Nifty Futures Trading

[learn2trade08]

dear raju...
experimenting on divergence as of now.Trade got stopped out.
all the best.

Based on fibonacci l2t isn't it

 

[rajuwaste]

dear raju...
experimenting on divergence as of now.Trade got stopped out.
all the best.

I am new comer to technical analysis.When I cauculate fibonacci retracement for NF from high of 3093.4 and low of 66.9,the 61.8% retracement come around 3083 that is why I asked you my friend.

 

[learn2trade08]

one thing from a lot of loosing trades during morning session,'fibs mostly do not favor during morning sessions especially if you are trading based on that particular days data.
tricky thing about today is sensex is way ahead of its resistence and the question is when the heck will nifty follow.

lol'all the best....

I am new comer to technical analysis.When I cauculate fibonacci retracement for NF from high of 3093.4 and low of 66.9,the 61.8% retracement come around 3083 that is why I asked you my friend.

 

[knarendra]

good morning...
shorted nifty at 78 stop at 83....counting on luck this time.
oops all the best.

As Mech.calculation, NIFTY in bullish zone.Dont short

 

[learn2trade08]

anyone ready to sip some chai in the coming days??

 

[Sunil]

L2T,
If Spot 3110 breaks & hits 3240, then meet me at Barista
)


PS: this is what i was trying to figure out as per my morning post... join the LODs from 2250 too for another TL...
what do figure out of this pattern...

 

[Sunil]

missed this entire downmove...
:-(

only one short trade till now (at open)..
after that, SOH

SOH = Sit On Hands / Sunil On Hold

 

[Sunil]

Paper-trading /fine-tuning divergence trading...

From 1min chart:
Nifty made HH, RSI made LH (at 3096)
Regular bearish divergence

Can't stop thanking L2T for that link.... it has mentioned some good rules about WHENs & HOWs
Thanks buddy

 

[learn2trade08]

dear sunil'
its a jungle out there'lol
i am out of nifty and into stocks.

L2T,
If Spot 3110 breaks & hits 3240, then meet me at Barista
)


PS: this is what i was trying to figure out as per my morning post... join the LODs from 2250 too for another TL...
what do figure out of this pattern...

 

[Sunil]

I would say, it's a WAR out there...
if 3100+ is not seen in SPOT today, then I would be wary of my positional longs, and would look to book part/half