Nifty Futures Trading

[rajuwaste]

Nifty is trading in and around 4242 what should we do now ???

 

[MurAtt]

This is on 5min, I also have a 3min NF which is also showing same I HnS.

 

[Sunil]

RShoulder formation in an I HnS. 5min spot NL 4220-25 ish.
Sunil sir can post exact points, my NL is based purely on visual
as I am unable to plot today on my comp today.

80pts would bring the tgt to 4300 NSpot - would be corresponding 4315-25 on NF!!! Y'day's trend decider level.
Wow -- TA and maths .....

Murtaza bhai.....a chart will help couldnt locate this formation on 5 min...

 

[Sunil]

Nifty is trading in and around 4242 what should we do now ???

the prev Higher low becomes the trailing stop for longs
as of now, NF 4222-20

 

[rajuwaste]

4236 is giving some support to nifty

 

[rajuwaste]

the prev Higher low becomes the trailing stop for longs
as of now, NF 4222-20

It is also previous close.But I could not figure out how did u get this previous higher low in my chart it is around 4225.

:thumb:

 

[MurAtt]

Same with me.
Bot @ 4243, SL at 4227. Hit stop. Sell order executed. Now back at 4240

 

[rajuwaste]

Same with me.
Bot @ 4243, SL at 4227. Hit stop. Sell order executed. Now back at 4240

Same type of tragedy happen to me also.I put stop loss at 4163 for my long it hits exactly that point and this 90 points rally.

 

[Sunil]

the prev Higher low becomes the trailing stop for longs
as of now, NF 4222-20

so, fight between pivot & close
a la rectangle (sort of, but not classical)

 

[MurAtt]

Sunil Sir,

This time another I HnS with a Straight NL. What do you say?
Breakout or Negation?