Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

uh oh...

Singapore nifty fut is down 123 pts...
corresponding to the "back of bulls" 4190/4200 SPOT...

 

[Ank!t007]

Re: Time to Stick my Neck Out ,Nifty 7300

SGX CNX Nifty is trading at 4125 .

Ankit

EDIT : tsunil4u posted faster than me !

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

come on ankit,
we are all here not for race....
;-)

BUT FOR GROWING & PROSPERING TOGETHER....

(sometimes, i really think this should be the tagline for TRADERJI.COM)

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

i did some research on this 70 pt discount in JULY FUT...

around 12-15 points is for accounting dividends by bluechip cos.

so today, i feel the only way this gap can come down to comfy level of 35-40 points, is by the gap down open.... SPOT will lose more pts than JULY FUT at open... (my logic may be wrong)

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

Watch for 4199 which is S1 for Fut.

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

OMG, broke S1 & S2. S3 is 4074

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

i did some research on this 70 pt discount in JULY FUT...

around 12-15 points is for accounting dividends by bluechip cos.

so today, i feel the only way this gap can come down to comfy level of 35-40 points, is by the gap down open.... SPOT will lose more pts than JULY FUT at open... (my logic may be wrong)

GOOD NEWS: JULY FUT discount reduced to comfortable levels from 70 to around 35

BAD NEWS: "Back of bulls" broke so easily.... come to think of it, where were the bulls, in the first place?... it was only the bears which were short-covering & rolling...

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

Sunil, reduced Disc. coud also mean now they have more scope of adding more shorts.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Sunil, reduced Disc. coud also mean now they have more scope of adding more shorts.

BINGO!!!

but comfortable shorting at higher levels... maybe near 4195/4200 (WHICH IS NOW RESISTANCE)

keep one eye on inflation nos. at around 11:45...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

trading strategy...

scalp on upmoves...
and at highter level/ 4195/4200.... short with normal qty... SL 4215 SPOT