Swing Trading for Nifty Futures

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kthakker0

Well-Known Member
23/02/2012 Thursday

Hi all,

Today and tomorrow 5508 will be the important level where NF will try to find support to rally for 5567-5586 targets and if NF closes below 5508 then 5469-5430 as stated

Bye
Since 5469 could not be broken NF took support of 5508 and rallied. Going forward 5547 is trend indicator with 5586 as a stop loss for shorts, but I believe that sustaining above 5586 will be very tough.

Lets see how the market rewards us.

Bye
 

kthakker0

Well-Known Member
24/02/2012 Friday

Hi all,

Yesterday we have seen the rally above 5508 in Feb till 5541 and March series till 5591 and today we saw the repeat of that rally where NF reached 5565 but could not move above 5567 and currently is below 5508.

If NF manages to stay above 5508 then rally could be repeated again to reach between 5567-5586 with 5547 as focal point.

Again its the same story, if 5469 is broken easily then 5430 and then 5390

Bye
 

kthakker0

Well-Known Member
24/02/2012 Friday

Hi all,

Traders who can read market's mind and knows the levels will always prevail.

NF trading @ 50 points Premium makes it look that Bulls are in no mood to let the trend change as of now.

NF not breaking 5469 is making the market look like it's going to rise again, if the market does not fall it will not rise significantly either, not until NF closes above 5586, but yes one thing will surely happen, Options Premium will be nibbled out in this process.

News
It seems that market is waiting for some news which has the possibility to change the trend.

Bye
 
Last edited:

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

OP below 5469 indicates that intraday sentiment is negative, and our target of 5430 is also achieved.

Now this 5430 should not behave like 5469 else NF will again consolidate like previous two trading days.

Today 5469 and 5508 are two major resistance to control rally and 5430 could become a strong support to control the fall

Traders should book profits (like I have done) and wait for confirm signals of where the market wants to lead.

Bye
 

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

5430 did not hold like 5469 so selling is taking place in small quantities with guarded sentiments.

5430 has now become the focal point with 5391 as the near target and 5315 as the main target.

Bye
 

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

With 5391 level taken out our target for today is done.

We will wait for more triggers either during the day or tomorrow

If NF trades consistently below 5391 then with some resistance at 5371 the target is 5352

As our main target is between 5280-5235

Bye
 

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

Levels kay sath trade karnay kaa majja kutch aur he hai

You always see your bank balance increase in any god damn market condition.

Bye
 

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

NF is trading @ a Premium of 55-60 points.

Bulls are making every effort to keep the momentum intact, as we have 2 important appointment dates

  • Election Results
    [*]Budget

Election results are the key for Central Gov and the market to decide the next action plan.

If the election results does not favor the Central Gov then budget will be the last resort for them to prove that it can still function in spite of all the negative charges against them.

Bye
 

kthakker0

Well-Known Member
27/02/2012 Monday

Hi all,

Today we had the following levels to trade

5469 = To short
5430 = To cover
Below 5430 = Short again
5391 = To cover
Below 5391 = Short again
5371 = to cover
Below 5371 = short again
5351 = To cover

Going by the above those who did the trades would have traded more then 120 points in NF today.

As said only levels work

Bye
 
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