Nifty Futures Trading

[uasish]

So the 1st 5 mins bars High is surpassed ,

we have 3185.60 lower than us now,

we want to see whether 3224.65 is achvd or 3185.60 provides support or not.

 

[Sunil]

it met with resistance near its last low as per EO chart 3216
with 1 min RSI nearly at 80!!!

 

[uasish]

So it could not reach upto 3224.65 (but went upto 3219.00 ) uptil now but again going down to test 3185.00 .

 

[rajaram.dilipkumar]

thanks to sunils tbq/tsq entaring cash positive on a week when the nifty has moved 150-200 pts each day .... and on a week when even my great grand mother would have made money in trading. Shame for me who trades for a living.Also goes to show how some of our fanciful indicators went for a toss when such a simple method worked.

 

[Sunil]

cvrd most at 3185 (right da)
trailing stop for rest 3201+

 

[uasish]

So 3185.00 is halting the slide downwards by few mins still now.

 

[uasish]

thanks to sunils tbq/tsq entaring cash positive on a week when the nifty has moved 150-200 pts each day .... and on a week when even my great grand mother would have made money in trading. Shame for me who trades for a living.Also goes to show how some of our fanciful indicators went for a toss when such a simple method worked.

This is what i have learnt donating handsomely from Mkt.

 

[Sunil]

thanks to sunils tbq/tsq entaring cash positive on a week when the nifty has moved 150-200 pts each day .... and on a week when even my great grand mother would have made money in trading. Shame for me who trades for a living.Also goes to show how some of our fanciful indicators went for a toss when such a simple method worked.

i had entered long initially at open with more TBQs....
but when i saw 1 min RSI nearing 80, i booked out in longs...at 3200...

it did not stop there, and even crossed 3210...
Da's figure tallied with 3216 possible resis.... i shorted there, with RSi still 75-80

 

[uasish]

So Mkt did halt the down slide by another few mins also with few points gain from 3185.00 uptil now.

 

[Sunil]

now it retraced when RSI touched 50...
but with more TBQs prevalent, and till this HH HL is apparent, most trades will be sort of buy on dips