Nifty Futures Trading

[rishig38]

Too many info is not going to help much,better to follow the one at hand.

This Up is positively a b/o ,now to observe whether the correction crosses the healthy limit,if not then wait for another up move.

What is the healthy correction limit? Maybe we can use that to enter our longs again with a strict SL?

 

[uasish]

Stop now brought upto 4411.95 ( if we remember the chart's Level is 4412.10 ,which was posted earlier)

 

[uasish]

rshig38,

Many relate this correction to Fib Levels to determine it's Limit,but i always study the chart's past Impulse & correction & mentally keep in mind the permissable Price zone & that will vary as per the comfort Time Frame.

Asish

 

[uasish]

If we see the on going 1 min chart ,as if there is a hurry to get the correction over (forming some type of pattern) so as to quickly surpass the High.

 

[new2sm]

nice HH,HL formation so train chalu hi hone wali hai

 

[uasish]

Nifty major constituents ,ONGC / SBI / Infy / ICICI Bk ,no sign of Fatigue.

Broken High .

 

[new2sm]

4415 is Nifty Resistance so Nifty also needs to break for next leg

 

[learn2trade08]

just to update my positions...Pleae correct me and guide if i am wrong!

thanks in advance

 

[uasish]

Stop brought up to the base of the earlier correction point in the b/o .

@ 4416.60

 

[uasish]

Learn2trade08,

If you are asking me,then your Level is OK ,as per your comfort zone.

Asish