Nifty Futures Trading

[myvineet]

vineet, i hope that IIP nos come out after 12.... otherwise, chances are that inside bar pattern may be negated...
(but then we have a rectangle pattern too in 1min)

but market will make violent move both side ..that is bad

 

[Sunil]

BTW, Straits has recovered after re-open
Dow looking good
any +ve news with IIP may be supported...

let's see

 

[Sunil]

we have an ambitious INSIDE bar in 60
targetting HOD / LOD
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[myvineet]

we have an ambitious INSIDE bar in 60
targetting HOD / LOD
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

if LOD is broken then we may get another bakrid

 

[Sunil]

YESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

inside bar target achieved
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

used trigger order

 

[praveen taneja]

iip data at 4.8%

 

[Sunil]

BTW, Straits has recovered after re-open
Dow looking good
any +ve news with IIP may be supported...

let's see

this mentally helped too

 

[Sunil]

actually praveen, as the NSE building is next to my place, I am one of the 20 neighbours who get nifty's remote once every month... (likethis, everyone gets a chance in the 20 trading days).
Today, it's my turn with the remote....

)

rent of remote vasooool

 

[myvineet]

out all at 2980..

thanx sunil

thanx inside bar....

 

[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

this is why homework with charts helps...
a simple horizontal line to find out supports & resistance (for intraday trades)

i combine with RSI (1min & 5min)
check out RSI at 2988 in both charts +70!

if u hesitate shorting, atleast book out longs (partly or mostly)