Nifty Futures Trading

[Saint]

what looks like free fall on the 5 is nothing but the 60 resuming its dntrend from an area of resistance...

Moving stops to breakeven.

Saint

 

[uasish]

Due to Lunch missed this oppurtunity,Gr8 move.

 

[Sunil]

approaching the "nagging" 4110-15 SPOT

somebody had questioned me how do i trade by referring to SPOT charts...

I had replied that I refer to both SPOT & FUT charts, but I pay more attention to SPOT charts, as FUT is all about market sentiments/speculation refelcting in its discount/premium pts, which increase/decrease throughout the day as per the prevailing sentiments...

But SPOT is 90% of the times consistent with its chartically-known support & resistance levels...

Also, SPOT tick chart has less spiky movements (volatility) than FUT... so impotant levels are easily seen to the naked eye...

So, in short, I trade in FUT but i refer the SPOT chart too for confirming the move...

 

[milkyblack]

what looks like free fall on the 5 is nothing but the 60 resuming its dntrend from an area of resistance...

Moving stops to breakeven.

Saint

And making lower pivot high on 60 min

Regards

 

[Saint]

And making lower pivot high on 60 min

Regards

yes,MB....

Saint

 

[milkyblack]

Saint,

According to you not to take a long trade on the 5 min when the 60/30 in DT... so I was very much reluctant to go long on NF ... though 5 min gave so many buying opp... but saw your trades on the long side too... so is it ok to take long calls also... once the trading chart gives a clear buy (i.e once it starts to trend) though the reference chart is not in buy mode...

Regards

 

[lalpar]

coverd final lot at 4044 could not resist..gain 50 points today

 

[Sunil]

yes,MB....

Saint

Sir,
firstly, a confession - i dont use any technical analysis software... but i am impressed by your 60 min theory as mentioned in the kokatta meet video.

I just wanted to know:

1. which software you use?
2. the 60 min chart starts from which period - over a week/month/quarter?

 

[milkyblack]

This 4030 is acting as a support now

Regards

 

[milkyblack]

Now the Sharekhan has given a Short call on Nifty for a tgt of 3990...
Time to make the SL strict for the shorts

Regards