Nifty Futures Trading

[mahesh2007]

First, congrats for your pattern achieving the target.

would like to add few points -

C&H formation shows consolidation within an upward trend where weaker hands leave and stronger one's join in.
Also like H&S, breakout should be accompanied by stronger volume.

Also construct of the cup should be pretty round, pivot lows should be as if they touch(or about to touch) the cup.
There should be no bulging or sagging in it.

Though ideal and exact patterns are rare but they give lesser whipsaws.

mahesh

 

[praveen taneja]

get well soon ... Delhi is infectious .... just kidding

................ LOL

 

[Sunil]

Co-incidentally, going with the above falling wedge pattern BO level, today's pivot level is 3161 (also yest's LTP)....
NF will have to sustain above this for bullish implications.

Also, (as mentioned yesterday) we have an inside bar in EOD chart in both Spot & Fut...
ie yesterday's HOD & LOD are key breakout levels for momentum towards the direction of the breakout...

So, on upside, I'll be looking to 3163-65 / 3185 / 3263 / 3276 / 3312 / 3348-53
on downside, 3118 / 3068 / 3050

 

[uasish]

A 'Bullish Harami' on EoD chart hence would Watch 3276 & 3067 two figs.

 

[Sunil]

opens with more TSQssssssssssss

 

[Sunil]

opens with more TSQssssssssssss

after quite a while, both BIG & Mini opened with "consistent" one-sided TBQ or TSQ...
it was TSQ this time... + 5min bar broke on downside

 

[renu daga]

so we had gap up openeing ,,of 40 points ,, and i had assumed not more than 50..

good but this is alos filled up....good,,,, now should be testing for up move

stocks lt....shoudl be watched for up move

renu

 

[Sunil]

well, if we mark out yest's HOD & LOD, then they appear as a a base of a triangle (maybe symmetrical).....
this triangle BO can give an idea of the direction of inside bar BO

 

[renu daga]

todays high nee dto eb crossed ,,and give pos cloing,, which i thin will def will

renu

no bet pls
( how about if we start here betting on nifty,, not bad idea,,, asish da ,,a person of morals will stay out,,, i think czar / me/ alex...sunil....any more!!! are utmost invited.... this idea should not be banned)

 

[Sunil]

renu, aren't we already "betting" with our money...