Nifty Futures Trading

[pkamalesh]

since mkts is unable to break 2875 with conviction-wanting to go lower. it is better for shorters to cover @2875 the way I did. not much time left anyways for +ve surprises.

Yeah me too covered at 2869....that was enough for me....fortunately it dint go beyond that level...

 

[Sunil]

The latest status of our "GIRAFFE"

 

[Sunil]

(Due to server problems, I was not into trade full time today...)

L2T, we had an outside bar (engulfing) in 60min today (2pm) and it gave a good break on upside...

the experiment seems good so far (TOUCHWOOD)....
only issue is the target...

i reckon, we can draw a TL joining the highs (or low, as case may be) of the bar before outside bar & that of the outside bar itself, and extend it to our resulting bar for resulting target...
we can book partially at such "target" or have a trailing stop at it/beyond it...

posting today's & yesterday's chart for illustration...

PS: this is still on experimentation stage, and follows on the lines of "inside" bars...
suggestions will be appreciated...
Also, I prefer to trade these inside & outside bars on 60min TF & Daily chart only...
And as is the case with inside bars too, the 1st hourly bar (which is actually of 5min duration only) is ignored

 

[Sunil]

look at open premium in Fut
20+!!!!!!!!!

 

[uasish]

Now Support = 2919.85 ;
Resistance = 2961.35

 

[uasish]

2947 is the intermediate Top of this Down move.Hence Short's Stop would be 2948.00.

 

[uasish]

Support zone 2882 to 2895.00 & now 2922 may give some resistance.

 

[renu daga]

by no means today we should not close below 2880 zone,,,!! id that then ,,,down waves to continue straight... with no stop

renu

 

[uasish]

As per HH / HL analogy we now have one HH in 3017 then next LH at 2947 ,so the eralier Pivotal Low @ 2855 is the Long's only hope still now.

 

[milind]

Symmetric triangle on 5m