Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Furious tug-of-war. The outcome of this battle will decide the war.

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Does Nifty (Spot) forming a triangle Now

Satya

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

A falling wedge break-out in NF. High of BO bar is 4660 and Low is 4646

Saint, uasish, Ashish

I want to know how you folks decided that this was a reversal time around noon time, 4640-4660, when an ignoramus like me was thinking this is just a rest stop during intraday down trend. Agreed that little after noon, there were signed to question continuation of the downtrend, but am not sure what gave confidence that uptrend is going to start.

-- Milind

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Does Nifty (Spot) forming a triangle Now

Satya

Yes! A pennant is under formation. though the upper boundry is flat now.

 

[Satyen]

Re: Time to Stick my Neck Out ,Nifty 7300

Yes! A pennant is under formation. though the upper boundry is flat now.

Thanks ,

Now its forming a rectangle ?

Satya

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks ,

Now its forming a rectangle ?

Satya

Approximately yes. May be a Double Bottom As well.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

4620 yet to be breached though 4630 will be a resistence now.

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

Sometimes i feel sentiment will act more than technicals. Since there are three days holidays people are not taking any position

 

[myvineet]

Re: Time to Stick my Neck Out ,Nifty 7300

4620 spot is act as a solid support..... nobody is aggresive here today ..neither bear nor bull.......

 

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

yen is back to 99. Advanced tax figures were good. Global cues are also good. Whats stopping the market ??