Swing Trading for Nifty Futures

[anil.kut]

thanx kthakker0,

as u mentioned i too follow "trend is friend", thats why I
buy 10-20 pts below R1, and in continuation if nifty future rally to R2-sell here.
keeping in mind R1 n R2 (are real resistances, I emphasis).
10 to 20 pts gain is my part of trading u may call "discipline" + SL give me freedom from "greed n fear"
Yes volume does matter here if one can see it.

one query:
I am dependent on R1,R2 PP, S1,S2 nifty future level on my broker's sms, which sometimes is missing. can u suggest any other sms services for NIFTY FUTURE only.
Moreover I am still unable to find free real time chart for niftyfuture with 5minute candle and other standard tech indicators like volume, EMA,SMA and stochastic (8,4,3).

 

[kthakker0]

thanx kthakker0,

as u mentioned i too follow "trend is friend", thats why I
buy 10-20 pts below R1, and in continuation if nifty future rally to R2-sell here.
keeping in mind R1 n R2 (are real resistances, I emphasis).
10 to 20 pts gain is my part of trading u may call "discipline" + SL give me freedom from "greed n fear"
Yes volume does matter here if one can see it.

one query:
I am dependent on R1,R2 PP, S1,S2 nifty future level on my broker's sms, which sometimes is missing. can u suggest any other sms services for NIFTY FUTURE only.
Moreover I am still unable to find free real time chart for niftyfuture with 5minute candle and other standard tech indicators like volume, EMA,SMA and stochastic (8,4,3).

Hi,

As far as SMS are concerned its like depending on others by handling your decision making choice to others, which is a third party type of suicide in our market.

Although your stop loss gives u freedom from greed n fear but is also same as your profit so how do you profit if things go against you?

R1, R2 and the likes are followed by up-teem number of trader like you because for your broker you are not the only one who they will service and this is true to all the brokers who provide this service to all their traders, do they care weather you profit or loose even if the service is a paid one.

See I think trading is like fighting an enemy where you always have to be one up against, every trade is different from the other no 2 trades are same, every trade has a 50-50 probability to win or loose your knowledge of trend, targets and timing of trade decides which side will you be thrown.

I mean to say forget about free services, in financial world "Nothing is Free" Learn how the market functions, see what is it that market is following rather then you following R1 and R2.

Bye

 

[kthakker0]

19/03/2012 Monday

Hi all,

I presume that our target of 5235 will be tough to crack for now. NF trading below 5254 will see 5235 and besides we have Gann Turning Days from Wed till Fri, so these days are very important and have to follow them.

Probably we might see a rally during and after the Gann Turning Days till 5510 from where we should see a fall.

We will trade Gann Days as and when they show what the market is up to.

NF closing below 5235 will see more shorts been added across all sectors.

Bye

 

[kthakker0]

20/03/2012 Tuesday

Hi all,

NF OP (5267) is below our target 5274 which indicated that the trend is still down and as said 5313 is from where NF has turned down as of this writing which is a tough resistance.

Traders who have sold NF at 5313 are already in profit as of this writing (5285)

NF not breaking yesterday's low of 5259 could change the sentiments.

We have today's range and our two targets are 5274 and 5235

5274
We have already repeated yesterday's winning streak of +35 points in NF today.


Bye

 

[darshanshukla]

Hi KT
T1 achived....:clap:

20/03/2012 Tuesday


Hi all,

NF OP (5267) is below our target 5274 which indicated that the trend is still down and as said 5313 is from where NF has turned down as of this writing which is a tough resistance.

Traders who have sold NF at 5313 are already in profit as of this writing (5285)

NF not breaking yesterday's low of 5259 could change the sentiments.

We have today's range and our two targets are 5274 and 5235

5274
We have already repeated yesterday's winning streak of +35 points in NF today.


Bye

 

[anil.kut]

Now score is going down as i sl triggered on mon n tue(today), my trade was mainly based on Res n supports. on both days 25 pts lost. I am not able to understand when it was successful on contineous basis how it failed.

may be i have to watch more tech indicators or else. Pl suggest.

 

[kthakker0]

Now score is going down as i sl triggered on mon n tue(today), my trade was mainly based on Res n supports. on both days 25 pts lost. I am not able to understand when it was successful on contineous basis how it failed.

may be i have to watch more tech indicators or else. Pl suggest.

Hi,

You know that in a stock market there are two types of traders...

• Bulls
• Bears

Bulls are only seen when the market is booming, every tom, dick and harry will place a trade and earn profits because market is rising and this is not rocket science.

Bears are all year round, when the market rises they know that the fall will be greater than what is has rallied. Even if they misjudge it some time the ultimate truth is every thing that goes up will always fall down and the bears are very clever in anticipating the fall and they also know that all the toms, dicks and harries money is their's to take because those toms and the likes does not know what to do when market fall they are always caught in greed and fear and most of their profits only remain on paper and then the paper itself vanishes.

So the theme to understand here is, which type of trader you are, Bull or Bear, you have to understand this point, only then you will be able to trade selectively and then you will not run after R1's, R2's and the likes.

Besides you'll have to indulge your self in studying the market because this market is Full of Money and also packed with Smart Ass who just prey on traders like you who run's after R1's and R2's

Only a smart ass can and will profit from both the sides (Rallies and Fall). So be a smart Alex.

Bye

 

[kthakker0]

20/03/2012 Tuesday

Hi all,

We made profits as NF repeated its volatile streak on the range specified between 5313 - 5235

NF did not reach 5235 but rallied from 5251 to make a high of 5327 and then settled for 5297, as it was specified that 5235 will be strong support.

5313 is and will remain our tough resistance for now unless NF closes above it.

At the time of this writing Europe are down by 1.00 - 1.25% and US markets are also trading down.

Lets see how our market reciprocate tomorrow.

Tomorrow's range is 5313 - 5235 with 5274 as the trend setter.

From tomorrow we have 3 Gann Turning days and here we will keep the OP as the focal point for the whole day because NF trading above OP will see market gaining strength and opposite, if NF trades below OP then it will fall.

Trading above or below our specified levels will give us added confirmation as to where the trend is headed.

Bye.

 

[kthakker0]

21/03/2012 Wednesday

Hi all,

NF OP 5289 is lower then yesterday's CP 5297, this indicates that sentiment is negative and the high is capped at 5313.

NF trading below OP 5289 the trend will be negative and NF below 5274 again has the probability to reach 5235

NF trading above OP 5289 has the probability to reach 5313 and above.

Trade with caution

Bye

 

[kthakker0]

21/03/2012 Wednesday

Hi all,

Traders who were long at or above OP 5289 must have reaped huge benefits if they had kept their long even above 5313 (our tough resistance)

The current high (5360) is above weekly CP of 5342 which gives ample boost to rally further and should we close above 5342 then carry forward your long trades

NF rallying further will face tough resistance at 5371 and then at 5391

5391
I presume that today's high could be capped between 5391 - 5371

Bye