Nifty Futures Trading

[MurAtt]

From a Blog I follow : TATA COMM is within a rising trend, which indicates a continued growth. It also gave positive signal from a inverse head and shoulders formation at the break up through the resistance at 526. Further rise to 831 or more is signaled. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has marginally broken up through the resistance at rupee 537. An established break predicts a further rise. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.

 

[Sunil]

Interesting pattern -
joining the TL of yest's LOD & Low till now...(though, not that much comfortable with TLs)

The rt shoulder is obviously complete

 

[MurAtt]

Yes that too and today on 2min NF, I HnS complete except that it is slanting and that too downwards -- 20 pts for the taking, taking us to 4860 on NF ---

Big test today and major gains for ppl holding overnight and in the right directions

 

[Sunil]

Surprisingly, u & rinku are spotting H&S, while I am spotting only abt Inv H&S if u take 5min chart from yesterday...

 

[MurAtt]

I-HnS -- maybe my way of writing I HnS was wrong or confusing --

 

[MurAtt]

And I'm pretty bullish today JUST because of a SINGLE point ---
the 5th time it always manages to cross

Joint TL on all the times it has tried to cross 4670-90 regions --- today and this time it is the 5th attempt

 

[MurAtt]

Sunil Sir, can u pls confirm -- a HnS on CNX-IT on 5min -- HnS confirmed but b/down not happening nor negation happening.
Formed over the last 4 days.
Thanks in adv.

 

[arnav_rulz]

Markets Looking to finally cross that 4700 mark and head towards 4800 ??

Are we finally going to 4750 today ? I wont know.. im going for my last exam ! yay !!

But im long @ 4643(after it filled the intraday gap) with 4608 as stop (risk of 35 points :O)

With me luck for both nifty and Exam ! Plz take care of the market murtaza bhai

 

[rithikesh]

Sunilji.
This is off topic.
In this thread, http://www. tj .com/day-trading/29655-trading-strategy-12thjune-2009-a.html, I read your reply.

Select "Squeeze" scrips (NR4/7):

DLF
Suzlon
Nifty Future

Just wanted to know what is NR4/7. In which thread, can I learn more about it.
-ritesh

 

[myvineet]

Sunilji.

Just wanted to know what is NR4/7. In which thread, can I learn more about it.
-ritesh

NR4Days = Narrowest range of the past four days
NR7 Days = Narrowest range of the past seven days