Nifty : Real time discussions...!

[vinodkiyer]

Saint Sirs gap trading system suggests:

entry only above a visual pivot for longs, entry below even a minor pivot or agressive pivot for short,

sl hit 5482

 

[vinodkiyer]

shorted at 5476 sl 5489

 

[galrani]

short NF 5479 SL 5490 Tgt 5450

 

[trader.trends]

Every NF series of the last five years, has gone a minimum of 150 points on one side from its open figure before expiry. The current series opened at 5480 on 29 July. It means either 5630 will get touched or 5330 before expiry.. After two days of trading it is again near open. Is there a way to trade profitably knowing this?

 

[rasasen]

tgt 5550 or 5450?

 

[galrani]

Added shorts at 5472 SL shifted to 5485 Tgt still 5450

short NF 5479 SL 5490 Tgt 5550

 

[vinodkiyer]

Every NF series of the last five years, has gone a minimum of 150 points on one side from its open figure before expiry. The current series opened at 5480 on 29 July. It means either 5630 will get touched or 5330 before expiry.. After two days of trading it is again near open. Is there a way to trade profitably knowing this?

use point and figure chart on daily TF or use stoch RSI on daily TF and optimize parameters (lookback)

 

[galrani]

tgt 5550 or 5450?

Sorry for the typo...target is 5450.

 

[galrani]

Nifty spot is tradinf near 5460.
Low on 29th was 5454. if it trades below 5454 for 2-3 mins then we can go short further. First target is 5420 and then even 5350 looks possible

 

[vinodkiyer]

trail sl now 5479