Nifty Futures Trading

[Sunil]

deja vu of yesterday...

now a double top + double bottom in spot
nearly triple top + triple bottom in fut

 

[Sunil]

small qty
long from 4415 stop 4405

 

[rajfal]

Seems like Pidilite Industries (makers of FAVICOL) has bonded with NSE to reduce the volatility of Nifty.

Arre bhai..........if Nifty stays this way, we all will have to find a new profession !!

 

[uasish]

Sunil has rightly pointed out the multiple Tops of Nifty Fut,actually in 1 min there are 4 Tops ALL in the vicinity of 4422 to 4423 ,may be for Pattern Trader's an inv H & S ,however my Buy Stop = 4423.05 .

 

[uasish]

Executed Stop = 4419.95

 

[uasish]

Exiting 50 % @ 4436.00

 

[Sunil]

small qty
long from 4415 stop 4405

wow, it took out HOD, intraday mutiple tops, intraday LL LH...
all in one move

booked most at 35

 

[uasish]

Exited 25 % @ 4433

 

[uasish]

Is holding the balance 25 % with 4 point Stop.

 

[uasish]

This is how Intraday b/o s happen,breaking a strong Resistance point,now whether this is Fake or not ONLY volume will give the cue.