Nifty Futures Trading

[learn2trade08]

cant get a clear piture wrt vols...

sorry yaar, cant comment on it now...
but right shoulder is bigger, and neck is not clear or near as of now...

learn2trade...
what say about this?

 

[Sunil]

& stoploss of long at 2987...?

2985 or 2980?

2973
remember yest's trade


i hope u r not asking me abut positional trades

 

[Sunil]

without any hassle/tension of averaging or what,
even my overnite put (for today's 2 legged strategy) is in small profit now..
;-)

 

[Sunil]

prev dbl bottom SPOT 2955 is near

 

[Sunil]

just look at 5min charts...
tightly ranged between 3010 & 3040...
(if that early morning gash down would not have happened, it would have been one of the worst intra trading days)

vineet, this is what i just mentioned in our other thread...
i hope that bar WITH REAL BLOW comes up soon..
;-)

enjoying with real blow.....

WRB = With Real Blow

 

[Sunil]

prev dbl bottom SPOT 2955 is near

nifty giving respect to its own levels, and I accompanying it...
this is what i like...
and this is my humble "what u see, is what u trade" system (purely from scalping point of view)

 

[Sunil]

from short term trend's point of view:
Bull's backbone level (prev. HL) is still bit far at 2813 SPOT

 

[rishig38]

from short term trend's point of view:
Bull's backbone level (prev. HL) is still bit far at 2813 SPOT

you are right Sunil, but that level is just for today...tomorrow, that levels becomes 2948...so if we close as is today without any further movements, we might just end up opening below the supporting trend line for Spot which will be at 2948 tomorrow....

 

[ThE HaMmEr]

gap of 12-15 filled...

 

[Sunil]

today's herbivorous GIRAFFE
or
tomorrow's carnivorous DINOSAUR
!!!

14 period RSI levels at close yesterday:
EOD = 69
60min = 72
5min = 86!!!

Opening more TSQs will give cue to profit-booking...
with such high RSIs, our GIRAFFE is more "thirsty" than "hungry"...!!!

anyway, let price movement confirm this first...

quite often i have seen - buy on rumours, sell on good news

carnivorous dinosaur or bulls' trap today...


expecting our GIRAFFE to turn "hungry" tomorrow at around 2850 levels (if it comes)