Nifty Futures Trading

[Sunil]

short triigered...
my last trade for day...

 

[uasish]

Order executed so now left with only 25 % Short.

 

[Sunil]

if that was a "good" H&S, then textbook target = 3304
but 5min pivot support still at 3327

target achieved... cvrd half here of fresh shorts from 26

 

[Sunil]

stop raised to near cost 25... let's see what dessert i get for my lunch

 

[new2sm]

aiming for 3270

 

[Sunil]

BTW, the range for the whole day stuck to 3220 & 3400...
a rectangular pattern
bulls may see dbl bottom
bears may see dbl tops

if i run my imagination a bit wild,
if 3275 fut holds & 3400 is taken out, then that would be an inv H&S with neck around 3400....

can come handy for monday

 

[uasish]

Covered @ 3314.65

 

[uasish]

Atleast this Move down wards negates that this being a corrective for the earlier upmove,rather this is a down impulse move than correction.

 

[uasish]

Let us see where it closes,if that gives any indication.

 

[Czar]

Asishda the last 3 days buying in last 1/2 hour has not happened today...