Nifty Futures Trading

[Sunil]

booked out most at 70
was sitting with this fishing rod since 3108...

RSI 1min = 70+

 

[uasish]

In these kind of Range situation ,people us Bands ,which normally tightens & one can get the benifit of early entry incase of break on any side.
I prefer studying volume more in these conditions,if it rises with less volume & falls with larger volume,quite contrary to general analysis ,means sellers are less at rise & buyers more in dips.

Here VSA concept hepls,Karthik is having a good thread on that.

 

[uasish]

So again 3185.20 came into play.

 

[Czar]

A silent TL is creeping up & 5 min HH HL formation , bought at 3133 stop 3122

booked half at 87

 

[uasish]

As it has broken out from consolidation hence 3185.20 will be left behind in rise let us see .

 

[Sunil]

http://www.traderji.com/technical-a...ifty-futures-trading-thread-8.html#post222452

grateful to Saint sir, who encouraged me to learn about chartical patterns...
third time, this came in handy

 

[Sunil]

out bal at 3200...

 

[Sunil]

sensex from brink of 10K - now at 10250+

 

[uasish]

main villain for bulls will be that 3167...
will need good volume-breakout to beat that

Very rightly anticipated & the volume was infact more,now let us see.

 

[Sunil]

Da, now i m interested in sensex futures...



i was really ready with my kerchief if it had fallen below (actually "dropped" below) 10K