Nifty Futures Trading

[pra]

NF above 3430 bullish & below 3380 open up another 40 points

 

[MurAtt]

Nearing TL again, if we break this time, then its party time boys .....

Its a fast moving day today. Someone's not liking the upmoves and he's shooting at the highs ...

Here's the updated chart and by the time I post this, maybe I will have to update it all over again ...

As I said boys, as I said (re the updating). We've broken the bottom TL once again and 3380 here we come ....

 

[MurAtt]

NF above 3430 bullish & below 3380 open up another 40 points

We're back at 3380. What next - u think we'll bounce?

If we do then it would count as a triple bottom, then what wud the tgt be?
If not then where next?

 

[metushar]

Awesome murtaza.....amazing intraday insights.....but i dont get how did u see 3380 on the break of trendline ??

 

[MurAtt]

Awesome murtaza.....amazing intraday insights.....but i dont get how did u see 3380 on the break of trendline ??

No such major supports inbetween 3440 and 3380. Since we'd bounced twice from those levels and not able to sustain higher levels, I ASSUMED that a fall to 3380 was there for the taking.

And further updating, Put OI at the higher levels have started to go down i.e. 3400 and 3300 levels put writing is being squared off. Call writing at these levels has increased substantially - so we're not moving above 3500 in a jiffy, rather even 3440 will not be crossed that easily now unless and until some major news/happenning is there which pushes the mkt through these levels.

BUT again we're not falling below 3100 as of now (short term).

 

[skee_kd]

good analysis putting all the pieces together ...
really appreciate your work and even follow it gr8 going

 

[milind]

NF and some others (BankNifty, RelCap, RelInfra) are showing broadening pattern on 10m - a kind of inverse triangle, that is pointing downwards. NF has broken out of the down trendline. Anyone knows significance of this pattern.

 

[praveen taneja]

Strong Rumour in the market 80 % chances DAIICHI WILL ANNOUNCE DELISTING OF RANBAXY AND PRICE ?????????????????????????? 280 to 305 .....................

 

[MurAtt]

OI Change - is it misleading people who try to ascertain future movements?
Yesterday there was net minus in the holding and today it has increased Drastically - 44%!!!

 

[MurAtt]

If we bounce from these levels, then Dbl Bot on 5 min spot.
If we break 3475-ish, then 3445-ish levels.

Oops ... Broken. SO 3445 next.