Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop = 4224.65

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

expecting serious resistance in the band of 4240/50 SPOT...
take care

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Brought down Stop to 4220.05

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Stop Hit (-)ve 3 point,due to my over confidence on Resistance 4224.60

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

if long, keep booking profits.... nearing serious over bought zone...
and resistace 4240/50 SPOT

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

The Timing was wrong may have Shorted after looking at the reaction when testing 4224.60

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

4224.60 is the Up side Resistance in Hrly chart.

This is pre concived Bias.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Logging off for 2 Hrs.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Asish, This is where i bring RSI into picture... charts told me of upcoming resistance at 4240/50... then i checked RSI which was nearly 80....
exit longs
or if 100% sure, go short

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

RSI may remain o/b for 15 Hrs,if you have seen live chart of IFCI or RNRL you could have understood.