Nifty Futures Trading

[new2sm]

dbl top in FUT

 

[coolboy007]

If 3rd time we fail to sustain above 2743 i will book whatever profits i can

My SL is at 2680 originally.

 

[new2sm]

2743 gone , bulls charged up today
Didnt sustain above it

Exactly, it did not even cross my conventional +10 pts range. looking at volatility, I will go for +20 pts range to reverse any position, but it cud not even touch 2753 to consider bulls have strength. Looks like second observation rule that mkts rarely cross Second S/R is also true.

 

[uasish]

You may be right,new2sm but @ 2722 there are 3 touch point bounce in 5 mins chart,i am banking on that.

 

[uasish]

Released 25 % @ 2743

 

[new2sm]

Huge shorting @2730 range

 

[uasish]

There is 3 tuoch point bounce @ 2722 & 2743 has given reversal 4 times so to play this RANGED move better to be light in position,now only 25 % Long left.

 

[coolboy007]

I am out at 2742 arnd 40 points profit. Fut not sustaining above 2745

 

[uasish]

My Stop is intact @ 2716.60 .

 

[uasish]

Logging off for 1.5 Hrs. with Stop for Long at place.