Nifty Futures Trading

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orderflow13

Well-Known Member
Hi,

Couple of observations on levels today.

- Today's PP, S1, S2 levels worked as expected. (solid lines in chart attached)
- I am also checking out Market Profile indicator available on Amibroker. I have noticed that congestion areas usually correspond to the peaks in market profile in previous couple of days. (dotted lines in chart attached)

-- Milind
plz keep posting ur results milind, i thought this indicator is only with trade station
 

columbus

Well-Known Member
It appears the zone 4000~3900 is a strong zone,the chances of bounce back are more and 25SEP is NIFTY FUTURE exipiry date,TRADE CAUTIOUSLY.
 
Hi,

Couple of observations on levels today.

- Today's PP, S1, S2 levels worked as expected. (solid lines in chart attached)
- I am also checking out Market Profile indicator available on Amibroker. I have noticed that congestion areas usually correspond to the peaks in market profile in previous couple of days. (dotted lines in chart attached)

-- Milind
Dear Mr. Milind:
What are the values of PP, S1,S2 ?
Thanks,
j.
 

Sunil

Well-Known Member
NIFTY KEY FUTURE LEVELS FOR TODAY'S TRADING:

SUPPORTS:

4134

4098 - 4104 -
  • Prev. Triple top resistance area-now ideally should provide support
  • 50HSMA support
  • S1 for today

4072 - Gap fills here ...

S2 = 4062, then 4050 should be the last hope for bulls ahead of expiry, also 50% ret of spot 3800-4300 = 4050


RESISTANCES:

4156

4179 - Pivot level for today=4173. remains weak below this level.

4197 - 4201

4220 - double top formed in 60 min yesterday
strength only above this level. Also 20HSMA resistance. Also R1 for today (4214)

Above 4220,
4244 (HOD),
4258-67 (20DMA=4276)

4282-86 - triple top yest in hourly chart, Also R2 for today


RSI levels as per:
5 min = 31
60 min = 25

Ideally, not much downside should be seen today.
 
NF has 4184 as a strong resistance.Shorted 4179 SL 4190
 
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