Nifty Futures Trading

[new2sm]

2933 back in picture. even if it closes around it. it is a good. Looking to touch 2960

 

[rishig38]

2933 back in picture. even if it closes around it. it is a good. Looking to touch 2960

new2m, do you mean its good for shorts or good for longs?

 

[new2sm]

new2m, do you mean its good for shorts or good for longs?

I am expecting last min. short covering to go till 2950-60 levels. Since mkts are over sold on daily basis, am expecting some sharp upmoves tommorow.

Edit: Chummi closing for FUT 2960!!!!

 

[rishig38]

I am expecting last min. short covering to go till 2950-60 levels. Since mkts are over sold on daily basis, am expecting some sharp upmoves tommorow.

perfect...just took long position in unitech november before closing today..lets see..hoping for a 10-20% jump tomorrow...would sell again...

but it looks more and more likely that we will see 8800-9000 levels in sensex and around 2700 for nifty....

god save us all...this is bad time....i just hope for everyone that we come out of this next week, just in time for diwali....

 

[uasish]

As UASISH sir ,predicted; Bigmove Happened;
Thank You Mr UASISH;

Sreenivas

Sorry Sir,i do not predict,yes i do make a projection some times but those are as per my chart's the resistance/support zone.

 

[nagendra_gb]

i dont think so we will see such a huge move on unitech tomorrow.. despite good news markets have tanked so much... at one point we were 3088 at closing again back to low point of the day leaving away that last min shortcovering... i think tomorrow also we may see some gap down ... and even we had gone down by breaking 2933 also.. seniours please comment..

 

[uasish]

wanna see how fii looks angry ? see the chart of last hour.. lol.lol..crazy

Most Shorts where covered earlier in the day ,then only Mkt jumped above 160 points,then the Shorts again Shorted .

We after days end as a Daytrader Learnt how to trade on BOTH SIDE.

 

[rishig38]

i dont think so we will see such a huge move on unitech tomorrow.. despite good news markets have tanked so much... at one point we were 3088 at closing again back to low point of the day leaving away that last min shortcovering... i think tomorrow also we may see some gap down ... and even we had gone down by breaking 2933 also.. seniours please comment..

Nagendra, I totally agree with you that we might not have a huge upmove tomorrow...but either way, what I mean is that it wont go down as fast like it did today...US markets are in for some more pain...but this is a good time to start investing...

lets take Unitech for example,....even if it tanked another 20-25%, it will just cmoe to 50...which is not too bad for people entering in at 60...whereas the upside potential is enormous...i am looking to sell it between 70-80....

 

[uasish]

Most Shorts where covered earlier in the day ,then only Mkt jumped above 160 points,then the Shorts again Shorted .

We after days end as a Daytrader Learnt how to trade on BOTH SIDE.

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1592.html#post240145

 

[uasish]

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1592.html#post240145

Theoritically one could have earned on Long Side 2936 to 3086 = 150 points;
3086 to 2936 = 150 points .So 300 points.
Forget it only 150 points OK ,was it possible for an Intraday trader.

Yes was possible only if he/she do not have a preconceived bias belonging to either bullish/bearish camp than to think that we are only on MONEY camp nothing else.