Nifty Futures Trading

[orderflow13]

clsa cut 17% profit target of infy .. infy down now 5.7%

 

[uasish]

Covered 25 % @ 4290.50

 

[uasish]

Stop brought down to Short's Entry @ 4307.00

 

[uasish]

Covered @ 4296.00

 

[uasish]

As Low now is 4286.10 (yesterday's Low was 4286.60)hence not sure whether keeping short above that would be better or not hence cutting positions but will enter below 4286.00 again.

 

[xtalk]

i'm stil short with SL @4325

 

[rishig38]

As Low now is 4286.10 (yesterday's Low was 4286.60)hence not sure whether keeping short above that would be better or not hence cutting positions but will enter below 4286.00 again.

Long at 4295 with a SL of 4286...

 

[learn2trade08]

sunil...right on dot?
thanks

Key FUT levels for today's trading:

4321 is the Pivotal level for today.

SUPPORTS:
4284 / 4276 / 4260 / 4240
S1 = 4270
S2 = 4236

Spot's LOD of yesterday was 4273 - exactly at the critical support
Fut just managed to scarp through with 4287 yesterday.

Till 4200 breaks, I'll be a buyer at dips, as even conditions are getting over-sold. One way down from 4500+ levels without any significant local negative news (infact, the NSG euphoria has been totally used to short near 100DMA) warrants a pullback to atleast 4400 level (if not today). Lets' see.

RESISTANCES: 4327-33 / 4358 / 4379 / 4398
R1 = 4355
R2 = 4406
SPOT 4382 / FUT 4398 will close the gap down of yesterday on EOD charts

So, we have the range of 4270 & 4330 as B/O levels on either side, with 4250 & 4350 being the outer key limits for confirmation.
Let's see if early trade can break this range or a wait till IIP nos. will be required

 

[uasish]

Stop Sell order of 4285.95 (as per plan posted earlier),now covering 50 % @ 4258.00

 

[uasish]

Stop brought to almost Short's Entry @ 4286.05