Nifty Futures Trading

[solacefanatic1]

seniors please guide.

I am new to NF trading.

How much maximum stop loss should be there for nifty future iin these days?

I yesterday was stopped out twice in both long and short with stop loss of 25-35.

If I had not used SL I would have come in slight profit after some time in my short trade.

Should we enter long when Pivot high is cracked (and the vice versa for short)following 1 min chart?

Is 1 min chart of intraday(offered by the broker platform) is sufficient?

How u people successfully trade NF in these days?

Thanking u in adavance.

regards

Raja

 

[Sunil]

(5min Nifty Future)


The crucial & initial pivot high level, as per 5/15/30 min chart, above which some upmove can take place is 2878. (co-incidentally, 2872 is also the pivotal level today as per classical formula)

Sustaining above this, chartical resistance is seen at 2929-34-38.
If this band is too broken, then 2963-73 is the key resistance band which needs to be broken for taking out Wednesday's HOD (2988) & testing 3k levels

If we have a gap up open, but does not break initial 2878 level, then bears need to break 2820 for attempting LOD 2785 & gap filling at around 2760

 

[Sunil]

pop up straight to 2930 initial resis band

 

[Sunil]

check out LOD FUT 2875...!!!
so initial band as expected is set 2875-2935 (rounding off)

 

[praveen taneja]

so suppt n res in front of us to go short or long with room

 

[Sunil]

Hi Sunil

Thanks for the links. Have gone through current thread's library and found many doubts cleared. Things are nicely explained there..still need to try it on paper trades before going live using same logics.

Can you please share all active threads where you post your views during mkt hours and which can help us understand better during mkt hours. Thanks once again. RG

had missed this RG...
this thread is my home-thread since my beginning in TJ
have learnt many things from seniors here, especially Asish Da (who's also the moderator)

 

[RakeshG]

had missed this RG...
this thread is my home-thread since my beginning in TJ
have learnt many things from seniors here, especially Asish Da (who's also the moderator)

Sunil GM

You guys are very helpful and am sure after few months..anyone's TA would improve. I am very happy to be a member of this thread.

Thanks RG

 

[Sunil]

If we have a gap up open, but does not break initial 2878 level, then bears need to break 2820 for attempting LOD 2785 & gap filling at around 2760

as charts told...
2820 is the key for bears' rule continuation

 

[Sunil]

this 2820 needs to break to negate a HH HL attempt in 5min chart since Wednesday's LOD....

from wed (last hour's trade)
LOW = 2785
HIGH = 2878
HL (got confirmed when 2878 got broken in today;s gap up) = 2820

now:
bulls would want 2820 to be held, and to break today's HOD to continue with this HH HL attempt
bears would simply want 2820 to break to negate this attempt

though, overall short term trend is down...
this HH HL is just an initial attempt in lower TF (timeframe) chart, which may or may not be negated
immediate answer lies in break of 2820

 

[Sunil]

decent bounce from 2826...

but it may also be the formation of right shoulder of an H&S pattern (neck 2820) in this overall short term DT
(ref: 5min chart)...

let's see how it pans out...