Nifty Futures Trading

[renu daga]

well shall not be on trading for tom,,

no what if u lok for short time frame....15/10min

renu
well tgts will eb smaller
but this is 100% sure simple startegy for layman

 

[Sunil]

Key FUT levels to look UP to above 4100:

4150 - R1 for today

4169 - the earlier stop for intermediate uptrend...

4200-4208 - The R2 zone for today

4216 - Gap closing level - LOD of 12/9 Friday

Intraday swing trade possible: Short at 4200-4210 band with stop above 4220
(have an eye on TBQ : TSQ at open; if TSQ is more till around 10:00, then ideally this is the first sign of profit-booking...)
Also, one can use the gap up trading rule, having an eye on the first 5 min bar...
or
(an experiment) short on break down of LOD as formed till 10:30

Above 4220, 4280 is the next major resistance level (with minor at 4250)

 

[milind]

Hangseng dropped by 600 points in first hour and as a result, SGX nifty, which was +40 is now +9. I wonder if the final hour rally yesterday is going to be shortlived.

-- Milind

 

[uasish]

Milind,

This is in our charts.

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1387.html#post219554

Asish

 

[Sunil]

bad start...

more TSQs

check out HOD of FUT

 

[uasish]

4092 is Resistance now in my charts.

 

[Sunil]

yes da, now we MON, TUES, WED HOD = 4100 (round)

 

[Sunil]

shorted below 1st 5 min bar 4070..

 

[lalpar]

long at 4061.35 SL 4047

 

[Sunil]

cvrd most at 4055