Nifty Futures Trading

[cooltechnocrat]

What would be right time to enter shorts from this levels

 

[Sunil]

if we have a look at the levels of friday & monday, in SPOT we have
LOD: 4273 & 4281
HOD: 4369 & 4365

rounding off, we have 4270 on downside & 4370 on upside - a 100 point band.

Tomorrow, being Tuesday (which i consider as trend-reversal day of the week) may reverse the short-term downtrend by breaking past 4400 spot, or endangering the intermediate uptrend by breaking down 4250

But STRONG outer limits remain 4200 & 4450 - we need a closing on either side respectively to CONFIRM the trend-reversal.

Tuesday Maharaj ki Jai ho...
GANPATI BAPPA MORYA!!!

AISA AVSAR HAR DIN LA...!!!

 

[learn2trade08]

am i stupid....i am actually short at 4540....can anyone tell me where is the circuit filter...my stop is set st hod...
thanks

 

[Czar]

just a side note, how mkt disregards indicators when it wants to no RSI has been above 70 for such a long time and no major breakdown(not that I want one long live Rally

markets never disregards indicators, but if you read them wrong they disregard u rsi is not to be watched for overbought & overbought does'nt mean it will stop...

go nifty go...

see learned2/new2sm 90 points after indicator overbought !

 

[new2sm]

Ganpati Bappa Morya.

 

[new2sm]

thanks czar but clearly this rally is kind of forced/impulsed by external factors(crude). rsi is not for timepass and we have seen it being followed. this is ofcourse one off instance.

 

[new2sm]

am i stupid....i am actually short at 4540....can anyone tell me where is the circuit filter...my stop is set st hod...
thanks

dont worry ur short level is fine. some PB is expected. but keep tight SL.

 

[uasish]

Stop enhanced to 4518.00

 

[uasish]

Tuesday Maharaj ki Jai ho...
GANPATI BAPPA MORYA!!!

AISA AVSAR HAR DIN LA...!!!

Gr8 astrology

 

[new2sm]

we are talking same stuff. RSI is an "Indicator" so obviously it "indicates" over bought/sold and not telling us to buy/sell now.