Nifty Futures Trading

[uasish]

2961 zone worked as Support once again.

 

[uasish]

A almost 60 points jump from 2961 to 3021,the heart jumps for Shorts,in Live Mkt very difficult to HOLD shorts.

 

[nagendra_gb]

Ashish sir .. i have a small doubt .. lets assume today nifty touched high of 3025 and came down to 2961. How can we know that this is just a healthy correction from day high and when to decide this genuine downmove.. are there any thing like 50% correction from high is genuine or some tihing like that..

 

[uasish]

nagendra_gb,

Suppose we are driving a Car through a National Highway from Mumbai to Lonavela now say Sunil telephones us that he is at Vasi & wants us to pick him, as a driver what will you do ?
You would search for an opening along the NH's divider to go to the right lane so as to take an opposite dirction towards Vasi.
When does your car changes to opposite direction ,only after crossing the 50 % mark (the divider).Friend same thing in chart also.

Asish

 

[praveen taneja]

very good piece of intelectualism Da........

 

[detrich]

nagendra_gb,

Suppose we are driving a Car through a National Highway from Mumbai to Lonavela now say Sunil telephones us that he is at Vasi & wants us to pick him, as a driver what will you do ?
You would search for an opening along the NH's divider to go to the right lane so as to take an opposite dirction towards Vasi.
When does your car changes to opposite direction ,only after crossing the 50 % mark (the divider).Friend same thing in chart also.

Asish

Dear uasish,

I wish it was that simple

 

[columbus]

Am also on hedged short positions and carrying them over to next week. Next week , we have no big events or economic data so mkts cn swing anywhere.
60 points gone frm high today for nifty. Is it FII effect or 2:30 effect?

cool,

How did do you Physics exam? Now the Resistance & Supports stand at 3060 & 2930.So a we have trading range of 3300~2700 for next week.

 

[coolboy007]

cool,

How did do you Physics exam? Now the Resistance & Supports stand at 3060 & 2930.So a we have trading range of 3300~2700 for next week.

Hi sir ,

Oh , you remember my Exam , it was good but some numericals were extremely tough , expecting 80% marks.
Thanks for telling the support and resistance. We got hell lot of stock supply at 3250 , do you expect it to come again???

 

[columbus]

Hi sir ,

Oh , you remember my Exam , it was good but some numericals were extremely tough , expecting 80% marks.
Thanks for telling the support and resistance. We got hell lot of stock supply at 3250 , do you expect it to come again???

Cool,

80% is not bad at all.Studies FIRST ,stockmarket NEXT.

Heavy demand for 3000,3100,3200CEs and 2900,2800,2700PEs are seen
in the market.In this scenario better to watch from sidelines and then
look for good opportunity at the both sides.

 

[coolboy007]

Cool,

80% is not bad at all.Studies FIRST ,stockmarket NEXT.

Heavy demand for 3000,3100,3200CEs and 2900,2800,2700PEs are seen
in the market.In this scenario better to watch from sidelines and then
look for good opportunity at the both sides.

Yeah studies FIRST for sure ,

I am short with some hedged Pe , dont know whther will end up in loss or profit , seems next week more probabilities are of loss.
I am really inspired by Saint sir read his post today , who was first a Doctor and became a trader. Even i have taken Science but dont know which way i will end up , though am good at stock mkts...