Swing Trading for Nifty Futures

[rasasen]

http://www.business-standard.com/india/news/devangshu-datta-looking-inwrong-direction/466698/

 

[kthakker0]

05/03/2012 Monday

Hi all,

5352 is now resistance unless NF trades above it consistently for 10 minutes

5332 is focal point for today NF trading above it signifies that rally still has hopes

5313 is our strong support that will be held for some time now, but if NF breaks below 5313 then the target is between 5280 - 5235

Bye

 

[kthakker0]

05/02/2012 Monday

Hi all,

LIC backslash after ONGC issue tanked down and LIC had to bail it out.

See what regulators are talking about LIC and its board of directors

http://economictimes.indiatimes.com...nance-in-lic/articleshow/12139256.cms?curpg=2

Congress is milking our premium for their own benefit and that's the reason people are finding new ways to save their money, which the gov does not like it and term it as Black Money.

Perhaps many will see it as a warning to dump LIC for other Insurance companies for their Insurance requirements.

If gov decreases their unrelenting expenses in the name if growth (Which, if does happen is very expensive) where every other project is gripped in delays and clearance and thus increasing the cost.

Bye

 

[kthakker0]

05/02/2012 Monday

Hi all,

As said previously RBI is not in a hurry to cut rates.

http://economictimes.indiatimes.com...delay-rate-cut-cycle/articleshow/12140486.cms

If this news becomes a reality then Bank Nifty will fall the way it has rallied, although we have seen cracks.

But also be prepared for surprises,with gov in a total fix, will stop at nothing to be good at least in some way.



Bye

 

[kthakker0]

05/02/2012 Monday

Hi all,

If NF breaks 5313 then NF will trade lower then 5280 and anywhere till 5235.

5313 breached
Now I'll short on every rise to see NF trading below 5280 anywhere till 5235 with 5332 as my stop loss.

Bye

 

[kthakker0]

05/02/2012 Monday

Hi all,

Bulls will make every effort not to close NF below 5313 for rally and support to be intact, but I feel it's matter of time before my target between 5280-5235 is achieved.

In case rally does take place for any reason I have my stop loss at 5332


Bye

 

[kthakker0]

05/02/2012 Monday

Hi all,

I covered my sell trade at 5310 and the rally from 5305 did give some intraday fill up to sell again at 5332, as stated sell on every rise.

Covered
The sell trade was covered at 5300

Bye

 

[kthakker0]

06/03/2012 Tuesday

Hi all,

My style of trading depends on the following

• Know the signs for change of trend
• Know the level of the new trend
• Intra-day trading levels

When you know all the above you trade confidently knowing where the price is heading and that the target will be achieved no matter what may come.

With the above info, intra-day trading as per it's level makes trading very easy and less complicated. We are always in control of our losses.

News do sway the market, but only for fraction of the time because the market will do what it has to do.

With NF making a low of 5253 which is between our target zone of 5280-5235 calls for a trend change, but we will need some confirmation before the same can be accepted.

If bulls cannot support market at this point then there are chances that NF may see 5150 levels before any rally is seen.

Bye

 

[manish9300]

can u elaborate above 3 with some charts examples sir?

 

[kthakker0]

can u elaborate above 3 with some charts examples sir?

I get all the above thru a combination of Gann + Fibonacci + Elliot Waves

Charts will never give us those precise levels. Chart is more useful to know how price has gyrated historically and then we make assumption on the pretext that if history repeats itself then I'll benefit from the related price movements.

I was using charts till some time ago and there are some good indicators like RMO for MetaStock which is very helpful but all indicators are laggard rather then preemptive.


Bye