Nifty Futures Trading

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My last 3 posts may or may not be suitable for intraday trading...
they are actually meant for better positional view...

Sorry for posting it here, as I could not find another suitable thread.
Welcome bro nice to see u in action:) Hope ashish Da too will be free soon from his work god bless u
 

ag_fx

Well-Known Member
Resistance-Support-Resistance...

certain levels which play the dual role of resistance (in upmoves) & support (in downmoves)...

my old friends know that i also call them "chowkidaar" levels
Oh h alrite...NIfty is howering around these levels for pretty long now.....vols going low....confused:(:confused:
 

ag_fx

Well-Known Member
What confused to you? Nifty clearly shows selling pressure.
Now, Nifty - 3000 (+2.8%).
Ok. letus see what happened? I think Nifty closed in Red.
Selling Pressure? How come? Nifty opened 1.8% UP and now 2.8% UP....how come this is selling pressure?
 

Sunil

Well-Known Member
If anyone's confused, just switch to 1min FUt chart + RSI (14)....

that's where the hidden remote control lies...
:))


I don't wanna argue about cause-n-effect theory
I just know that there's 440W live electric wire at RSI 75/80+ levels, and I know that bears are good electricians in this overall bearish environment...

JUST CHOOSE YOUR ENTRY LEVEL PROPERLY TO MINIMISE SL/RISK
 
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