Swing Trading for Nifty Futures

[kthakker0]

07/02/2012 Tuesday

Hi all,

Till now (10:20 am) today's NF open and high are same, could this be the first indication that the top has been capped for this rally?

Let the market show us more signs in the form of NF

• 
  Trading below 5352 for most part of the day

• Reaching our low level of 5312

• And if close is below 5312 then I will presume that bearish phase has started.

5391 is the stop loss for short sellers.

Happy Trading

 

[timepass]

I hope you will post your observations during rest of the session too, since both the upside and downside are looking uncertain

 

[kthakker0]

I hope you will post your observations during rest of the session too, since both the upside and downside are looking uncertain

Hi

Market always functions on two human traits, Greed and Fear and they know no boundaries, so it make's you feel uncertain, if you are in profit you greed for more and if you are at a loss you fear for more, and so in both the case you cannot form a boundary, can you?

If you can then you are certain else you are always uncertain.

I always try to ease the situation from my side as much as possible.

Happy Trading

 

[kthakker0]

07/02/2012 Tuesday

Hi all,

If today's close is below 5345, then it will be that NF will have closed below 2 previous day's closing price and the second thing that will be in sellers favor is that 5352 will have been violated, which is a hell of support.

If today's low is below 5332 then sellers will have an upper hand tomorrow.

Lets see what the market has in store for us.

Happy Trading

 

[kthakker0]

07/02/2012 Tuesday

Hi all,

From tomorrow as we all know we have 3 important turning day's which will decide the future trend, Feb 8-10

Tomorrow being the 1st important turning day the Open Price (OP) will be an important level to watch out for

5352 has now assumed Make or Break situation.

• If OP is below 5352 then the seller's are favored

• Price Opening below today's Close Price (CP) 5355 still favors sellers and puts more pressure once 5352 is breached

• Tomorrow's range is 5430 - 5352 with 5391 as a focal point, if NF trades below 5352 then it will be trading in a new lower range which is 5352 - 5274 here 5313 is not only the focal point but also a major support for the rally to keep going.

• Only close below 5312 will favor the sellers in taking NF till 5156

Other thing that can happen is, if OP is above today's close (5355), then 5352 will assumes utmost significance and will be difficult to break down.

Let's see who win's Bears or Bulls

Happy Trading

 

[kthakker0]

08/02/2012 Wednesday

Hi all,

OP (5366) suggest that some section of the market are still in control and does not want the market to trade below 5352 as of now, so rally is still on.

As we know today's range were in 5372, 5391, and 5411 are tough resistance going forward wherein 5391 is still the stop loss for sellers and 5352 is the stop loss for buyers.

When NF trades below 5345 it will be below previous 3 trading day's close price, which is just 20 points from today's OP, but it seems eternity for NF to trade below 5345

This time it's not the market that has something in store for us, but it's a power full section of market which is keeping the market afloat till now, other wise I cannot think of which retail client that is/are buying (I may be wrong)

So this time it's, lets see what this powerful section of the market has in store for us

Bye

 

[kthakker0]

08/02/2012 Wednesday

Hi all,

Till now NF is above 5352 and within our range of 5430 - 5352 and currently trading above 5390 shows that buyers are in command.

Now (I feel) sellers will only come after 5352 is broken down decisively

Info
I have learnt one thing for certain and that is "Market is always right and the Ultimate Boss" because it knows some thing which we traders are ignorant of, I have wasted two days to wait for the fall and it has not yet happened, so from now on I'll be more vigilant / aggressive in my trade(s) and will quickly square / change them the moment levels / stop loss are breached i.e. I'll ride the profit and cut my losses quickly. It is much more easy to be certain with small gains then to wait for things which brings uncertainty, I'll ease out my Fear / Greed as much as possible and be certain with small gains from now on.

I knew today is an imp turning day and OP (5366) is above yesterday's close (5355) and above 5352, in fact market had indicated by OP that rally is still favored, but I still hoped / waited for trend to turn, so this greed has cost me some loss even though, till then I was in profit, I had to use 5391 as my stop loss to cut my loss.


Bye

 

[kthakker0]

08/02/2012 Wednesday

Hi all,

NF has indeed traded in our forecasted range of 5430 - 5352

The loss which I had incurred is indeed covered as I was short in NF @ 5420 level and have covered the same @ 5365

Bye

 

[kthakker0]

08/02/2012 Wednesday

Hi all,

Human's want's dependence in a form of guarantee, a guarantee which can be relied upon every time, like a salaried person knows that he / she will get salary at the end of the month, a business man knows how much he can / will earn through his business.

But stock market is one place where many plunge in but only a few emerge victorious. Why? Because here most of us depend upon some one or the other for guidance. A guidance with out a guarantee.

Which I am afraid to say, we are very much use to depend upon.

Greed and Fear are side effects of tips / advice with out guarantee.

We fear before entering every trade, every Rupee lost is over come by grief and greed of recovering it next minute, hour, day, but profits are feared and are cut quickly.

I was suffering from the above side-effects due to an over sight by me.

My loss was due to an over sight in my calculation. My previous forecasted targets were 5318, 5335, 5352 and 5372

My other calculation showed that if NF goes above 5372 it will extend the existing range and I thought NF would never go above 5372, now this info slipped out from my mind even though NF traded above 5372 and I started assuming that a fall is eminent even though the range was extended and rally was still in the offering. I guess you only learn from your mistakes.

NF above 5372 showed a new target of 5470 which I missed out completely, so now we aim for 5470.

Tomorrow's ranges is same as today 5430 - 5352 with 5390 as a focal and support NF above 5430 could reach 5470 which is also the target and a resistance for now.

Tomorrow is the second important turning day, now NF trading above today's CP will favor rally which will be confirmed once 5425 is breached going forward and NF above 5430 should reach 5470, but if for some reason markets buckle below 5352 then selling will gain precedence.

Happy Trading

 

[kthakker0]

09/02/2012 Thursday

Hi all,

Today's official Low printed as 5304 is below our 5312 level where selling would be the call of the day and a confirmed signal that bear phase has started, because officially it has breached 5352 and 5313 both of which are strong support for rally.

The is a confusing signal, sentiments are in complete chaos, not knowing what to do with each passing minute / hour / day, I presume in this situation every one is in a fix, directionless state.

To top it all the target of 5469 is like a carrot attached to a stick (I don't think traders would be talking about 5469)

But today's official high will set the range for tomorrow if today's official Low 5305 is not breached.

Lets see what other trick does this market has in store.


Bye