Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty Fut 60 mins.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty EoD is having 1 interesting Minor Resistance Line.

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Nifty EoD is having 1 interesting Minor Resistance Line.

Hi Asish!

IMHO, this is at a crucial juncture. PLease check the resistence line from another angle.
Chart Attached.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Sorry Friends!
Could not update trades during the day due to some problems.
Took two more trades after getting stopped out on the first trade.

The second trade was almost placed immediately. Taking help of bollinger bands and pattern trendline (Diamond of yesterday) and two reversal bars of equivalent size, Jumped on the bandwagon after 12:30. Got filled at 5138, NF ran to a good level but as I was not scalping, got out at BEP of 5143 after it started falling.

The third trade was entered at the same level but around one hour later. Again with the help of Bollinger band. (Buying on Dips). Added one more position after day high breakout in underlying anf finally exited at 5169. Managed to remain positive before brokerage but that is the story. Carrying one last position home.

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi Asish!

IMHO, this is at a crucial juncture. PLease check the resistence line from another angle.
Chart Attached.

Regards,
--Ashish

it is symm triangle ...... similar formation was spotted in weekly which i posted yesterday but it has to give a break out from this pattern ... till then we have to play for a range

 

[kkseal]

Re: Time to Stick my Neck Out ,Nifty 7300

Hi Asish!

IMHO, this is at a crucial juncture. PLease check the resistence line from another angle.
Chart Attached.

Regards,
--Ashish

Question is - Is that the C or part of an ongoing B. Let's see how the Dow behaves.

Regards,
Kalyan.

 

[jdm]

Re: Time to Stick my Neck Out ,Nifty 7300

ppl should learn how a traders mind works from this thread. nice going guys.

 

[phoenix]

Re: Time to Stick my Neck Out ,Nifty 7300

Excellent thread,guys!

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

Today while NIFTY will be out of triangle if it goes above 5270, Sensex needs to go above 18,000 to break out of the corresponding traingle, hence needs to be watched out at those levels.

Said that, there is high probability that market may open above those levels.

Regards,
--Ashish

 

[aca_trader]

Re: Time to Stick my Neck Out ,Nifty 7300

As opposed to earlier occassions when market flirted with 5350 levels, there is not huge discount in the market. Though it shows optimism, if even this optimism is not able to push market beyond this resistence level, we may re-test the upper boundry of triangle.