Nifty Futures Trading

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here comes the MAIN level for today: SPOT 2923
hah nice ... Nifty respecting levels like anything !! No need to use a small filter even !!

Having nice scalping trades with thee levels...

3 levels i looked for todays trade ..

1)2962 (took it as short stop)
2)2931(1st took it as long stop)
3)2923 Spot(helped me average my long with that level as stop !!)


Nice .. Even in Dull session earned a bit.. though would have wanted to earn a lot more with this type of accuracy in charts ..

Anyways im very Happy with what i got :D !!
 

ThE HaMmEr

Well-Known Member
sunil hii...

previous low was 2932 in daily charts...todays low is 2926 ...

if nifty rebounds frm here...will this b called double bottom ???
 

Sunil

Well-Known Member
sunil hii...

previous low was 2932 in daily charts...todays low is 2926 ...

if nifty rebounds frm here...will this b called double bottom ???
Arnav,
A day before expiry, on expiry day & a day after expiry -
on these three days, in particular, I have found SPOT charts to be more reliable with respect to levels....
Dec Fut bhool jayo...

SPot pe aajayo

still holding 2923, as of now...

double bottoms are effective ONLY when they break their peak (ie 3110 in this case).... till then, they are just ATTEMPTS
 
Arnav,
A day before expiry, on expiry day & a day after expiry -
on these three days, in particular, I have found SPOT charts to be more reliable with respect to levels....
I guess the reason for that is that .. during the days there is a transformation going on between the Dec and Jan Futures and Spot Gives the charts support till Jan Futures Adjusts with the previous Charts ..


Hmm will keep this in mind from next time onwards ... thanks !
 
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