Nifty Futures Trading

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i am long on nifty @ 4445.........

crude may finally touch 110 $......

market is showing great amount of strength......

wats ur view sunil da........



regards

nj : )
 
C

Czar

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For me this is safe long zone, cause we are basically oversold (not that its a buy as it can remain oversold), I consider this a safe long as even if we break down a pull back takes care of my buys, but this is a positional trade & not a buy advice as my risk appetite is bigger....

I guess we may have a jerk some where in the day to the lows or even break them...

the last thing I can think of is a possible test of the falling trendline from the top which we have broken thru, it lies around 4250 (spot) approx.
 

Sunil

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nagendra,
just keep this thing too in mind...
if u r going long (for eg.) using TBQ>TSQ & RSI, then try to enter at/near lower support level.. that way you can keep a comfortable risk/stop level...
in today's chart, at around 10:15, there were two such levels 4370 & 4365...

TBQs, if just seen in solitude, does not mean but order at the current level, but it also includes orders for lower levels...
the current TBQ u r seeing includes my 10 lots of order at 4315 (unexecuted) ;-)
 

Sunil

Well-Known Member
the last thing I can think of is a possible test of the falling trendline from the top which we have broken thru, it lies around 4250 (spot) approx.
4250 !!!

czar, please confirm this again....
i found this TL support to be around 4325, which even renu agreed...

satyajit da, kindly confirm this TL (from Jan highs) support, too.....
 
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