Nifty Futures Trading

Status
Not open for further replies.
"INSIDE DAY" BAR BREAKOUT

http://www.traderji.com/derivatives...trading-part-2-positional-179.html#post224633

All the key levels remain same because of "inside day" bar pattern of yesterday... ie yesterday, nifty ranged between high & low of tuesday.

(going from higher level to lower level)

4300/4311 - R3, 50DMA
4282-86 - strong resistance as in 60 min
4258-67 - 4267 is 20DMA & also R2
4244
4227-29 - HOD of yesterday, BO level of Inside bar, R1=4225
4196-4210 - 20HSMA, if we have pennant or flag pattern in 60 min, then likely BO point of that pattern...

4184 = pivot

4163
4150-4140-4130 - LODs, S1, 50HSMA,
4100 - Also S2
4072
4050 - Also S3


One can make out from the tightly packed levels from 4100-4300 that a breakout is not only imminent but also required...:D

RSI levels as in:
60 min - 48
5 min - 70

Ideally, this means a drift down at open, ranged for sometime (maybe flirting with LODs) and completing flag/pennant, and then let's see...BO :eek:

Personally, I would be considering buying on dips in bits till 4100 is held, using small quantity...

Dear Friends:
The possible failure of of Paulson's bailout has brough the BEAR at 4140.
Looks like the BULLS cannot get today's (25th.) Settlement above 4200.
If 4070 is punctured will the BEARS get their target of sub-4100 ?
Take Care !!!
j.
 
"INSIDE DAY" BAR BREAKOUT

http://www.traderji.com/derivatives...trading-part-2-positional-179.html#post224633

All the key levels remain same because of "inside day" bar pattern of yesterday... ie yesterday, nifty ranged between high & low of tuesday.

(going from higher level to lower level)

4300/4311 - R3, 50DMA
4282-86 - strong resistance as in 60 min
4258-67 - 4267 is 20DMA & also R2
4244
4227-29 - HOD of yesterday, BO level of Inside bar, R1=4225
4196-4210 - 20HSMA, if we have pennant or flag pattern in 60 min, then likely BO point of that pattern...

4184 = pivot

4163
4150-4140-4130 - LODs, S1, 50HSMA,
4100 - Also S2
4072
4050 - Also S3


One can make out from the tightly packed levels from 4100-4300 that a breakout is not only imminent but also required...:D

RSI levels as in:
60 min - 48
5 min - 70

Ideally, this means a drift down at open, ranged for sometime (maybe flirting with LODs) and completing flag/pennant, and then let's see...BO :eek:

Personally, I would be considering buying on dips in bits till 4100 is held, using small quantity...

Dear Friends:
The possible failure of of Paulson's bailout has brough the BEAR at 4140.
Looks like the BULLS cannot get today's (25th.) Settlement above 4200.
If 4070 is punctured will the BEARS get their target of sub-4000 ?
Take Care !!!
j.
 

orderflow13

Well-Known Member
Dear Friends:
The possible failure of of Paulson's bailout has brough the BEAR at 4140.
Looks like the BULLS cannot get today's (25th.) Settlement above 4200.
If 4070 is punctured will the BEARS get their target of sub-4000 ?
Take Care !!!
j.
dont look too much in the future .. breaking news .. we havent yet devised the time machine ...:D. at that time any b/o will tell us wt to do bear / bull they always dance around since century :)
 
Status
Not open for further replies.

Similar threads