Swing Trading for Nifty Futures

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kthakker0

Well-Known Member
09/02/2012 Thursday

Hi all,

Today's Official Low been 5305 and

  • High not above 5402 will see tomorrow's range btwn 5391-5313 focal will be 5352 and strong resistance @ 5381
  • High btwn 5403-5437 will see tomorrow's range btwn 5430-5274 focal will be 5352 and strong resistance @ 5410
  • High above 5438 will see tomorrow's range btwn 5469-5313 focal will be 5391 and strong resistance @ 5450

Derive your own possibilities for tomorrow and trade accordingly.

Bye
 

kthakker0

Well-Known Member
09/02/2012 Thursday

Ya Man!! What a Day...
There's a saying "Stitch in time saves Nine"

Knowing my oversight in time helped me not only to cut my losses quickly but also profit from it when the sentiments were in chaos

Today my calculations have won, saving my day.


Those who read my thread(s) knows what to expect from the market even if the market say's some thing else.

Bye
 

kthakker0

Well-Known Member
09/02/2012 Thursday

Hi all,

Tomorrow's High above 5470 could be the last high before markets starts it's bear phase, this is evident from today's Low of 5305 which shows that mercy is out-of-stock

Above 5470 NF could reach 5535 which could be the last high before any fall should start. I am not sure weather 5535 could be reached or not but that's the resistance and also a gap which needs to be filled.

Bye
 

kthakker0

Well-Known Member
10/02/2012 Friday

Hi all,

Today's Open (5425) is below CP (5437) which indicates that rally could be loosing steam.

Today is the last important turning day and IIP numbers are also to be announced.

Market could be volatile after IIP numbers are announced.

5425
NF trading below 5425 will indicate that rally is loosing steam in small quantities

If today's Close is below 5388 it will signal that fall is eminent, but if today's close is above 5388 then rally still has some steam left in it.



Bye
 
Last edited:

kthakker0

Well-Known Member
10/02/2012 Friday

Hi all,

The following are the negative incidents of today

  • OP was lower then CP
  • NF did not reach 5469
  • NF found considerable resistance before 5450
  • NF traded below it's OP 5425 during most part of the day
  • NF broke below 5391
  • NF touched 5350 (It broke 5352 support, indicating traders are piling up shorts)

As indicated previously, if today close is below 5388 (5391) will signal a fall any time soon.
 

kthakker0

Well-Known Member
10/02/2012 Friday

Hi all,

Monday's range is between 5430 - 5352 focal is 5391

5362 is an important level for Monday
NF trading below 5362 signals intraday fall and you know the other part.

15:30 LTP is 5388 let's see what the official close is, rest is known by you guys.

Bye
 
Dear KT
if you are watching weekly trend as well you might have seen
very good spinning dogi brother,
I think it is time for trend reversal.....
Close below 5332 will drag NF towards 5214 very soon
and above 5451 will push to 5600...
70/30 chances for 5214...
Happy Trading Ahead,
Darshan
 
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