Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Now supp= 5088.50 & 5060
Res= 5121.20 in 10 mins chart ,slightly (+)ve.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Weekly has become (-) ve sub 4900 level may be witnessed.
Will try to find out the levels before mon 9.30am.

 

[anjubhatia]

Re: Time to Stick my Neck Out ,Nifty 7300

thanks fr ur effort,
ashish da, we will be very grateful to u

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

EoD:= 5070.53 is 'Critical Support' & the Low 5003.60 (of 8th Feb) seems to be a 'Pivotal Low' ,which may
work as base for a fresh Up swing ; for confirmation the 60 mins bar closing above 5080.90 is essential.
Resistance of 60 mins is at 5142.00 & 5159.60
Support of 60 mins at 5038 & 5012.00

Now as Rel Power listing is scheduled on Monday lots of fresh position Buy/Sell is expected which will
impact Mkt TO & Sentiment ,hence an alternative view is presented :=

Nifty Fut 1 min:=

(A subjective view ,which has been proved wrong by the Mkt many a times & cant be verified scientifically)

The Down move, (6th Feb 14.42 pm),from 5344 lasted till 5005 (8th Feb 13.09 pm).The upward correction of that
Down Impulse lasted upto 5155 ( 14.53 pm).
Now to-morrow if it cant trade above 5103.00 (only 13 points above last Friday's closing) then the last move
since (8th Feb 14.53) 5155 can be treated as a DOWN Impulse ,which gives a projection of 4969.45 for this
Down Impulse.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty Fut now SL for Long is 4970.15

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

In Tick chart the Down Impulse 5047 is having an Upward correction now,after this the let us see whether any fresh Impulse is onway or not.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Shorted again with 4995 as Stop.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

1st Tgt = 4941.60

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

1st Tgt achvd,booked 25% Profit.
2nd Tgt= 4911 that is also achvd booked 25% Profit.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

3rd Tgt of 4891 also acvd booked 25% Profit.
Now bringing Stop to Entry + brokerage & will watch only.