Nifty Futures Trading

[Sunil]

Volume in NF and volume of posting - both are low. Why ???

volume in posting is low coz volume in NF is low (tight trading range)

volume in NF is low, coz volume in posting is low (no trading idea)

 

[Sunil]

I give full marks to bears for doing their classwork very well now, (though they took a bit long to complete their assignment)...

 

[Sunil]

Now time for Bulls' classwork ie 4355 FUT (r1)

 

[mitasatyajit]

Now time for Bulls' classwork ie 4355 FUT (r1)

It's Ashisda's 4355.

 

[mitasatyajit]

Next one is ur chowkidar 4315 (spot).

 

[Sunil]

It's Ashisda's 4355.

na na, Da's GREAT RSR is 4455

 

[Sunil]

Classwork for Bulls today:

1. Not to test (taste) below 4305/4300 (PIVOT) today. They will not be able to "bear" the taste

2. Try to open above 4355 FUT (R1 for today) and sustain above it. 4355 is also 50% ret. level of 4455-4252. Obviously, this will only solve 50% of their problems (intermediate uptrend)

3. Thus, any dips to 4350-4330 can be used to enter intraday longs.

4. The short term downtrend with LL LH is still on with stop now at SPOT 4435 / FUT 4455 (Wed's HOD).
So, the last-hour exam for the bulls would be to take out this level, or atleast reclaim 4400 by closing above this - KEY for intermediate uptrend


Classwork for Bears today:

1. Make the bulls dance near SPOT 4390 (R2 for today), as 4400 will be a tough psychological level to break easily.

2. A reasonable swing trade on short side would be shorting near SPOT 4435 with stop above 4450 spot.
Today, it is possible that the ball will be today in Asish da' RSR 4455 FUT. Let's see if it can take 5 wickets in this 5 day test match (ie prove lucky for intraday trades for 5th consecutive time in this fight between 4300 & 4400)

Ball is still near the net of tennis court 4315-4455

 

[Sunil]

booked most of scalping longs at 4371

 

[renu daga]

nce trading , moving zone ,, long at 70 exit at 80.

simple strategy.
nifty stil holding the neck line for intra,,and as mentioned close...should be above 75

renu

 

[Sunil]

attempting dbl bottom at 58,
73 needs to break for this though