Nifty Futures Trading

[Sunil]

interestingly, OTM call options are already near HOD, even when FUT is not...!!!

 

[arnav_rulz]

20,000 sellers @ 4545 thus the strong resistance.....

I expect 50,000 Sellers @ 4550

Now all the 4500 Sellers jumped down to 4542 which is not being able to break now with 15000 sellers ..


hmm

 

[arnav_rulz]

4542, broken.... now 4545 should be taken too ...

 

[Sunil]

i know & hope patience pays...

now, nearly 4 hours & still 25-45

daddy, wake up

 

[arnav_rulz]

4550 broken... cheers !!

Jumped stop from 4519.95 to 4539.95 for 50% quant.

 

[rishig38]

i know & hope patience pays...

now, nearly 4 hours & still 25-45

daddy, wake up

since it has breached 4550 now, what is the next target??

 

[Sunil]

The key resistance levels (SPOT) to look forward to before 4600/4650:

4480 - as mentioned in prev post, this is the stop for the mini downtrend (LL LH) which we had since peak of last tuesday. Spot 4480 is the relevant LH, breaking of which will negate this LL LH attempt. FUT = 4494

4520-30 - Sort of a triple top formed in this band.
Date HOD
14/8 - 4530
2/9 - 4522
4/9 - 4515

4550 - the relevant 100DMA for today.

4580


I hope all these levels are not gobbled at open, so that some decent entry level can be taken by intraday traders.

The FUT levels: 4494 / 4538-44 / 4568 / 4589 / 4620

still not out of woods completely...

 

[arnav_rulz]

since it has breached 4550 now, what is the next target??

ill tell you the truth..... Im no technical Analysis expert, Actually i dont even have average knowledge about technicals, im just learning.

I rely on some of the levels mentioned here, and trade on trailing stop losses... thus no targets from my side

 

[Sunil]

obviously arnav, no TA can say FOR SURE about anything...
i feel TA is more about saying what is highly probable (the theory of probability/likeliness)

 

[Sunil]

infact, going by pure TA (which i read in some websites over weekend), all were saying retest of 4200, but all put a disclaimer on any positive outcome of NSG