Nifty Futures Trading

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

shall i carry shorts

spot is now 4020...
good, decent support at 4000...

square off today, and tomorrow if conditions are still bearish, you may get to short at higher levels....

(unless of course, if u had shorted at 4100 spot)

 

[nagendra_gb]

Re: Time to Stick my Neck Out ,Nifty 7300

Thanks Sunil for your honest reply.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY SPOT LEVELS FOR TODAY'S TRADING


SUPPORTS:

3990-4000 - S1 for today. Crossing this level on Friday had caused a spurt in SPOT to open gap up yesterday.

3975 - An important HL of thursday-friday's relief rally. Should hold for today to provide any hope for bulls. If conditions are not that negative at opening, then one may go long at this level with SL 3950

3950 - S2 for today. It would be very bearish if this level breaks in the initial hour of trading. The back of the relief rally.

3930 - Another HL of last week's relief rally

3900 - The all-important root of the relief rally. Only very bad/negative local conditions/news can break this level today. Again a level to go long with SL 3875.
If this also breaks, then the recent low of 3850 would be tested.


RESISTANCES

4040

4060-65 - The S1 of yesterday and my pivotal point for today, break of which led to the vertical fall of the market in the last hour. Bulls need to break this for initial ray of light.

4090 - R1 for today and yesterday's tug-of-war line between bulls & bears.

4115 - 2day/3day/5day swings, all give long call if spot can close above this level. It has become that important now.
It's break with volumes can cause a spurt to 4150, which is also R2 for today



Have a Profitable trading day!

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

As they say, "for safe driving, keep left"

so,

"For safe trading today. keep an eye on Left"

;-)



[to be taken in jest, as seniors say, keep eye on charts only]

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

hey new2sm,
u have S3 (SPOT) for today, please...???

 

[new2sm]

Re: Time to Stick my Neck Out ,Nifty 7300

S3 for spot is 3823.83
Fut is 3767.8

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

some sign of recovery

HLs of spot:
3896 - 3906 - 3916

10pts step

 

[SavantGarde]

Re: Time to Stick my Neck Out ,Nifty 7300

Short NF Between 3875-3880
Target 3810
S/L 3892

SavantGarde

 

[akpinku]

Re: Time to Stick my Neck Out ,Nifty 7300

Asish Da, what is your trade or recommendation

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

resistance levels:
SPOT 3930
FUT 3875