Nifty Futures Trading

[Czar]

learn 2: it really does not matter what news will come or has come, charts never lie... listening to news & views confuses you...

 

[learn2trade08]

its been a while since i stopped watching business channels...

learn 2: it really does not matter what news will come or has come, charts never lie... listening to news & views confuses you...

 

[Sunil]

The problem in watching TV Channels is,that after RBI policy everyone was predicting Fall,Mkt may go for a toss anytime who knows,but if our chart does'nt say so we will be better served not to heed their advise.

but da, market had fallen so much after news...
and if last night, dow would not have a dbl century, would this big rally be possible today even beyond yesterday HOD???

anyways, things will be clear near 4330 gap resistance... let's see...

i am just worried abt some of my friends here who are adding on to shorts...

one thing is clear - our mindset in early morning was for shorting near HOD, but it's just forming HH, HL and going strong

 

[new2sm]

Spot needs to break 4295(R1) decisively for next upmove.

 

[mitasatyajit]

My 4200 PE positions are in ICU upto next 25 min, if 4303 - 4306 crossed, patiants will die. Otherwise they will get life.

 

[myvineet]

but da, market had fallen so much after news...
and if last night, dow would not have a dbl century, would this big rally be possible today even beyond yesterday HOD???

anyways, things will be clear near 4330 gap resistance... let's see...

i am just worried abt some of my friends here who are adding on to shorts...

one thing is clear - our mindset in early morning was for shorting near HOD, but it's just forming HH, HL and going strong

but sometime charts tells news before it came....yesterday Nf broke LOD before news came & asish da is short before news came ....

 

[learn2trade08]

my basis for shorts...
hope it works..

 

[Saint]

learn 2: it really does not matter what news will come or has come, charts never lie... listening to news & views confuses you...

Well said,Czar!

Saint

 

[Czar]

but da, market had fallen so much after news...
and if last night, dow would not have a dbl century, would this big rally be possible today even beyond yesterday HOD???

anyways, things will be clear near 4330 gap resistance... let's see...

i am just worried abt some of my friends here who are adding on to shorts...

one thing is clear - our mindset in early morning was for shorting near HOD, but it's just forming HH, HL and going strong

not true, market had run up to critical trendline & pulled back from there, 1/2 hour divergence were there on the top & now given a standard 50% retracement, dow is what we would believe but which ever way we would have come up...

 

[Sunil]

i would just say that the last 2 expiries were proven to be mirages - a set up to enter shorts at higher levels for new series.

now, today it is holding above 4250 level (38.2% retracement level). If even till tomorrow, this level is held till closing, then resumption of bull rally is nearly confirmed.

BUT, IF FRIDAY ONWARDS, IT STARTS GOING DOWN AGAIN TO TEST 4150/4100 LEVELS, THEN IT WILL BE CONFIRMED that all this was bull traps set up by bear covering.

i know i should not get hyper abt this, but i just wanted to make others aware of this expiry game.