Nifty Futures Trading

[SamFisher]

Time for fresh shorts would be at 4390...4350 will the next support level..

Inflation Numbers out... and they are not good

12.44 %

 

[rajaram.dilipkumar]

Inflation Numbers out... and they are not good

12.44 %

as usual technicals told us before

 

[nickispain]

Inspite of bad inflation ....mkt may open gap up on monday.....cavaet being US market today....overnite...commodities & bullions have crashed by 10-15%....

Disclosure..Im short...

 

[NJ:)]

markets knows something that we don't..........i think its started pricing a slowdown.............its now about crude or about indipendence day...can b higher inflation so keep finger crossed bro

hehehehe.........


regards

nj : )

 

[Sunil]

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.

BACHNA AE BEARS...
LO SUPPORT NEAR AAGAYA...!!!

To borrow from Satyajit Da's dictionary, SPOT 4370-75 seems to be the next "lunch break place" (if not snacks break)...
Intraday bounce from this level (S2) to around 4400 (S1) or more would not be unexpected.

But the key important level of this intermediate bull run is 4300 (+/- 20pts). The earlier strong resistance trendline should now provide very good support; and it's not unusual that a trendline, once broken, can be tested again. 4315 SPOT, the KING of RSR levels, is coincidentally but not surprisingly, now this TRENDLINE SUPPORT level. (CHART ATTACHED attached is sourced from world wide web, and drives this point home quite well visually)
Also, intermediate moving averages lie around this 4300 level.

Just a humble reminder to my bearish brothers/friends/co-members: Short term trend is down, but intermediate trend is still up, and its first body blow will come only when spot closes below 4300.

 

[lalpar]

Stating the week with following positions

1)Mini NIfty 1 lot long Sep Futures at 4483
2)JP ASSO 200 CALL at 2.9
3)IFCI CALL 55 at 0.6
4)Nifty 4500 Call at 75
5)NIfty 4600 CALL at 55
7)NIFTY 4700 call AT 31..

tHIS WEEK WILL BE THE DECIDER FOR bulls!!!

 

[praveen taneja]

Stating the week with following positions

1)Mini NIfty 1 lot long Sep Futures at 4483
2)JP ASSO 200 CALL at 2.9
3)IFCI CALL 55 at 0.6
4)Nifty 4500 Call at 75
5)NIfty 4600 CALL at 55
7)NIFTY 4700 call AT 31..

tHIS WEEK WILL BE THE DECIDER FOR bulls!!!

oh no I will really pray for u .U really need that god bless u

 

[lalpar]

oh no I will really pray for u .U really need that god bless u

nope..All trades were sone by me...Do not worry this week the direction will be set!!!

 

[renu daga]

rgt lalpar...

hope we dont break crucial leevls...
4196...last hope
renu

 

[lalpar]

Hi Srs,

The open interest of nifty 4500 and 4700 increased by more than 5% last trading session although nifty fell..what does thst indicate?