Swing Trading for Nifty Futures

[kthakker0]

23/03/2012 Friday

Hi all,

During the 3 Gann Turning day's we saw a lot of volatility and both Bears and Bulls are wounded, but in this bone crushing pressure the out come is negative for the market.

Monday's range is 5313-5235 with 5263 as trend setter.

We are again lucky enough to trade between 5313-5274-5235 levels.

But since 5235 is breached today, negative sentiments, going forward will more or less prevail, and if NF closes below 5274 then it will add more seller.

If 5201 is breached any time then my original target of 5050 will again be insight

Above forecast is because...

• Investor's sentiment is declining due to new and bigger graft cases coming in public domain.
• High volatility drives away investors and traders alike.
• The biggest Fear "Mid-Term-Polls" is again in discussion.
• Anna Hazare is back with a promise of bigger Lokpal movement then before.
• Baba Ramdev is back to tackle Black Money issue.
• Swamy is a headache for Sonia and Home Minister.
• Budget back fired on Gov face as Business + Salaried + Common people are all been crushed under higher tax liability directly or indirectly.
• Gov is not mentioning as to how the black money will be brought in India.
• Bringing unlawful amendments in Income Tax laws clearly indicates that Congress does not think logical or now it's days are numbered.

I from my side will choose to sell as and when market and sentiments permits me to do so.

Bye

 

[kthakker0]

26/03/2012 Monday


Hi all,

OP below its previous close indicated that sentiments are negative.

With the breaching of 5254 levels we shall see NF trading below 5235 levels soon.

As I had said its a sellers paradise

5201
5201 is the the low recent low if that's breached then my next target is 5150

As said its a fall which I enjoyed the same from 5274 let's see where I cover it.

NF Premium has turned into discount


Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

As said enjoy the fall the way I did from 5274 till 5196

Now I'll wait for another right opportunity to sell again

Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

Bought at 5195 sold at 5212

Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

Sold at 5217 Covered at 5205.50


Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,


Since I trade thru RK Global my over all costing is very low compared to others. I am mentioning my trades to show that if we know the levels and the trend we can trade them again - again as and when opportunity is presented to us to get the most out of this market.

We know that this market has the ability to take away money from most of the traders, but in the same context this market has the ability to give the money to a deserving few who can read and trade it when given the opportunity.

Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

Initially 5235 was our target, now since that is breached, NF will reverse from or near this level and will find support at lower levels, and this lower level is 5150

Sold at 5225 covered at 5199

Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

Bought at 5195 sold at 5222 as it did not touch 5225

Sold
Sold NF at 5221 and still holding, now covered at 5211

Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,


If today we see a low below 5182 then I'll STBT for target of 5100

If today the low is not below 5182 then 5195 could be a support for NF if global cues are favorable


Bye

 

[kthakker0]

26/03/2012 Monday

Hi all,

NF not breaching 5182 does provide a clue that it is ready to see lower levels

Tomorrow's range is 5273 - 5120 with 5195 as the trend setter

NF trading above 5195 could reach at or above 5235
NF trading below 5195 could reach at or below 5120

NF below 5175 should gyrate between 5175-5135 with 5156 as a strong level.

NF could reach or breach 5120 levels by 28/03/2012

Bye