Nifty Futures Trading

[prabhu53]

Re: Time to Stick my Neck Out ,Nifty 7300

dear sunil...
thanks a ton!

See the 5-day intraday charts, on monday & tuesday this SPOT 4585 was the neckline of the inverted H&S pattern, due to which we had a mini rally...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

after neck, back is 4555/50...
till then, short term trend is still up...

Back is precisely the range between 4550 & 4540...(SPOT LEVELS)
If this breaks, then at 4520 it will close the gap up opening which we had on monday...

But, all this actually depends on global markets, which in turn depend on the crude oil prices - this is outside the logic of a share/index trader. (as I had mentioned today morning)

I feel we will close this series between 4500 & 4700...
Let's see...

I will evaluate a "long condor" strategy for this 4500-4700 expiry and see if the risk-reward ratio is good...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

DowJones is near critical support of 12000. (CMP=12045, prev close=12160)

Close below 11950 = I.C.U.
Close above 12200 = Oxygen

Only oil can save it now...

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

Reading the posts of the day... it looks like everyone is eager to see new lows, or maybe people still do not beleive that we are in a bear market!
Somewhere I read a valuable post by CV... bear market time to get filthy rich

Regards

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

milkyblack,

Any trader who is trading for some time knows it that when price falls it falls faster than to rise & who can know that better than Jesse.
Asish

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

milkyblack,

Any trader who is trading for some time knows it that when price falls it falls faster than to rise & who can know that better than Jesse.
Asish

Yes Asish Da everyone knows price falls faster, but few knows when it starts to fall and very few like CV,You,Saint,Hari Sir, and all grt traders puts money in the fall to "rise" the equity capital

Regards

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Key SPOT levels for today:

The Pivotal level is 4610, below which bears will have an upper-hand.

SUPPORT LEVELS:
4540 - This is the level where SPOT was facing resistance throughout last week. This is the back of this bear rally. Also, S1 for today as per pivot.

4510/4500 - Downslide may stop here and attempt a pullback, as by this level, we will be in oversold region. This is the root of this bear rally. One may attempt to go long at this level keeping STOP LOSS OF 4480. Also, S2 for today

4480 - is the last support for bulls. If we close below this, old lows may be tested. I feel it is not likely today, unless we get negative cues from Europe or something negative from UPA-Left battle.

Please note that this short uptrend is intact if we close above 4550/60 levels.

If, after taking support at 4500/10 levels, there is a pullback, then it has to cross the pivotal level of 4610 today for any hope of further bullish rally.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Yes Asish Da everyone knows price falls faster, but few knows when it starts to fall and very few like CV,You,Saint,Hari Sir, and all grt traders puts money in the fall to "rise" the equity capital

Regards

One of the very old method.
When ever in an up trend ,means few candels having higher highs & suddenly one close is below 50 % of that Candel's range we get an Alert for impending short.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

http://www.************/file/51888402/4ffdaf16/Nifty_Fut_came_out_of_Down_ward_Channel.html

http://www.************/file/51888430/8ade9df9/Nifty_Fut_even_broke_down_from_upward_Channel.html

http://www.************/file/51888446/2cfcae0b/Nifty_Futs_Support_Ressistance.html

4 shared dot com

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Status of NIFTY FUTURES at Singapore Exchange:

Open: 4502
High: 4520
Low: 4491

CMP: 4515