Nifty Futures Trading

[mahesh2007]

time to cover long 4353 at 4372.

 

[Sunil]

As the Correction was upto a Healthy Level,so once again the Analogy of Impulse Wave is geting upper hand.

Breaking 4377.50 & staying above is good for a Reversal signal of the Downtrend.

it seems we both want corresponding level;
FUT 4378+ / SPOT 4364+

 

[uasish]

More 4377.20 is giving Resistance more would be the possibility of a b/o above that.

 

[mksingh255]

More 4377.20 is giving Resistance more would be the possibility of a b/o above that.

Thanks Uasish sir. Nifty is showing weakness now. You are correct 4377.2 is the resistense for today.

Regards,
MK Singh

 

[columbus]

unable to penetrate 4375 convincingly now...........

 

[rishig38]

Thanks Uasish. Nifty is showing weakness now. You are correct 4377.2 is the resistense for today.

Regards,
MK Singh

How is Nifty showing weakness..what uashish meant was that if 4377 is testing many times, there are more chances that there will be a break out above 4377...could possibly go to 4400 as well...

 

[Sunil]

nifty heavies r makin new highs

 

[Sunil]

it seems we both want corresponding level;
FUT 4378+ / SPOT 4364+

agonisingly close

 

[mahesh2007]

scalping short at 4374.

 

[Czar]

agonisingly close

not so, you are being demonstrated how a weekly doji or hammer is forcibly made