Nifty Futures Trading

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new2sm

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Re: Time to Stick my Neck Out ,Nifty 7300

what a yawn day. aare bhai girana hai to girao, nahi girana hai to badhao, itna natak kyu?
 
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Sunil

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY SPOT SUPPORTS FOR TODAY'S TRADING:

4150 (nearly the low of yesterday)
4130 (S1 for today)
(all these might be broken at opening itself)

4110/4100
4085
4070 (S2 for today)

We are already in oversold conditions....
If , after initial knee-jerk reactions, SPOT is able to hold 4100/4080 level, then it may gaive a dead cat bounce till 4190/95 (yesterday's close) to close the gap down opening....
The bounce may not even last beyond 4150 (the first support i have mentioned & the low of yesterday), if even global markets are bleeding

if short rollovers to july still continue, then 4250-4280 may be tested...
 

Sunil

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

Let's see the global markets..

Hong Kong will end in green +0.5%

Europe is smartly up... +1%

Dow yesterday tested an important long term support at 11750...
Dow Futs now +39


LOCAL ISSUES..
Left_UPA meet on nuclear issue
Expiry day tomorrow...
 

Sunil

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

$%^&**

if SPOT is playing tennis between 4194 & 4230, then now i'll take small risk and buy small qty near 4194
 
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