Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

beyond pivot, i doubt....

overbought...

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop profit Hit.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Next Resistance is @ 4219.00

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

overbought slightly...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

i am out of longs....

SPOT convinces me above 4220

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

this is proving a pain....
4198 high on spot...

RSI 's Maths ,plz go thru it.

 

[deb99891]

Re: Time to Stick my Neck Out ,Nifty 7300

if upmove sustained next tgt 18

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

SPOT & FUT making HH & HL...
hmm,,,

Gr8 this is how we look at Current Trend.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

One observation i have made of Nifty (i have readings from Nov 2007)

We have had a maximum of FIVE days of consecutive negative closings
Six consecutive days of negative closings has happened only once during the Jan 08 bloodbath.


Today is the SIXTH DAY....
if today it closes in negative, WILL TOMORROW BE A POSITIVE CLOSING (given an imminent/timely due dead cat bounce/technical relief rally from today's lows)....
Only time will tell....

BTW, tomorrow is the derivatives expiry day, today is UPA-Left meet and tonite is the US FED meet.

will 6 prove to be a temporary relief today???

No trading bias though....

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

longed 76.7 n 50% exited 87.10

Gr8,you are now regularly trading in Nifty Fut.