Nifty Futures Trading

[Sunil]

RBI POLICY TOMORROW - DAY OF SUSPENSION BETWEEN WEDNESDAY'S GAP UP & FRIDAY'S GAP DOWN...
(both gaps will provide respective support & resistance... let's see which gap fills up first... though, due to unfortunate incidents of our country along with lurking RBI policy, high chances of the (lower) gapup being filled first)

The gap support is at 4260-40 (SPOT) Ideally, this should act as a strong support today, for the health of the bullish rally of the last week.
Below 4240 ----> 4215/4200

4250 is the bearish pivot for today... as long as SPOT sustains below this, it will be a sell on rallies strategy.
4285 (thurday's low & friday's near high) is the bullish pivot - if spot sustains above this, then we can expect the gap-down band of 4400-4430 to be filled.

In summary,

4200/15 - 4260/40 - 4315 - 4350 - 4385 - 4400/30

 

[Sunil]

(attempting for FUT)

sell below 4320/10 for 4280 - 4260 - 4250

if even 4245 breaks, then 4220/10

buy at 4215/10, SL 4190 for some reversal

 

[columbus]

"CONGRESS KA HAATH, NIFTY KE SAATH"

Have close look at HAATH. 2007 coincides with Middle finger.Now we are on Index finger.The next one is THUMB.It shivers my body !!!!

 

[praveen taneja]

RBI POLICY TOMORROW - DAY OF SUSPENSION BETWEEN WEDNESDAY'S GAP UP & FRIDAY'S GAP DOWN...
(both gaps will provide respective support & resistance... let's see which gap fills up first... though, due to unfortunate incidents of our country along with lurking RBI policy, high chances of the (lower) gapup being filled first)

The gap support is at 4260-40 (SPOT) Ideally, this should act as a strong support today, for the health of the bullish rally of the last week.
Below 4240 ----> 4215/4200

4250 is the bearish pivot for today... as long as SPOT sustains below this, it will be a sell on rallies strategy.
4285 (thurday's low & friday's near high) is the bullish pivot - if spot sustains above this, then we can expect the gap-down band of 4400-4430 to be filled.

In summary,

4200/15 - 4260/40 - 4315 - 4350 - 4385 - 4400/30

thnk u very much for the vital information god bless u

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

CORRECTIONS IN A BEAR MARKET (NIFTY):

PEAK YEAR BOTTOM YEAR PEAK VALUE BOTTOM VALUE Value of Fall FALL % Period of Correction

APR 1992 APR 1993 1281 600 681 53% 12 Months
FEB 2000 SEP 2001 1818 850 968 53% 20 Months
JAN 2008 So Far 6357 3848 2509 39% 6 Months



Just for statistical knowledge, 53% fall from 6357 (jan 08) = 2990

Pakatil, Columbus...
this may "cool" your nerves...!!!

chill out, let's take every day & every level as it comes...
for the time being, dont take this 3800-4500 rally lightly... it may turn out to be a good bottom area, which may be tested again but not be broken easily...

 

[Sunil]

RBI POLICY TOMORROW - DAY OF SUSPENSION BETWEEN WEDNESDAY'S GAP UP & FRIDAY'S GAP DOWN...
(both gaps will provide respective support & resistance... let's see which gap fills up first... though, due to unfortunate incidents of our country along with lurking RBI policy, high chances of the (lower) gapup being filled first)

The gap support is at 4260-40 (SPOT) Ideally, this should act as a strong support today, for the health of the bullish rally of the last week.
Below 4240 ----> 4215/4200

4250 is the bearish pivot for today... as long as SPOT sustains below this, it will be a sell on rallies strategy.
4285 (thurday's low & friday's near high) is the bullish pivot - if spot sustains above this, then we can expect the gap-down band of 4400-4430 to be filled.

In summary,

4200/15 - 4260/40 - 4315 - 4350 - 4385 - 4400/30

MAJOR MISTAKE - SINCERE APLOGIES...

THE BEARISH PIVOT IS 4350 (not 4250)
Bullish Pivot is 4385 (not 4285)

 

[Sunil]

SPOT & FUT both finding tough to cross 4350

 

[NJ:)]

I HAD A LONG POSITION @4350

I have cut long.......got short@4330.........

 

[mitasatyajit]

Nifty spot in Hourly.

 

[Sunil]

Nifty spot in Hourly.

yes sir, you r right... even i was observing that downward trendline

and the stop for this downtrend is abt 4385 (my bullish pivot for today)
right?