Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Once again,a great post from Ashish..

Saint

Thanks for the encouragement Saint!

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

IMHO, it's at 5368 on daily.

Thank you i was thinking point 1 in the attach chart is the pivot


Regards

Satya

 

[nareshch]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you i was thinking point 1 in the attach chart is the pivot


Regards

Satya

I dont think we have to wait till 5368 .Draw a trend line from 1st pivot (1st pivot 5550 and second pivot 5368 , You will get a trendline break above 5250 approx which is a signal to long . If it started reatrcing from the trend line its the best place to short also

Naresh

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you naresh

Regards
Satya

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Thank you i was thinking point 1 in the attach chart is the pivot


Regards

Satya

Hi Satya!

That is no doubt a pivot but a lower low pivot. An Uptrend will be confirmed only when it breached the Higher Low Pivot,i.e., 5368.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

I dont think we have to wait till 5368 .Draw a trend line from 1st pivot (1st pivot 5550 and second pivot 5368 , You will get a trendline break above 5250 approx which is a signal to long . If it started reatrcing from the trend line its the best place to short also

Naresh

That depends upon the methodology we follow. If we follow a pivot based trading system, we need to wait till that point. Based upon Trendlines, 4630 was a buying opportunity. Even today sensex pulled up from its monthly support trendline at ~16240 only.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Pennant BreakDown in NIFTY Future 5 Min.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty Fut 10 mins with Support & Resistance for coming couple of Days.

Today Nifty Fut got Resisted at that Level.( Post dated 7th eve)

 

[nareshch]

Re: Time to Stick my Neck Out ,Nifty 7300

A good Gapdown is expected ( SGX Nifty at 4680 )

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Long above the high of first 5-min bar.