Nifty Futures Trading

[Sunil]

50% ret of SPOT 4300 - 3715 = around 4000

in case of FUT, 3773-4325 = 4050

 

[Sunil]

tomorrow is market holiday; i have no idea about when, but inflation data will be out + US solution package may be out,before friday opening

expecting a ranged trade between 3900 & 4000 (if either level is held in early hours)

 

[Sunil]

opened with more TSQs!!!

 

[Czar]

Seems NF has gone in discount mode...

 

[Sunil]

touchwood, but this setup is very handy...

at open, see what is sustaining more, TBQs or TSQs for first 2-3 minutes...
then, one gets an initial idea at what point will the first 5 min will break - up or down

if there are more TBQs, then try to buy near lower level, expecting the 5min bar to break on upside (your stop is known & near)

likewise, if TSQs are more, then short near higher level of initial band, expecting 5 min bar to break down....

book partly, and trail for rest



PS: posting this in Asish Da's setup (our library) thread

 

[Sunil]

that was for the OPEN TRADE....9:55-10:00

same thing, when market reopens after outage 11:25-11:30 - same strategy for OPENINGS!!!

but i have noticed, that usually, after re-opening, see in what direction it opens with a spurt... initiate in that direction (it sustains quite a distance) for scalp or trail or combien both, as per your comfy

 

[rajaram.dilipkumar]

that was for the OPEN TRADE....9:55-10:00

same thing, when market reopens after outage 11:25-11:30 - same strategy for OPENINGS!!!

but i have noticed, that usually, after re-opening, see in what direction it opens with a spurt... initiate in that direction (it sustains quite a distance) for scalp or trail or combien both, as per your comfy

yes sunil it really helps in gap trading ..... guys any problems with terminals today rkg is not working

 

[Sunil]

area near 3850 SPOT / FUT to be watched for support
FUT precisely 3855 - 3848

 

[devangan123]

Shorted nifty @ 3880with stop of 3884 of double qty

 

[Sunil]

trailing stop of this intraday LH LL as per both 1 min & 5 min = 3887