Nifty Futures Trading

[nareshch]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty fut is resting on the sloping channel . by seeing the global cues and Dow fut , the probablity of breaking this channel is very high . There are some weak supports but My bet is that nifty will be touching Jan Lows very soon .I squared all my shorts here as i have other engagenments tomorrow . But taking some puts .. well , by the time i compose this ,the channel broke .

Happy Trading ( Better say happy Intraday trading at least for some days )

Naresh

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Will book partial profit if high of this 5-min bar,i.e., 4575 is violated by next bar. NIFTY underlying is at a downsloping small TL on Daily Chart.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty fut is resting on the sloping channel . by seeing the global cues and Dow fut , the probablity of breaking this channel is very high . There are some weak supports of 4630 and 4580 but My bet is that nifty will be touching Jan Lows very soon .I squared all my shorts here as i have other engagenments tomorrow . But taking some puts .. well , by the time i compose this ,the channel broke .

Happy Trading ( Better say happy Intraday trading at least for some days )

Naresh

Thanks for posting the chart. It's the same TL I have talked about in my previous post.

 

[nareshch]

Re: Time to Stick my Neck Out ,Nifty 7300

Wish anybody knew. May have a bounce around 4550-60.

For Intraday ?

Naresh

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

For Intraday ?

Naresh

Well! That is an important Fib Point on NIFTY SPOT on Daily Chart. Hence It may act as support Intraday.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Partial Exit at 4575.

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

May be it's time to say Bye-Bye to buy on Dips. Ofcourse, nothing conclusive as of yet.

What happens after we hit zero??

Maybe SEBI would start a -ve index. My target would be -25k for the index & -250 for RNRL

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

The hourly bar is making a long leg key reversal bar. If high of that bar is taken out, I will go home empty handed.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

What happens after we hit zero??

Maybe SEBI would start a -ve index. My target would be -25k for the index & -250 for RNRL

Lol! Then I will buy everything from you. Game for Off-Market trade?

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

i sqaured off all my positions at 4590, planning to take one more short now