Nifty Futures Trading

[learn2trade08]

darn it.....went to 4394.50....anyways closed position at 4399...
done for the day...
thanks

triggered again.....same stops targets at 4394..
thanks

 

[vishveshchauhan]

Volatility is the first sign of change in trend, so on shorter time frame trend has change to down from up with reversal of 4447

 

[Sunil]

we have a double top & a double bottom in today's intraday charts....

breakout on either side with volumes will set the trend for tomorrow...

but still, strong support in 4315-4330 band

 

[Sunil]

and from this 4400, 60:40 chance (i feel) for 4500 & 4300

 

[lalpar]

nifty holding on to 4392 levels...No Free Fall expected !!

 

[learn2trade08]

sir,
but where is the double bottom..can u kindly guide me please,i fail to see a double bottom..
thanks

we have a double top & a double bottom in today's intraday charts....

breakout on either side with volumes will set the trend for tomorrow...

but still, strong support in 4315-4330 band

 

[lalpar]

Its a good game...45 points for day..

 

[Sunil]

sir,
but where is the double bottom..can u kindly guide me please,i fail to see a double bottom..
thanks

around 4365....

 

[Sunil]

st fut 66//nifty showing double bottom..

teh eralier move from 35 was just to trap...seems..!!

renu

the dbl bottom (W - shape) was the reason for longs at 4375 level....
its clear in SPOT chart

 

[kapil123]

sir,
but where is the double bottom..can u kindly guide me please,i fail to see a double bottom..
thanks

Check the 5 minute candle at 12.14 and 12.49 for Nifty Spot. The low is 4363.50 on both the candles.

Cheers,
Kapil