 4519 now..I see it breaking 4495 as well...

yes..
the prevalent-since-yesterday's LL, LH was strong enough to break today's mini HH, HL...
now LOD is the last hope for bulls