Nifty Futures Trading

[uasish]

Renu,

Delete few old charts,1 day it took me 1 Hr to delete all my earlier charts.

Asish

 

[uasish]

The Levels i may watch (derived from EoD):=

Res : 4252.35 / 4276.50 / 4290 / 4311.60;

Supp: 4205.20 / 4193.30 / 4179.20

 

[Sunil]

NIFTY FUTURES LEVEL FOR TODAY'S TRADING

Resistances (might act as supports, after gap up):

4242 - The Pivotal point for today

4254 - Initial sign of weekness, if this breaks after gap up.

4262 - the lower level of the ranged trade of yesterday. May provide initial support today after gap up. Initial sign of bullish week attempt next week, if can close above this. Today is also the last trading day of the week & month.

4286-90 - The upper level of the ranged trade of yesterday. R1 for today. Intraday shorting possible here, with stop above 4302. (needs to be confirmed after opening)

4302 - Psychological resistance level

4320-25 - My R2 for today. The lower level of ranged trade of wednesday. Corresponding to RSR spot 4315.


After continous fall from 4400 to 4200 in this week, some bounce back from oversold region was expected. Also, this fight between 4300-4400 (which led to 4300 loosing) also warrants a re-test of the lower level of band. So, 4300 spot is on the cards.
Its reaction after touching the level is what will decide the course for next week. As mentioned above, atleast a close above 4262 should result in a bullish attempt next week (ie a close above 4350-4400)
Attempts should be made to buy in the region of 4190-4200 (by aggressive bulls), as intermediate uptrend with HH HL pattern is still on, until 4160 breaks/closes well below 4200. (By the way, the short term downtrend is still on, with stop now at SPOT 4400, and still early in the day, but if we consider 4200 as the elusive HL for the intermediate uptrend with prev being 4160, then also the 50% ret level of 4650-4200 is around 4400 - so, conservative bulls may wait for 4400 to be broken conclusively to enter long)

today, around noon, GDP numbers are expected.

 

[smarttrader42]

Dear All,

Nifty will open with a gap today. If Nifty Fut sustains abv 4290 for 2 minutes, then go
long for a target of 4355 - 4360.

Regds,

 

[myvineet]

SGX nifty at 4290...

 

[parttimetrader]

Where can you see the SGX Nifty level live quote? Can you send the link please? I was seeing http://stquote.sgx.com/live/DT/DTFuture.asp?INFE but that doesn't seem to be it.

 

[Sunil]

Asish da,
one confusion i have -
i have decided to take nifty futures chart analysis to along with spot (as u know me, since beginning i was only with spot - as i dont have any chartical software, I had to rely on intraday (5min) charts available on net, and generally I found only spot charts; just few weeks back, a co-member of this thread was kind enough to give me a link of a website which had futures intraday charts too)

Now, yesterday while I was analysing that chart, i found that it showed only Aug series, whereas now i'll be needing the previous day charts of Sept series - i m sure there wont be much difference in the two series' levels, but still....
I wanted to confirm with you about your (or any chartical software) - do they show a separate chart for sept series (last 5-10 days), or do they just continue from where Aug ended yesterday.
I did not face this situation with spot charts for obvious reasons, but how do i handle fut charts???

You may reply at any convenient time, after EOD...
(i would also appreciate any old hand's views on this)

 

[Sunil]

Booked half at 4300

 

[Sunil]

asish da,
this is much better than last hour of expiry
90 points in 1min only

)

what say..

 

[Sunil]

satyajit da, here's that invisible 4230 on spot as recorded LOD...
just to show u one last example