Nifty Futures Trading

[Sunil]

Consolidation / war may continue today also. The zones are set - the levels are clearly defined.
Initial band of Spot 2640 - 2660 for outer band 2620 - 2680.

Initial band set: SPot 2640-60
Let the war begin...

 

[uasish]

Till now what have we seen :=
1)All night long orders at system executed ,sell was predominant.
2) Ist rise from 2616 had only few points Retracement
3)2nd Rise from 2619 traversed More on upside than 1st's
4)The retracement from 2629 has traversed more on down side and with 2 FOLDS now at 2619.

Rest you decide.

 

[uasish]

Another perspective:=
Key Nifty Fut participants,RIL at 1186 & 1200 support ,flirting there.
ONGC (-)2.54 % ;
Bharti below key 598.30.

So can we see little more.

 

[uasish]

Now volume:=
Still my 1st post to last post vol from 3 Lack odd to 6 Lack odd .
While on Down move vol bars are less than reversal areas.
2600 is being defended is'nt it clear.
Put chart to 1 min and see the volume bars.

 

[uasish]

Sunil & Others,

Plz take over ,pushing off.

Asish

 

[Ajax]

Hi ashishda

Nice to see u back
Was worried till yesterday

Regards

Ajax

 

[new2sm]

Just for Edu. Purpose, there was a Bearish Harami(IB) @10:10 min in 1 min chart. should have given signal to go short.

 

[uasish]

I would Long above 2652

Will Long only above 2639 with 2622 SL.

 

[Sunil]

Just for Edu. Purpose, there was a Bearish Harami(IB) @10:10 min in 1 min chart. should have given signal to go short.

just to confirm again, new2sm,
bearish harami = IB whose BODY is within (inside) the BODY of the preceding bar....

in other words, for this thing, u give more preference/attention to the BODY of the bar and not the whole length of the bar...

right?

 

[uasish]

Hi ashishda

Nice to see u back
Was worried till yesterday

Regards

Ajax

Not so well,on therapy but logged in becoz many of us some times feel DoW & Asia etc is good indicators,thats why made my intention clear before mkt opening & gave a commentry Why ,made 15 points in the process .