Nifty Futures Trading

[musicjunkie]

Thank you Tsunil for taking the time to explain,
*yawn* very sleepy as of now, will read, calculate and compare with your previous posts first thing in the morning.
Thanks Again
MJ--

 

[Sunil]

it seems the bull run is for real (atleast for dow, thus maybe for global mkts)

F I V E good news:

1. Oil cooling down more
2. President Bush signs Housing bill to provide much-needed Mortgage relief
3. Latest US Job data shows more employment (less unemployment)
4. Fed extends emergency loan program for wall street
5. Govt. announces quaterly borrowings to handle deficits

chappad phaad ke

atleast double century should be expected after this pour of news

isko bolte hain:
"sau sonar ki, ek lohar ki"
[impact of 100 strikes by a goldsmith is equaled by one strike by a blacksmith]

one negative news more than washed away the bullishness of above 5 news

bear rajya hain, bhai....!!!

 

[Sunil]

KEY SPOT SUPPORT LEVELS FOR TODAY

(coincidentally, it's a 30 pt step today)
(because of "inside-day" trading yesterday, levels are mostly the same)

4315 - this level will always be there in the picture. TODAY IT'S THE PIVOTAL LEVEL. Noticed one thing about this level; most of the times, it is broken/surpassed strongly only by gap-opens. Now, unless this level is crossed, it will mostly be a sell-on-rise situation.

4285 - Bearish Pivot; Bears get strength below this level. An obvious short below this level.S1 for today.

4255-60 - S2 for today. An important Fibonacci retracement level, which will again be tested today so soon. (not good signs for bulls, if broken easily)

4240 - "goalkeeper" for bulls. A close below this level 1st target for shorts.

[4225-15 - Supposedly, a strong support / root of the current bull rally (which I hope, is not a mirage of expiry). If this level breaks, mirage is exposed. A recovery may be possible here, but will it more than just short-covering??? Watch out for global cues & weekend factor.

 

[SharpShooter]

Are these NF levels or NS?

 

[RakeshG]

Hi Sunil ..Thanks for the levels..can you please write in simple words the trade entry/ Tgts/ SLs for short trades using ur Pivot Levels..for immature traders like me to benefit thx a ton

 

[pakatil]

SGX Nifty @ 4250

 

[kapil123]

Are these NF levels or NS?

The levels given by Sunil are Spot Levels

Cheers
Kapil

 

[kapil123]

Hi Sunil ..Thanks for the levels..can you please write in simple words the trade entry/ Tgts/ SLs for short trades using ur Pivot Levels..for immature traders like me to benefit thx a ton

Dear Rakesh,

I would recommend you going through this thread, Saint's thread "Teach a man to fish.." to start with. You will then understand the logic that the traders here apply for their trades.

In addition to this, there are many threads like nifty mechanical trading where you can get the levels at which to enter the market (short or long side.).

Cheers,
Kapil

 

[uasish]

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This is Nifty Fut 10 mins chart,i once again try to convey ,it is always there in the chart,it is our inability to find it.
Let us not fall into a Trap of making a Habit of taking directional cue from anywhere else than the chart.
There is a Technical term known as Correlation,(plz google it),it is not nessacary that every time we will succeed in taking cue from elsewhere.When the Correlation turns opposite i will loose money.

In the chart starting from 30th's 2.40 bar Mkt is being resisted at the 'Lakshman Rekha';so from 30th the chart is telling us that i am being resisted.

 

[praveen taneja]

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This is Nifty Fut 10 mins chart,i once again try to convey ,it is always there in the chart,it is our inability to find it.
Let us not fall into a Trap of making a Habit of taking directional cue from anywhere else than the chart.
There is a Technical term known as Correlation,(plz google it),it is not nessacary that every time we will succeed in taking cue from elsewhere.When the Correlation turns opposite i will loose money.

ohh u mean from here nifty will move opposite side or ???????????/// pls make ur self more clear sorry to bother u