Nifty Futures Trading

[praveen taneja]

asc. trinangle forming?

means no more downside from here?????????

 

[Sunil]

asc? triangle forming?

negated now

 

[new2sm]

hmm was actually triangle formation. fresh shorting is also happening. but either side breakout is possible due to triangle formation. 3080 below for shorts and 3111 for longs will be trigger/confirmation pts. I can only observ. fight going on between FIIs and DIIs till now.

 

[praveen taneja]

3080 is really a tough nut to break now leave aside LOD line baba sleeping ,chowkidar not on duty,ashish Da busy who will take care of mkt tell me??????????

 

[new2sm]

3080 se bahut yarana lagta hai. sunil tell them "chal oye"

 

[learn2trade08]

be carefull h$s....we are on neckline 70...tgt 2850

 

[new2sm]

3080 is really a tough nut to break now leave aside LOD line baba sleeping ,chowkidar not on duty,ashish Da busy who will take care of mkt tell me??????????

When in doubt Trust the FIIs.

 

[new2sm]

Yaar FII pe itni hi chalti hai to pahle kahna tha naa aise hi GHANTA khraab karwa diya wat should b short covering level

They are not idiots managing billions of $. They too know the levels we follow. Hamare to doodh ke daath bhi nahi gire. They have many more levels then just cam, classic, woodie or ellit. already feed in. they know the significance of 3111 and 3060. watch their behaviour u will soon learn their tactics. That is why I said, move with the movers(FIIs and may be DIIs) and u will be happy trader. just my opinion.

 

[nagendra_gb]

new2sm is 3050 to 3060 range support ???/

 

[new2sm]

3060 is ofcourse support as per camrilla. as per classic 3044 is first support so I wud say 3044-3060(+/- 10 pts on either side as buffer) is definitely tough support region.

Edit: another asc. triangle formation?