Nifty Futures Trading

[love40m]

hi 2 all
what about jan's nifty closing?

 

[dhavalj]

I think there is an inv. H&S pattern forming (right S started) from 12th Jan with slanted neckline around 2860-70 (sorry, measurements are not accurate), break of which gives target of about 3020. Others plz confirm. Sunilbhai, I had posted earlier message in your mechanical trading thread which has been held for moderator approval. There my preferred target was 2924 followed by 3027. But I later observed the above possibility.
Just to keep a balanced perspective for the bearish view, the same neckline might act as a resistance

 

[Sunil]

Initial plans for tomorrow's intraday movement

 

[Sunil]

Minor support at SPOT 2740-37 (corresponding FUT = 2715)

Level which MAY seek some respect today is the intraday double bottom at SPOT 2714-11 (FUT 2690)

Recorded LODs = SPOT 2702 / FUT 2677

 

[dhavalj]

looks like my bullish hopes documented yday might go for a toss :-( learning to be on my toes and bringing in a more balanced approach..

 

[Sunil]

I think there is an inv. H&S pattern forming (right S started) from 12th Jan with slanted neckline around 2860-70 (sorry, measurements are not accurate), break of which gives target of about 3020. Others plz confirm. Sunilbhai, I had posted earlier message in your mechanical trading thread which has been held for moderator approval. There my preferred target was 2924 followed by 3027. But I later observed the above possibility.
Just to keep a balanced perspective for the bearish view, the same neckline might act as a resistance

I have discussed this with L2T before too...
it's very difficult for me to "judge" & trade a H&S or I_H&S pattern with a diagonal neckline. (my weakness)
I am more comfortable with the ones with horizontal neckline, like the one pointed out by New2sm today... atleast one can make out & compare the height of two shoulders to determine correctness. Also, BO level + target is also clear.

I cannot actually comment accurately w/o having a look at your chart, but if we both had sensed the same thing, then look out for your right shoulder's low. Ideally, it should not close above that low today.
My right shoulder's low was at y'day's low=spot 2758


PS: I did not understand your post about moderator approval in mechanical thread.
I have never faced this problem; try repeating again what you were doing, and see what happens

 

[MARKETBHAVISHYA]

Namaskar dosto.yaha par aur koi nahi hain kya?sirf sunilbhai aur dhavalbhai hi baat kar rahen hain.today positive closing ayega kya sunilji?

 

[Sunil]

seems funny but i have read & seen this many times
MARKET DOES NOT ALWAYS FOLLOW THE GENERAL CONSENSUS

Even small kids knew what is below 2700; but market is proving to be a big teaser.

That "minor" support actually not just closed the gap down, but is also attempting y'day's top line of rectangle SPOT 2780!!!

 

[Sunil]

Namaskar dosto.yaha par aur koi nahi hain kya?sirf sunilbhai aur dhavalbhai hi baat kar rahen hain.today positive closing ayega kya sunilji?

Since this thread's mentor is occupied with some personal work, this thread has lost its charm...
Aksar main yahaan par akele khud se baat karta hoon...
yeh week iss bimari ka treatment khatam ho jayega.

BTW, you must be knowing more about market's bhavishya

 

[MARKETBHAVISHYA]

Since this thread's mentor is occupied with some personal work, this thread has lost its charm...
Aksar main yahaan par akele khud se baat karta hoon...
yeh week iss bimari ka treatment khatam ho jayega.

BTW, you must be knowing more about market's bhavishya

haaahaa.nahi sunilji.maine ek site dekhi thi isi naam ki.tho socha wahi laga deta hun.haha.lekin yaha par bahut badi badi baate kare jatee hain.mujhe samaj me nahin aata.kya karu?