Nifty Futures Trading

[new2sm]

S2 is 4247.58. I think reaching it shud not be a problem only now that the mkt is oversold, so some bounceback will come.

 

[renu daga]

tisco long at 82

renu

 

[learn2trade08]

renuji,
did u mean long at 85 or short at 85...please confirm whether your stop loss is the filling of gap from 28th or filling of todays gap?
sorry too many questions
all the best!

exactly,,,
long at 85..and as oon a sit goes down to fill the gap....shall reverse!!
renu

 

[myvineet]

its looks like inv h & s in 1 min.....it will confirm on passing 4293

 

[renu daga]

no stop loss is not filling the gap...
i told long at 85...and stop was 78/75,,whcih fi broken,,,then shall reverse ,that is short

though i odnt find trend confirminh until crossing 94..

sold at 92

and holding tisco..
renu

 

[renu daga]

todays band are is 4320 which if crossed then pos can be safe

renu

 

[learn2trade08]

thanks renuji for taking time on market hours!
all the best!

no stop loss is not filling the gap...
i told long at 85...and stop was 78/75,,whcih fi broken,,,then shall reverse ,that is short

though i odnt find trend confirminh until crossing 94..

sold at 92

and holding tisco..
renu

 

[Sunil]

i m not sure if EU is also closed today, but FUTs are more than 0.5% down..

DOw -24

(as of now)

 

[learn2trade08]

I am waiting for the 65-67 band,if we get there that is....looks like a good oppurtunity for shorting...Your thoughts please!
all the best!

i m not sure if EU is also closed today, but FUTs are more than 0.5% down..

DOw -24

(as of now)

 

[Sunil]

I am waiting for the 65-67 band,if we get there that is....looks like a good oppurtunity for shorting...Your thoughts please!
all the best!

well, u know there are two types of traders (in broad parameters):

1. who sell at/near resistances & buy at/near supports
2. who sell on break of supports & buy on break of resistances

time has made my mind more tuned towards the 1st type of trading

so, if wanna short, i would short here at spot 4300 with stop 4315+