Swing Trading for Nifty Futures
- Thread starter kthakker0
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24/04/2012 Tuesday
Hi all,
The news we hear and the trend which the market shows are opposite in nature. So it becomes a bit difficult to understand as to weather the trend will rise or fall.
NF closing above 5235 will again try to reach 5313 level with 5274 acting as a level to be over come going forward and below 5235 its 5195 that needs to be taken out decisively and closed below it for further fall to continue. Going forward 5156 will prove to be a tough support if the trend is to rally.
NF trading above 5235 is for rally
NF trading below 5195 if for fall
NF trading between 5235-5195 is no mans land
Bye
Hi all,
The news we hear and the trend which the market shows are opposite in nature. So it becomes a bit difficult to understand as to weather the trend will rise or fall.
NF closing above 5235 will again try to reach 5313 level with 5274 acting as a level to be over come going forward and below 5235 its 5195 that needs to be taken out decisively and closed below it for further fall to continue. Going forward 5156 will prove to be a tough support if the trend is to rally.
NF trading above 5235 is for rally
NF trading below 5195 if for fall
NF trading between 5235-5195 is no mans land
Bye
25/04/2012 Wednesday
Hi all,
As foretold previously
Inflation = GDP = No Growth
Inflation > GDP = Negative Growth. This is now confirmed by S&P
But our FM says "There is no need to worry". Then I would like to ask him (FM) "When do we have to worry", when you again keep our Gold as collateral with IMF so as to run the country with a begging bowl.
As the same thing was done by the same Congress in 1991 when Dr Manmohan Singh was the FM.
Congress has proved beyond doubt that "THEY ARE HELL BENT IN RUINING INDIA to such an extent that it becomes difficult for Indians to stay afloat".
And now most of Congress Lieutenants are running helter-skelter to hid them selves from shame (may be just like Manu Shingvi) They are resigning from their high profile posts, and the reason given is "They want to work for the welfare of the Party"
No matter what the reason we have and are earning from what the market tells us.
NF reversed from 5153 and is now trading above 5200 which shows that there is still some kind of juice left for rally (which although will be painful and very slow)
5235 will pose as strong level as long as we don't see NF trading substantially above and then closing above it. Rest everything will remain same as stated
Tomorrows range is 5235-5156 with 5195 as a trend setter.
Earn as much as you can so that we can stand against any odds.
Bye
Hi all,
As foretold previously
Inflation = GDP = No Growth
Inflation > GDP = Negative Growth. This is now confirmed by S&P
But our FM says "There is no need to worry". Then I would like to ask him (FM) "When do we have to worry", when you again keep our Gold as collateral with IMF so as to run the country with a begging bowl.
As the same thing was done by the same Congress in 1991 when Dr Manmohan Singh was the FM.
Congress has proved beyond doubt that "THEY ARE HELL BENT IN RUINING INDIA to such an extent that it becomes difficult for Indians to stay afloat".
And now most of Congress Lieutenants are running helter-skelter to hid them selves from shame (may be just like Manu Shingvi) They are resigning from their high profile posts, and the reason given is "They want to work for the welfare of the Party"
No matter what the reason we have and are earning from what the market tells us.
NF reversed from 5153 and is now trading above 5200 which shows that there is still some kind of juice left for rally (which although will be painful and very slow)
5235 will pose as strong level as long as we don't see NF trading substantially above and then closing above it. Rest everything will remain same as stated
Tomorrows range is 5235-5156 with 5195 as a trend setter.
Earn as much as you can so that we can stand against any odds.
Bye
Drawing your attention to this published CIA factbook which may help you next time you post something on this topic...
http://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate_(latest_year)
Won't comment on political matters... Just read the recent speech given by Raghuram Rajan, one of the eminent economic advisers to the PM of India...
Drawing your attention to this published CIA factbook which may help you next time you post something on this topic...
http://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate_(latest_year)
Won't comment on political matters... Just read the recent speech given by Raghuram Rajan, one of the eminent economic advisers to the PM of India...
http://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate_(latest_year)
Won't comment on political matters... Just read the recent speech given by Raghuram Rajan, one of the eminent economic advisers to the PM of India...
I had gone thru this link way before.
This data is compiled by CIA, and 2011 data of 19% growth is YoY of 2010. At that time there was no Anna Hazare, No graft cases were seeing the light of the day like we are reading and hearing now. There was no political paralyses the way we see today. Since Lok Pal issue was taken up I don't think any important policy decision has been undertaken by UPA, except for Budget which was mandatory and had to be taken.
Now see the political situation of India no one dares take any decision on the political front.
Economic Advisers always shows true picture and gives correct remedies to the politicians, but if you had seen one of the shows on TV where most of the Economic Advisers were brought to discuss this political madness, and in this show one of the advisers said that no political person is willing to even listen to us whenever any meeting is held they will want to do what they see is right and not what is right as per the economic sense, and he was so srusted that he further went on to say "Why the hell we are called for the meeting if they don't want to listen to us"
No educated person will like to get humiliated especially in front of jokers and by a joker.
This small things do matter a lot to whole of India because if one pillar falls the weight is distributed to other pillars which may or may not hold on for long time. What we are seeing now is the domino effect, one falling on other.
Bye
25/04/2012 Wednesday
Hi all,
Official Low of 20/4/2012 Friday is 5000 but it did not happen on the intraday chart, so my belief is that sooner or later we should see NF trading at or below 5000 in the wake of S&P outlook.
FII are already pissed off due to GAAAR and retrospective amendments in IT laws to tax Vodafone and other entities, this step has not gone well with other nations as well.
On every rise in the Indian market FII will exit as they are vocal in preferring Singapore exchange to trade rather then Indian exchange due to unrealistic demand and frequent changes in the IT laws, the effect of it was seen on Friday due to one FII offloading its entire stake in 1 stock counter of F&O and NF.
Be safe while trading as we are facing the most dangerous times in trading
Bye
Hi all,
Official Low of 20/4/2012 Friday is 5000 but it did not happen on the intraday chart, so my belief is that sooner or later we should see NF trading at or below 5000 in the wake of S&P outlook.
FII are already pissed off due to GAAAR and retrospective amendments in IT laws to tax Vodafone and other entities, this step has not gone well with other nations as well.
On every rise in the Indian market FII will exit as they are vocal in preferring Singapore exchange to trade rather then Indian exchange due to unrealistic demand and frequent changes in the IT laws, the effect of it was seen on Friday due to one FII offloading its entire stake in 1 stock counter of F&O and NF.
Be safe while trading as we are facing the most dangerous times in trading
Bye
26/04/2012 Thursday
Hi all,
Slowly n steadily we are loosing the momentum and prices are heading down little by little so that the fall is not like a tsunami.
Tomorrow's range is 5215-5175 and 5235 has turned into a strong resistance which will be difficult to be taken out.
Today's NF closing below 5195 will confirm the same. I take next series NF price into consideration only when it starts and not before that.
Today most of the time NF has traded below 5195 which shows that internally the market is getting weaker n weaker.
This does not mean that we may not see price heading higher, but for me the rise is a means to go short when NF reaches any of the important levels as stated in my previous threads. Unless I get some solid confirmation that the trend is changing.
From last Friday onward I have earned by shorting NF on every rise to an important level from where NF fallen repeatedly.
Now I ride the down wave for target of 5000 which is official and my long awaited target of 5050 should happen sooner then later.
Bye
Hi all,
Slowly n steadily we are loosing the momentum and prices are heading down little by little so that the fall is not like a tsunami.
Tomorrow's range is 5215-5175 and 5235 has turned into a strong resistance which will be difficult to be taken out.
Today's NF closing below 5195 will confirm the same. I take next series NF price into consideration only when it starts and not before that.
Today most of the time NF has traded below 5195 which shows that internally the market is getting weaker n weaker.
This does not mean that we may not see price heading higher, but for me the rise is a means to go short when NF reaches any of the important levels as stated in my previous threads. Unless I get some solid confirmation that the trend is changing.
From last Friday onward I have earned by shorting NF on every rise to an important level from where NF fallen repeatedly.
Now I ride the down wave for target of 5000 which is official and my long awaited target of 5050 should happen sooner then later.
Bye
27/04/2012 Friday
Hi all,
Those who had traded NF both ways would have gained at least 100 points till now.
These are the days when we can make money and NF is the most liquid counter which can make or break your fortunes.
As said "Earn as much as you can and when ever you can"
NF has crossed both the extreme ends of today's range. Today's close below 5195 will slow down the momentum and close above 5235 will gain momentum.
5152
Today's low of NF below 5152 will see NF falling more in coming days then rising.
Bye
Hi all,
Those who had traded NF both ways would have gained at least 100 points till now.
These are the days when we can make money and NF is the most liquid counter which can make or break your fortunes.
As said "Earn as much as you can and when ever you can"
NF has crossed both the extreme ends of today's range. Today's close below 5195 will slow down the momentum and close above 5235 will gain momentum.
5152
Today's low of NF below 5152 will see NF falling more in coming days then rising.
Bye
Last edited:
27/04/2012 Friday
Hi all,
Monday's range is 5235-5156 with 5195 as the trend setter.
Today's close at 5210 is between 5235-5195 which states divided opinion of the market.
Traders are still grappling weather to go long or short and this creates a perfect opportunity for us as we profit from their divided opinion as we know the levels from where NF can retreat and from where it can retrace.
We earn in times of divided opinion and also when price trends. As we profit as the exact levels.
Bye
Hi all,
Monday's range is 5235-5156 with 5195 as the trend setter.
Today's close at 5210 is between 5235-5195 which states divided opinion of the market.
Traders are still grappling weather to go long or short and this creates a perfect opportunity for us as we profit from their divided opinion as we know the levels from where NF can retreat and from where it can retrace.
We earn in times of divided opinion and also when price trends. As we profit as the exact levels.
Bye
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