Nifty Futures Trading

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news only follows technicals.... we were all surprised when the market fell in jan but see what followed inflation,bad iip,govt. instability,crude price,bad corporate numbers etc....and pls also note GDP numbers have no bearing on market performance ...remember china is growing at 10+ % but still the market has crashed from 6300 to 2400 more than 60%.Also this thread is for TA not for FA views .. a few posts here and there is okay but lets not get carried away by fundamentals which has always followed technicals...
 
Dear Friends,

Looking to the movement of Nifty Fut for the last 3/4 days, I feel there are no fresh buyers and at the same time no fresh short sellers also. The Nifty Fut has support around 4389 - 4402 levels. Todays movment confirms this. Moreorless all bad
news about Inflaion, Rate Hike, Slow Down is facotred in the markets. FIIs few
years back were positive on Indian mkts when they say growth rate of India near
5 - 6 % and now even if Indian mkts gvs growth rate of 7 -8.5% there should be no
reason for bearish on mkts, I feel one can buy for one year forward for decent
returns.

Regds,
Vipin Bhandari
If there is any technical reason of your statements, please explain it here.

Regards.
 

renu daga

Well-Known Member
no dada...and no sunil,, no ways,,,

these all are petty jokes,, since we know each other onn net atleast..!!

i am not that narrowminded...and not that harsh...
i nevr take naything so seriuosly..!! be realaxed,,,just to put u all in tension,,,so that u dont trade properly!!!!

hahha

renu
it was just joke in common,,,so,,,
 
no dada...and no sunil,, no ways,,,

these all are petty jokes,, since we know each other onn net atleast..!!

i am not that narrowminded...and not that harsh...
i nevr take naything so seriuosly..!! be realaxed,,,just to put u all in tension,,,so that u dont trade properly!!!!

hahha

renu
it was just joke in common,,,so,,,
Sorry sister Renu

You could not put me in tension in trading. Because u know I had nothing to do except to watch the DT line. Most probably you have noticed that, I started to watch chart in the point of view of Elliot wave so that some tension can be generated inside me. The problem of positional trading is, there is no tension in intraday fluctuation, only to relax and enjoy. When you will start positional trade, u will understand my pain. For the time being, please pray to god, so that I can also have tension inside me during market hours.

With love.

Regards.

Satyajit


P.S. - Actually my broker is in tension, as he cannot take brokerage from me.
 
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Sunil

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

SPOT: 4376 - 4363
FUT: 4370 - 4362

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.
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.
T G I T (Thank God, It's Tuesday)

The failure of the intermediate bull run from 3800, with HH HL formation, will be confirmed once its previous HL of 4160 breaks (and also nearly, when SPOT closes below 4200). Until that happens. one can expect a new HL anywhere above 4160.

Today, the expected support levels are SPOT 4375/70 - 4365 - 4350.
Below 4350, the STRONG downward sloping TL support comes into picture. Because this is a downward sloping line, i think the concerned SUPPORT level is reduced by around 10-12 points everyday.
The website charts are not that accurate, but I think that level for today is around 4325. I would request someone to kindly confirm this level.

Speaking of probability, this TL support should hold out and provide the new HL for this interemdiate bull run. After all, this TL was a strong resistance since Jan 08, and was tested many times unsuccessfully by bulls; so, after break of this TL, a mere test (or taste) is required to resume upward movement. I will be looking to cover my balance PUT/shorts in this 4350-4325 range, and buy calls (small qty) with SL below TL support. A reasonable stop can also be the 50DMA which is around 4300
 
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no dada...and no sunil,, no ways,,,

these all are petty jokes,, since we know each other onn net atleast..!!

i am not that narrowminded...and not that harsh...
i nevr take naything so seriuosly..!! be realaxed,,,just to put u all in tension,,,so that u dont trade properly!!!!

hahha

renu
it was just joke in common,,,so,,,
till joke it is ok but take the trade seriously bcoz v all watch u genious ppl with curosity if u do joke on that too mam then only god can help us:D:D:D
 

renu daga

Well-Known Member
if we take the ret,,from last lows whihc is the ideal..not required to atke from the last raly starting point
so we assume to atke form 4165..fut,,hence last hope for longs is excatly 4345 in nifty fut...were longs can be comp shed,,,for once and all,,
and shorts can be partailly covered,,,and if it goes down, we canstay for further shorts
the momentum hs to be seen,,
as per trend lien supports whihc is coming form up..we ahve exctaly say4325

renu
 
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