Nifty Futures Trading

[MurAtt]

Sunil Sir,

A goodbye kiss to 4210-4205 pending before we resume our uptrend?


Oops my mistake -- already done --- so up we go to 4240

 

[metushar]

Sunil Sir,

A goodbye kiss to 4210-4205 pending before we resume our uptrend?


Oops my mistake -- already done --- so up we go to 4240

Why Murtaza ? Looks pretty uncertain market to me and looks like it will go down....

 

[MurAtt]

Well I was banking on the Pivot 4205 and also the gap up strength to hold 4210 levels

 

[metushar]

4200 providing some fight to the bears

 

[Sunil]

I'll be observing reaction at these chart levels, coinciding with FIBs:

38% = 4205-10 (the neckline of the H&S)
50% = 4235-40 (high of right shoulder)
62% = 4270 (high of head/Friday)

(SPOT values)

20pts-step visible in Spot chart
4190 - 4210 - 4230

 

[praveen taneja]

4204 again came in picture like yday but this time if broken convincingly then too mkt wont go to 4100 level as most of shorts covered yday and trades are now on positive side lets see...........

 

[MurAtt]

Whoa --- 10 pts premium increase just like that

 

[Sunil]

Vineet, do u feel a cup & handle in 5min chart from yesterday????

this V is pretty sharp

 

[myvineet]

Vineet, do u feel a cup & handle in 5min chart from yesterday????

this V is pretty sharp

yes , this 5 min bar is biggest since morning

 

[Sunil]

potential dbl bottom in spot....4190