Nifty Futures Trading

[Sunil]

lol that's why I kept 2930...

actually yaar, that level 2926.60 was the required % target of some other thread....
that much was needed to cover initial trade's loss...
(forgetting abt inv H&S target 2900+(2900-2870) = 2900+30)

in arnav's terms, intraday gap (coz of today's gap down) closed.....
morning TL broke....

now real peak for bulls/bears is FUT 2939 (yesterday's 3pm high)

 

[metushar]

Nifty fut discount reduced from 10 to 5 today, ominous sign for bears kya ??

 

[tinchu76]

Can u please post the chart Tinchu

pls find it here.

 

[MurAtt]

H n S in 5 Min Spot?

 

[Czar]

Thanks to saint???

for the filter

nope dont know his rules... just an old habit...

 

[MurAtt]

H n S negated, we simply bounced from trendline rather than breaking it.
Testing 2930 again

Sorry - neckline

 

[smpsd]

looks like nifty is going to change upward move soon as stoch is overbought for this month with hinge and price touching upper band.I think 2900-3000 put will give max profit if nifty goes to 2800 level.No chance for 3000+ or 2720 this month.See image below

 

[Sunil]

3 levels:

FUT 2940 - Tuesday Afternoon peak + Yesterday HOD (a potential double top with trough at LOD FUT 2870

SPOT 2905 / FUT 2900: neckline of yesterday's inv. H&S (1min/5min)

SPOT 2880 / FUT 2870: neckline of Inv. H&S in EOD chart + apparent base/RSR of this rally


Above FUT 2940 -> 2960/2980
Below FUT 2870 -> textbook target of double top is 2800, with 2840 in between.

equations are simple....
hope, trading is as simple too...
;-))

 

[Sunil]

smelling bullish divergence...
need more confirmation

 

[Sunil]

smelling bullish divergence...
need more confirmation

not happened at sub-30...
hence doubting...
let's see if this can hit 70