Nifty Futures Trading

[ASHA SHUKLA]

From "bears ki izzat" yesterday to "Bulls ki Backbone" today...
2640-30 double bottom band...

If this breaks at open, then a short-covering bounce is expected (maybe till 2700-10 level)
Let's not be biased with the EXTENT OF THE bounce - let the charts & other indicators dictate that to us...

Below 2630, 2600 / 2580 / 2550-40

Sunil Bhai,
Your charts are very educative and they give real picture of the day what may happen. It also gives confidence to juniors to manage their position. Thank you very much. Continue your educative as well as pictorial messages.

 

[new2sm]

2580 is last support as per Cam. from where we bounced in the morning. if that breaks then 2550 is S2 as per Classic. interesting thereon.

 

[MurAtt]

Hello All,

1st post ...

Looks like there will be some dilly-dallying between 2610-20 and 2780-70 levels before the Giraffe decides between leafs or water ...

Murtaza

 

[Sunil]

Hello All,

1st post ...

Looks like there will be some dilly-dallying between 2610-20 and 2780-70 levels before the Giraffe decides between leafs or water ...

Murtaza

nearly 10% fall from yesterday's peak, friend
giraffe's stomach is full with water as of now...
today the focus is on it's stomach (rectangular in shape)....
let nature & market take its own course along with some time...

everyday one cannot get a knockout "neck" move!!!



action is quite evident in SPOT chart with tug-of-war at 2600
+ & - 20 on either side for today's range

the more time it spends in this 40point band, the better will be its resulting neck (coz of hunger or thirst, as case maybe)

 

[ag_fx]

nearly 10% fall from yesterday's peak, friend
giraffe's stomach is full with water as of now...
today the focus is on it's stomach (rectangular in shape)....
let nature & market take its own course along with some time...

everyday one cannot get a knockout "neck" move!!!



action is quite evident in SPOT chart with tug-of-war at 2600
+ & - 20 on either side for today's range

the more time it spends in this 40point band, the better will be its resulting neck (coz of hunger or thirst, as case maybe)

If it falls too much from here...then may be we can call it a CAMEL, taking in enromous amount of WATER and storing it for unknown amount of time

 

[Sunil]

If it falls too much from here...then may be we can call it a CAMEL, taking in enromous amount of WATER and storing it for unknown amount of time

LOLzzzz
WOW

that was a good one...

though water is easily digestible, especially in such bearish times

 

[new2sm]

c&h in 5 min

 

[rishig38]

c&h in 5 min

what is the target??

 

[Sunil]

ok, observe 5min chart
12:10 & 12:15 bars...

immediate range (CAN BE TAKEN AS A TRIANGLE'S BASE)
2615 & 2578

keep an eye on that symmetrical triangle for some BO cues

 

[new2sm]

ideally HOD shud be first.