Nifty Futures Trading

[kalwarik]

2740 act as big support

 

[uasish]

Nope the 2nd retracement now surpassed the 1st one from 2762

 

[uasish]

2740 act as big support

Yes, but whether this support will hold or not the answer lies in the minute retracements in 1 min chart.

 

[uasish]

kalwirk,

As we found the 2nd retracement surpassed the 1st one Price wise hence it came back to 2749 from 2762.Scalper needs to watch these things in Price.

Asish

 

[uasish]

Still the b/o base of 2742.65 is intact.

 

[uasish]

So another up attempt to test yesterday's close is being tried now.

 

[uasish]

WoW now 10 points min for Long side scalping.

So we could get more than 10 points actually 20 points on Long side with Stop at base of b/o @ 2742.65 .

Now as the base is taken out we know what to do.

Bye.

 

[myvineet]

those who are new to this forum may have read this running commentory for the first time..now open 1 min chart & read those lines again & again..try to catch the thought process going on at that time...

we are fortunate that we are getting that knowledge from asish da...

thanx da...

 

[TrendPlayer]

those who are new to this forum may have read this running commentory for the first time..now open 1 min chart & read those lines again & again..try to catch the thought process going on at that time...

we are fortunate that we are getting that knowledge from asish da...

thanx da...

Vineet: very true..this is my first experience and was just trying to understand..very fast

Asish Da: thanks and looking forward for this kinda interaction again

 

[Sunil]

The term Library thread is used several time in this thread what is Library thread can u give me the link to that

Because trades & nifty levels are discussed real time in this thread, I like to call it a CLASSROOM thread.

Here's the link of our LIBRARY thread where various strategies for intraday trading are discussed

Brother (not sister) thread for positional trading - an EOD thread
Only "Bhai Log" can do positional trading


Mechanical Swing Trading - for novice positional trading

Common Room / Canteen for discussing everything non-nifty related - here we chit & chat



Invisible mode is useful for "dookhi aatmas" (sad souls) like me. So, don't bother about it...