Swing Trading for Nifty Futures

[kthakker0]

Swing Trading with Nifty Futures

I have come across a system which can forecasts price levels for almost every stock, derivatives, bullion, metals, FX and the likes.

I have just started using it and it has shown the following forecast for Nifty Futures (NF)

NF will reach between 4865-4905 and above 4905 its 4983-5060

I bought NF @ 4615 yesterday 2/1/2012 and am waiting for above mentioned targets.

NF has surprised me by showing it stamina today as it is near the 1st forecasted level.

Normally I would have booked my profits way too early but this is the 1st time I am riding for the above levels.

I want to see how far this forecast works and in what percentage terms?

And Lets Hope 2012 will be a Minting Year to all of us

Happy Trading

 

[raju_600005]

how come U bought at 4615? Can u share details of this system please

 

[kthakker0]

4/1/2012
I am still studying the system so I will not be able to share anything as of now.

Close above 4785-87 will take the bulls forwards to 4805 - 4885 area with some resistance between 4826-4845

Happy trading

 

[kthakker0]

4/1/2012


Trading Range for 5/1/2012 is between 4805 - 4727 Place a Stop Loss @ 4709

And as said Close above 4785-87 will see upper range of 4805 - 4885

Happy Trading

 

[kthakker0]

5/1/2012

As said 4785-87 is turning out to be a major resistance.

I have squared up my long Nifty Future position bought @ 4615

Tomorrow is an important day. If price Gaps Up above 4805 I'll be long again for the targets of 4883 - 4905.

For now its wait n watch

Happy Trading

 

[kthakker0]

6/1/2012

Today's Trading Range is between 4765 - 4720

Today we could go long between 4721 - 4709

For target of 4883 - 4905

Happy Trading

 

[kthakker0]

Mondays trading range is btwn 4748 - 4844 with 4826 being quite a resistance
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I did not make much profit today but at least I did not loose any money.

Market Double Edge Sword has slashed many juveniles today

But with today's working The Target 4883 - 4905 still Remains

Price did not Gap up today but leaped up from the Lows killing all who were short.

Close above 4785-87 will see 4883 - 4905

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Squared off my Long @ 4713

Probably today their wont be any much of activity

Waiting for 4685-88 as that's where I'll go Long again for target of 4885

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6/1/2012

I am long on Nifty @ 4700

Todays target 4766

Happy Trading

 

[kthakker0]

9/01/2012

Markets will be subdued today and tomorrow in relation to Dr Subramanian Swamy placing the certified documents in the court against Home Minister P Chidambaram in relation to the controversial 2G case.

If we don't see today's Close Price higher then Friday's i.e. 4772 then a reversal in price is eminent and it will be profound if market falls after Infosys results which is on 12/1/2012 Thursday.

The certified documents produced by Dr Swamy are so potent that they can lead to issuing summons to home Minister P Chidambaram which will result in (perhaps) a deadly blow to the ruling UPA as this time it will be one of the Core ministers of Congress who will be tainted and that too, too the extent of hiding information about two foreign companies which were black listed by Home Ministry to do business in India.

Allowing black listed companies to do business in India is putting India's Security in the hands of an enemy.

P Chidambaram was a Finance minister when the decision of transferring shares from Unitech to Etisalat of UAE and Swan to M/s Telenor of Norway was taken both Etisalat and Norway are black listed companies.

The hearing of argument of Dr Swamy v/s P Chidambaram is on 21/1/2012 Saturday and on 24/1/2012 we have a Credit Policy review.

So till then the punter's, trader's and the likes will be again facing a double edge sword.

It will not be Happy Trading as long as this bamboo in the name of PC obstructs the market.

Yes it can be Happy Trading for people who are traditionally shorting the market in every bad news and this is the BAAP of bad news.

I'll Say Happy Shorting after Infosys results cause if the market does not rise thereafter there are no Happy Triggers to go Long.

 

[kthakker0]

9/1/2012

It seems that 4785 - 4787 is getting difficult to break on the up side.

Today we need a Close above 4760 for hopes of rally to be intact for 4883 - 4905 level

If today's Close is below 4748 then tomorrow (10/1/2012) Nifty futures should trade most of the time between 4736 - 4707

Tomorrows 10/1/2012 range is between 4766 - 4688 with a downward bias.

Close below 4688 (although rare, but if happens then the trend will turn negative for good and breaking of 4531 will become a reality)

Happy Shorting.

 

[timepass]

NF Close = 4757, Nifty spot close = 4742. Now what does ur system say ?