Nifty Futures Trading

[MurAtt]

As you have seen, nut not 2730 rathere the line above that i.e. 2755/50 levels will be to watch. See the mkt - it has bounced numerous number of times from there i.e. in this chart itself 6 times it has acted as support.

So that is a MAJOR SUPPORT level. Break of this would mean a good amount of downside i.e. shorting opportunity.

As regards BEARS & BULL rally, it is still a long time away to start a BULL rally ...

 

[Sunil]

Nagendra,
Open = High
since that level (2780) was very close at opening ticks, one could keep that as stop

 

[nagendra_gb]

exactly sunil ...

both in spot and futures.. but if futures breaks the day high and if it stays above it then good upmove can be expected but as of now short with day high ios good trade..

 

[nagendra_gb]

but 2750 is a good support area too.. so wait and watch as of now..

 

[Sunil]

2 day swing low = SPOT 2755 / FUT 2732

 

[nagendra_gb]

but taking positions overnight today is bit risky i feel sunil.. better we do for intraday only may be tomorrow morning atleast we can see some direction wht say

 

[Sunil]

just to remind of that green-red EMAs chart of SPOT

 

[Sunil]

but taking positions overnight today is bit risky i feel sunil.. better we do for intraday only may be tomorrow morning atleast we can see some direction wht say

obviously buddy, intraday technique/tricks are good for intraday only....

did u feel like I said for positional trade or sumthin

 

[nagendra_gb]

hmmm not exactly sunil... by seeing DOW futures am bit suprised.. this DOW is like a child it cries for more always. See now it is -124. I dont think first day of Obama dow will end in red if it happens i will be really suprised..

 

[Sunil]

2 day swing low = SPOT 2755 / FUT 2732

held as of now,...
looking at 5min WRB high & pivot high (both are close)

counting on red+green kiss, but black's stop is bit far