Nifty Futures Trading

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Triangular consolidation in process

Ashish .. pl comment

 

[bbrahma]

Re: Time to Stick my Neck Out ,Nifty 7300

Elasticty...

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Got in long at 4540

Saint

ps:Too fast to immediately post

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Both SPOT & Underlying are in a traingle formation for today's activity. Kissing the resistence line now. Above 4562, a Bo will take place on NIFTY Futures.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Triangular consolidation in process

Ashish .. pl comment

Agreed Ajax!

A Breakout in either direction may give good run.

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

hanseng up 233, nikke up 180, dow futures up 73 positive break out ?

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

hanseng up 233, nikke up 180, dow futures up 73 positive break out ?

The way it's hitting upper boundary time & again, a positive breakout is more likely. As this is coninciding with retest of a 60-Min triangle (lower boundary) made earlier, needs much more buying pressure than usually would be needed to break a 5-min formation.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Both SPOT & Underlying are in a traingle formation for today's activity. Kissing the resistence line now. Above 4562, a Bo will take place on NIFTY Futures.

Regards,
--Ashish

This triangle is a lop-sided diamond pattern on 5-Min chart as well.

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

its not crossing 4545 spot, facing stiff resistance there

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Wait for completion of this 5 minute bar and take entry above high of that bar or enter above pivotal high. No need to jump impatiently.