Swing Trading for Nifty Futures

[kthakker0]

14/02/2012 Tuesday

Hi all,

Today NF did not go below 5395 which is also a potent support for rally so NF not breaching our sentiment level of 5372 indicated that price will be supported at higher level, which has became a reality.

Tomorrow's range is 5469-5391 sentiment indicator is 5430

Now I understood why 5391 was such a potent support, NF trading above 5391 kept the rally intact for our long awaited target of 5469 which tomorrow could become a reality (for which even I had given up hope)

There are two unclosed gaps @ 5466 and 5533. People who are interested in technical study will know what gaps are.

In fact person's who study charts will know that a gap dated 15/05/2009 is kept open @ 3685. This gap will be closed, perhaps this may happen in 2014 when we go in for Lok Sabha Elections

For those who follow Elliot Waves, this is Wave 3, whose Fibonacci level of 3.23 is @ 5464 and 3.382 is 5505 both of which corresponds the above gaps and one of the gaps is near our target of 5469.

We all know "Market is always right", still people think other wise and get entangled in hope and despair I some times become one of them. But every little info makes us more confident to take stride in this Market, which has an unwritten Law "Always out of Mercy"

Bye

 

[kthakker0]

15/02/2012 Wednesday

Hi all,

So after all the side ways movement NF did not only reach the target of 5469 but opened (5481) above it

The new range is 5547-5469 here we have intra day resistance at 5508 and 5533 is a gap to be closed and going forward 5547 is a strong resistance

If for some reason we did manage to close above 5547 then the new target will be 5625

Bye

 

[sudris]

is the gap you are referring to in spot or futures? if latter, is it relevant to consider gaps in futures contract even if the spot at the same trading zone(as that of the gap) had no gaps?

by the way, congrats, 5548 on the board, whats next?

 

[kthakker0]

is the gap you are referring to in spot or futures? if latter, is it relevant to consider gaps in futures contract even if the spot at the same trading zone(as that of the gap) had no gaps?

by the way, congrats, 5548 on the board, whats next?

Hi,

I don't look at Spot for reference, as NF is either in Premium or Discount to Spot (at least I) cannot draw any relevance between them even though NF been a derivative of Spot Nifty.

So I look and write for any relevance in NF

As said NF above 5547 go for target of 5625

Bye

 

[kthakker0]

15/02/2012 Wednesday

Hi all,

Following are the Fibonacci ratio between 6349 - 4538
61.8 = 5656
50.0 = 5442
38.2 = 5230

Going by the above levels our target of 5625 is very much on the cards and its just a matter of time before we see it, historically NF has always breached 61.8 ratio mark. I think today market should end on a high note for higher target

Bye

 

[RAJESHROHRA]

15/02/2012 Wednesday

Hi all,

Following are the Fibonacci ratio between 6349 - 4538
61.8 = 5656
50.0 = 5442
38.2 = 5230

Going by the above levels our target of 5625 is very much on the cards and its just a matter of time before we see it, historically NF has always breached 61.8 ratio mark. I think today market should end on a high note for higher target

Bye

thanks brother gud analysis keep it up and keep posting !!!!

 

[kthakker0]

15/02/2012 Wednesday

Hi all,

NF opened above our sentiment indicator of 5430 and target of 5469 and then went on to breach the high (5547) of the new range

Tomorrow's range is between 5469 - 5625 with 5547 as a strong support for NF to rally for 5625. We may see some resistance between 5566 - 5586 before 5625 is reached. Sentiment Indicator for tomorrow is 5469

Today's LTP is 5551 if official CP is kept above 5547 then tomorrow we should see further rally, which if support by global cues will happen sooner.

Bye

 

[kthakker0]

15/02/2012 Wednesday

Hi all,

With some startling revelations coming from Iran and US getting jitters about the same creates scary ripples all around the world.

With all the up-he-veal going around, Nostradamus book could be back in demand.

God knows how US market will trade and what will be reaction tomorrow on our market.

If every thing goes all right in-spite of Iran "N" news then 5625 is our target and NF between 5705-5656 would be the top in coming days before any correction can set in.

Bye

 

[kthakker0]

16/02/2012 Thursday

Hi all,

Since US- Iran did create scary ripples around the world we are seeing some gap(s) been formed.

Due to Iran and US tension today we saw gap down OP of 5531 from the yesterday's official high of 5551

Now we all know that gaps are filled, only time can tell when, in today's case I believe that the gap will be filled, which is also an indication that rally is still on at-least to reach the high above 5551 to close the gap.

NF trading above 5490-5510, a strong support, signals NF can rally for target of +5551 and 5556-5586 which is the resistance that could be the top, going by Iran - US stand-off

Below 5490 I have 5469, today's sentiment indicator.

Bye.

 

[kthakker0]

16/02/2012 Thursday

Hi all,

NF not breaking 5500 and trading most of the day above 5510 level signaled what we had forecasted, that rally is still on, and this was proved by NF reaching 5547, the important level as stated previously.

Today we could not close the open gap, better luck tomorrow.

Tomorrow's range is between 5510-5547 with 5313 as sentiment indicator

Bye