Nifty Futures Trading

[nachi]

Re: Time to Stick my Neck Out ,Nifty 7300

wha would be s1,s2 and r1,r2 levels for to-morrow

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

wha would be s1,s2 and r1,r2 levels for to-morrow

Help yourself Use this link

http://www.mypivots.com/Education/tools/pivot-calculator/

Enter OHLC Press calculate You can also use Woodies & Camarilla pivots.

 

[mahesh2007]

Re: Time to Stick my Neck Out ,Nifty 7300

wha would be s1,s2 and r1,r2 levels for to-morrow

for nifty spot
pivot:4280
s1:4210
s2:4155
R1:4335
R2:4406

for NF
pivot:4293
s1:4197
s2:4128
r1:4363
r2:4460

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

4448-4470 seems to be a strong support zone for nifty but a support that keeps knocked time and again will have a high probablity of being broken . I have been bullish on nifty for the last several years but just yesterday there seems to be a tl breach on the weekly aswell ( i have enc the chart in my previous post).A dramatic turnaround has to happen in the remaining two days for the sell signal to be false on the weekly charts.Also had a look at bank nifty (enc chart)which is resting at a major support ,if this support is also cracked then we might see levels like 5436 and eventually to 4892 . ..For now iam neither selling nor buying stocks for swing trading just staying neutral for the next couple of days .Will only trade nifty and bank nifty this week based on the hourly charts..

bank nifty close to the first support level .........will go short again if this level is broken for the next target of 4850-4900. Chart of SBI gives me the confidence to go short again in bank nifty as i expect levels of 1020 and 915 in this stock ( it broke 1600 in weekly on 23rd may which happened to be its h and s neckline and since then the gradient of the fall has been intact) . As far as nifty is concerned 4002 in spot nifty is the next critical pivot ....here again the chart of index heavyweight reliance looks weak the moment it broke 2115 confirming a LL-LH Pattern in weekly which inturn will help nifty reach that level ..

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY SPOT TRADING LEVELS FOR TODAY

PIVOTAL - 4280
The threshhold level, above which bulls have a chance of further shorts squeeze...

RESISTANCE LEVELS
4335
This is the R1 for today. Also, yesterday SPOT has a near double top at this level. Crossing 4335 can easily target 4350/55 level.

4400
This R2 for today is a good level to initiate fresh shorts. Depends on the local & global market sentiments at that time. (Tomorrow is UPA-Left meeting...)

SUPPORT LEVELS
4225/30
My S1 for today is this 4225/30 band, as SPOT had a near double bottom at this level yesterday (acc to pivotal theory, 4210 is the S1)
Breaking 4225 can target 4180/75
4200 Put's open interest had considerably reduced yesterday...


Daily & hourly RSI are in oversold conditions. I am expecting a mild negative or flat-to-positive closing for today...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

At opening, 4280 was resisted, but once crossed, proved bullish...
4310 is minor resistance...., then R1 4335 is the key for further relief rally

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Shorted @ 4300.00

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop = 4307

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Brought down SL to 4293.60

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

4294.05 is Pivot today. above it is + and below is - simple ;-)