Nifty Futures Trading

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

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

Well! I was not knowing myself whether it's a reversal time. If you go through this thread, you will find me mentioning 4620-4630 time & again. That is a monthly trendline level since the uptrend started in 2003. Hence, when market came to that particular level and the high of 5 minute bar which was touching lower boundary of Bollinger Band was broken, I went long with the stop at 4620 in Cash. If that level is breached, I will be out of this trade else it's run its course.

Regards,
--Ashish

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Milind,

Well! I was not knowing myself whether it's a reversal time. If you go through this thread, you will find me mentioning 4620-4630 time & again. That is a monthly trendline level since the uptrend started in 2003. Hence, when market came to that particular level and the high of 5 minute bar which was touching lower boundary of Bollinger Band was broken, I went long with the stop at 4620 in Cash. If that level is breached, I will be out of this trade else it's run its course.

Regards,
--Ashish

http://www.traderji.com/equities/18953-time-stick-my-neck-out-nifty-7300-a-195.html#post165193

Hope this clarfies.

Asish

 

[aca_trader]

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

Sentiments give birth to technicals. This level is the boundary between bulls and bears on a weekly closing day. Bulls will certainly try to defend it at the weekly close. Afterall, OI is highest for 4600 put for this particular reason only and hence even when Sensex has breached every support, NIFTY is yet being maintained.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

europe has opened in positive.

 

[aca_trader]

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 ??

De' Bears.

 

[milind]

Re: Time to Stick my Neck Out ,Nifty 7300

Well! I was not knowing myself whether it's a reversal time. If you go through this thread, you will find me mentioning 4620-4630 time & again. That is a monthly trendline level since the uptrend started in 2003. Hence, when market came to that particular level and the high of 5 minute bar which was touching lower boundary of Bollinger Band was broken, I went long with the stop at 4620 in Cash. If that level is breached, I will be out of this trade else it's run its course.

Regards,
--Ashish

Okay, thanks

-- Milind

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Added more at 4668...

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Milind,

After market sometime....


Saint

 

[Ajax]

Re: Time to Stick my Neck Out ,Nifty 7300

Laptops charger konked off.
Has shorted @ opening.
Covered shorts @ 4655.
Now long . Day's low is SL

Ajax

 

[adilsaleem]

Re: Time to Stick my Neck Out ,Nifty 7300

once 4683 is taken out 4745 , then 4808 ... 80 minutes left. Lower side 4621 is the big point right now