Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Let's see from where SPOT starts to pullback from oversold regions:

near 4500 (as I mentioned earlier)
or
from 4520 (enough to close the gap it made on Monday gap-up opening)

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

booked out at 4505 (FUT)
will look to short at higher levels, though

4510 SPOT seems to hold as of now...

 

[tinchu76]

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.

Are these levels are of spot Nifty not for Futures??

 

[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.

Now, will 4540 SPOT act as resistance...???

 

[milkyblack]

Re: Time to Stick my Neck Out ,Nifty 7300

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.

Thanks a lot Asish Da, will definately keep into consideration and keep my eyes open to look for it
Thanks a lot for the links below! Will go through all of them religiously today evening !

Thanks again

Regards

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Are these levels are of spot Nifty not for Futures??

SPOT = Nifty Cash Price

I mention FUT if I refer to the June Futures Price.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

I give more weightage to SPOT charts than to FUT charts...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Safe to short at higher levels, as it is in oversold regions...

I would look at near 4560 SPOT to short

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Longed @ 4509.65 with 4505.95 Stop

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

long @4518 SL 4505