Nifty Futures Trading

[Sunil]

renu, it's not the norm but even i have seen that after a big gap up (with continued global strength), nifty first drifts down with sort of LL LH pattern & picks up later...
it's a bit dicey, that's why small qty
key is your entry level

FOR INTRADAY ONLY

(same can be applied after a big gap down with obviously mini HH HL)

 

[Czar]

remembering czar's one advice:
after a big gap up, it makes 2/3 small LL LH, & then moves up...

am being tempted to go long here at spot 4500 with stop below 4480 (small qty)

True Sunil, you dont forget anything Its kindoff a consolidation phase where the MAs & Macd cross try to reduce the yawning gap between them...

 

[renu daga]

i got confused by 2/3,,thought its 2..3rd...


thnks

renu

 

[S S]

I hold a view to the contrary, and have fixed the target for Spot Nifty as 4450 for today. So, still holding the 50% shorts. For 50%, the profit was booked at 4523.

SS

 

[Sunil]

after 2 or 3 LL LH waves...
i think 3rd is on...
am already long from 22 FUT

 

[Sunil]

booked part at 36

 

[renu daga]

well sunil
getting confused ind ,,showing slowing down to south but price not breaking 22!!
should be long / short

renu

 

[Sunil]

well renu, i did not get ur question...
i just believe on round figure spot / fut levels for supports/resis...

FUT 4522 corresponded with spot 4500 i was waiting for..

(by the way, i dont think so much draw down is expected.. max spot 4480 / fut 4500)

 

[Sunil]

new2, if u r here, please post your R3 level

 

[new2sm]

new2, if u r here, please post your R3 level

It is 4504.9