Nifty Futures Trading

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uasish

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Many of us here go with Traditional TA,hence my 2 bit for Nifty EoD (after seeing the Right side :))

On the 1st pane is an indicator (based on RSI),which shows the Ensuing change to happen,(here +1 is Bearish & -1 is Bullish)to come in Future.

On the 2nd pane is an indicator ,which shows a Price from where the Bear's may become active.

On the 3rd Pane is an indicator ,which shows probable Price Levels for Future.

Traditional TA works 50 % of the time :D.
 

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Sunil

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B I N G O!!!
not to expect ONLY one side direction till expiry..
i'll make sure that grey clouds only result in "rainfall" for us
Well my plan of action is to make any one free, then worry about the other, so if we drop say 100 points from here I will sell the put & thus have free calls, as I am expecting some more rally but this will secure my investment, on the other hand if markets shoots I have more quantity (1put = 2.5 calls) of the cheaper 4800 calls which will more than secure the puts, though I want moeny on both, greedy, so let the markets rally to 5k & crash to 4.5k within this month :D:D:D, the only thing i am scared of is 4600 as its grey area...
czar, satyajit da,
renu's "shraap" has got us... look what US did yesterday intraday...
the "grey area" of 4500-4600 for our options is still there

so, i guess S1 & S2 comes into picture today (and maybe pivot too!!!!!!!)
 
Many of us here go with Traditional TA,hence my 2 bit for Nifty EoD (after seeing the Right side :))

On the 1st pane is an indicator (based on RSI),which shows the Ensuing change to happen,(here +1 is Bearish & -1 is Bullish)to come in Future.

On the 2nd pane is an indicator ,which shows a Price from where the Bear's may become active.

On the 3rd Pane is an indicator ,which shows probable Price Levels for Future.

Traditional TA works 50 % of the time :D.
Mkt turning down from a very important resistance level. It is also a rising wedge and the breakdown has a target 4250-4200 (largest part of triangle subtracted from breakdown level.) We will observe the average volume in this downmove to get the clue of next mkt move.

Smart_trade
 

Sunil

Well-Known Member
let's have a look of recent day lows on LL basis:

SPOT: 4497 - 4464 - 4376 - 4363
FUT: 4505 - 4470 - 4370 - 4362


Now, as pointed out today morning about the multiple layers of supports at sub 4500 level ie 4495-85-75-65...
Global conditions, as of now, indicate that these will be broken by gap down open.
Initial look out for support at spot 4465 (S2) & 4450.

Next important key supports lie in SPOT 4375-4370 region. Short term moving averages are also in this region. 50% retracement support of 4150-4650 rise lies at 4400.
I would be looking for going longs at these levels for intraday reversal.
Depending on global conditions in morning, a positional Call option with stop of below spot 4315 (the KING of RSR levels) can be taken.

Let's see the conditions prevalent in the morning... for confirming the intraday swing trades.

Big or small, gap down is for sure... that mean, the LH, LL formation since Tuesday would remain intact when yesterday's LOD breaks.
Now, I just noticed that, in this LL, LH setup, the average difference between the two LL is around 25 points, so SPOT can open around/take support from 4475 level
This is one of the key sub-4500 supports, but it's in a grey zone between S1 & S2..

The key SPOT levels are:

SUPPORTS:

(loads of support in sub-4500 area)
4495 - yesterday's LOD and S1 for today.
4485
4475 - likely opening level (4475-4485)
4465 - not just S2, but also the last low of the three day consolidation in range of 4500-4600
4450

Global conditions, as of now, suggest that these levels may hold atleast till 12pm, and from there, EU, HS and long wekend factor will decide weakness or strength of these levels.

RESISTANCES:
4540 - the Pivotal level for today, in yesterday's last hour rally, it met resistance in this area
4575 - the level for bulls to look out for to break this three day LL, LH setup. Similiarly, fresh shorts created today in 4500-4540-4560 levels will have to keep this as STOP. Also, R1 for today.
4600 - this will be a mere psychological resistance level, once this LL LH setup is broken past 4575. R2 for today

So, we have two possible intraday swing trades for today:
1. Buy at Spot 4475/85 level with SL below 4465
2. Short at Spot 4535/40 with SL above 4575... (this is dicey, try to split trade in two parts - one entry near 4540 and one entry near 4560 (in short, if you want less risk, try to enter near the SL - obviously, one never knows at 4540, whether it will go upto 4560 - will have to look out for other clues like TBQs, etc)
 
czar, satyajit da,
renu's "shraap" has got us... look what US did yesterday intraday...
the "grey area" of 4500-4600 for our options is still there

so, i guess S1 & S2 comes into picture today (and maybe pivot too!!!!!!!)
one thing more u forgot to write friend which is sgx nifty -63 at 4500 lets hope for good session for all of us who are on puts only I m Loving it:D:D
 

renu daga

Well-Known Member
well one thing that so far our long stop in nifty fut is 4170,,,and belwo this,,, roughly we can take 4200,,which is alos 50 correction..and if that i sbroken again retest of lower leevls is sure]
and according to satya jit das trend line alos 4195 is ,,august ,,, motion

renu
 
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