Nifty Futures Trading

[new2sm]

people following cam. wud have made 100 pts by now shorting from 3073 levels.

 

[RakeshG]

Sunil/ New2Sm..Any chartical levels to watch for Supports now?

 

[new2sm]

2961 is support as per classic.

 

[Sunil]

Just like Monday's neat & clean HH HL uptrend, we had a similiar LH LL downtrend pattern yesterday.
The key reversal pivot high level as per multiple TF charts is 3018 with a confirmatory break of 3033.

Initial upmove hope above 2957-62, which may then target 2988 & 2995-3000(today's classical pivot level).

For bears, Friday's LOD of 2883 is the first hurdle to break down for testing 2855 FUT (corresponding to near-double bottom of SPOT 2860)
If this key support band of 2855 breaks down, then it is likely to fill the gap area of 2775-2760

 

[Sunil]

an interesting line up of supports & resistances as per Camarilla formula for today:

Supp: 2906 / 2884 / 2862 / 2795
Ress: 2951 / 2973 / 2995 / 3062

 

[kalwarik]

Camarilla formula for mini
r4 3046
r3 2984
r2 2963
r1 2942
s1 2900
s2 2879
s3 2858
s4 2796

 

[Sunil]

decent bounce from expected support areas

 

[praveen taneja]

Hatsoff to u sunill really marvelous.........

 

[Sunil]

decent bounce from expected support areas

so far, so good....
1min in HH HL
trails at prev HL 2908

 

[Sunil]

Besides the charts, it's your comfortable stops which decide whether to initiate a position or not...

seen & learnt so many times from our Asish Da...