Nifty Futures Trading

[crishjeny]

i want to know how to play with nifty ?

 

[pkamalesh]

Well there are so many threads now that i had to look into one of my subscribed thread to check if any one of those were still active..Luckily found this special one from ashish da..Just a Normal view on Nifty spot..If it Helps..
Ive considered the basics viz-a-viz the 200,50 and 20 SMA on the daily chart along with the BB(20,2) and RSI MACD..The Daily chart can actually give u certain directions(if not indications)..And if u look closely the BB's Top and bottom piercing on the Nifty spot chart could actually give u good profits in both futures and options..Take a look and shoot ur Queries..

 

[pkamalesh]

Now another example of a simple retracement that works most of the times..As expected the market resisted the 50% upmove of the recent crash at close to 5189..Now since it failed to take a support@ the 38.2 levels..the next target if the 20 day SMA doesnt hold(at 5000) is 4934..

 

[manoharpillai]

Nifty spot holds 4970 on closing basis still have chance to test 5225-5330
fail to hold and close below this for 2 days sure to re test 4750 to form double bottom....
further break down from 4750 gives Nifty a chance to go all the way down to 3820 to fill the(18-5- 2009) gap created after the election result in between technical support may be found at 4600 - 4200

 

[pkamalesh]

Need to see if this is a false BD from the Triangle..In not valid we will see some shorts covered up..Nifty spot 5 min..

 

[pkamalesh]

If 4940 spot is taken out on 5 min it confirms the TL break with a new PH being made..Upside might be waiting after 4940..A sharp one..

 

[columbus]

Hi PKamlesh,

After long time ,your presence is felt.

 

[pkamalesh]

Hi Columbus sir..Yeah Found time after long..Howr u doin?

 

[pkamalesh]

I think its a Rising Wdge on the Nifty Spot 5 min..A BD from the Wedge would give a good 4988 or below but a upside is not ruled out..waiting for the Break on either side..

 

[pkamalesh]

Broke Down..But still Holding Tight..SBI is helping Nifty probably..