Nifty Futures Trading

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renu daga

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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.

well i dont think so by todays move that we are in bear trap
just see yesterdays candle,,,and rgt now we are above that,,,,a big white candle,,,
and i think we had made yesterday amount ful of correction both on intraday / eod basis,,,and if we close high today we are in medium term pos,,, staring from 3870 levels

note we have made exact amount of retracement ,, thus i hope we will eb egtting ..high / lows for new term

renu
 
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