Nifty Key levels for day traders

[findvikas]

First hit of 4925-4936, retracement back to 4888 and if that is not able to hold markets there then 4775 by tomorrow... we have Jobless claims in US today and surprisingly enough just one day before that (yesterday) US completed bullish wave which calls for a correction all the way to 1040 in S&P 500..... that is just my calculation so plz do not bet on it

 

[sumitdasjoshi]

Do you also have short posistion in nifty
vikas

 

[findvikas]

couple of them
Nifty Short of Feb and Long of April...
4900PE long & 4900CE long
4800PE long

 

[findvikas]

tried 3 times to scare the weaker hands by almost touching 4888 which happen to be a nullify level for the wave to go up till 4925

 

[sumitdasjoshi]

Hey vikas which softwear you are using invest bulls or i chart and which is good and cheap.

 

[findvikas]

ichart as it has less over head

 

[findvikas]

trade is risky now as we are back in sweet zone... lets see I am keeping a final stop to 4878

 

[sachinsamani]

linkon,

Have u started trading in stocks? i have shorted Reliance and Maruti and tgt done. I'm sure u know the reason why i picked these two stocks.

Sachin

 

[linkon7]

Today, we need to close above 4902. A close below that is a signal (GB100) to go short, break of the trendline on cci is the confirmation...

keeping fingers crossed...

 

[linkon7]

linkon,

Have u started trading in stocks? i have shorted Reliance and Maruti and tgt done. I'm sure u know the reason why i picked these two stocks.

Sachin

havn't started with stocks yet... plan to start off from april... till then, still formulating the strategy... Back test results are good so far....forward testing them now on paper....