Nifty Futures Trading

[Sunil]

reqd - 269

achieved - 275

SINGH REMAINS THE KINNNG

 

[Czar]

If political money has come in... and if the technicals reflect everything then is it that the govt is going to get the majority?

Regards

so it did !!!

 

[milkyblack]

so it did !!!

Regards

 

[Sunil]

the pivotal levels for wednesday's trading are co-incidentally the same key levels which I have been posting throughout today's trading session:

Pivot - 4215
R1 - 4300
R2 - 4350

I'll be most interested to see whether SPOT slices through 4315-4350 gap resistance easily like a hot knife through butter... or whether some cooling/profit booking takes place over there...

(just as a student of nifty spot wave moments & an avid level watcher)

 

[rajaram.dilipkumar]

no rajaram, I'am sure lot of political money came in the last 1/2 hour in n.f.... take a guess which side is it on...

czar u r right i just came back from bar to see the developments but who cares the technicals gave a buy signal yesterday and i bought calls ...but today i bought puts because the system i follow asked me to do so. Tomorrow i might lose or i might win but i dont care as long as i follow my system...

 

[deb99891]

no position in the market is also a good trading position
subjective view
n this is not a copy paste

 

[Sunil]

the pivotal levels for wednesday's trading are co-incidentally the same key levels which I have been posting throughout today's trading session:

Pivot - 4215
R1 - 4300
R2 - 4350

I'll be most interested to see whether SPOT slices through 4315-4350 gap resistance easily like a hot knife through butter... or whether some cooling/profit booking takes place over there...

(just as a student of nifty spot wave moments & an avid level watcher)

forget 4350...

SGX NIFTY is knocking on the doors of 4500 (50DMA)...

I love bear rallies... either u r in it riding, or u r out thinking/waiting...
that's the speed & momentum in bear market...
right Asish sir (jesse sir)

 

[Sunil]

50 DMA is around 4450 SPOT...

entering longs at such higher levels is not advisable, as after a 600 pt non-stop rally (15%), profit-booking is imminent...
it may be a classic situation of buy-on-rumours, sell-on-news

but yes, going long at lower chartical supports is the norm for short term...

SPOT 4215-4200-4185 (the previous HLs) are critical support areas which should hold, after today's gap up opening, with minor support at 4240 (prev close).

 

[Sunil]

so, 50DMA 4450 is the key level to cross now, HOD as of now

 

[Sunil]

and below 4400 can target 4350...