Swing Trading for Nifty Futures

[kthakker0]

29/04/2012 Sunday

Hi all,

Saturday's CP of 5237 would mean little as it was done on very low volumes the real test will happen tomorrow where bulls n bears will fight for which way the trend will continue.

The difference between NF and spot Nifty is nearly 25 points premium, how long can this premium remain? as more n more Nifty stocks are making new 52 week low, and going by this rate spot Nifty will hardly have any steam left to rally.

Till now NF has not closed below 5200 for 3 consecutive days and this indicates that rally is still in the offering.

But as for told even if this is a rally it will be very slow and tedious and trader (bulls n bears alike) will find it very hard to see which way the trend is moving.

As for my conclusion I'll trade as per the trend on every imp level.

As long as NF is closing above 5200 go long if
NF trades above 5235 for 5255, 5275 and 5313 levels

And go short if
NF trades below 5235 for 5195, 5156 and below 5156 the fall will be gain momentum

Bye

 

[kthakker0]

29/04/2012 Sunday

Hi all,

Some of the thorns that Congress is laying while preparing for 2014 General Election's are

GAAR: Even the new gov will be some what power less not to acknowledge it as it could be a revenue earner for the exchequer. Congress can then attack that the new gov in terms of revenue deficit.

Black Money: Gov is still in denial mode to spell out the names of all those who are in the list of having black money.

I don't understand why is Pranb running after GAAR and why not after black money, which has the potential to make India recover more then what they can get by implementing GAAR.

2G Auction: The high price of 2G above the 3G is a sign that Congress does not want the new gov to have any precedence in the Telecommunications space and some of the articles clearly state that Reliance Industries (Not R.Com) is given more prominence then other in 4G space. Just as Oil Minister Murli Deora had given to Reliance Ind regarding the over estimated cost recovery in regards to D6 before Gov can deduct it profits. And it was for this reason he was removed silently.

Corruption in Army: Only after V k Singh's letter about the bribe it was offered by Tatra officials and the subsequent letter to PM of our unprepared army are we seeing many threads and ret army personal on the pay rolls of Ravi, the Tatra unofficial Boss,

Common Wealth Games Accounts: Are all buried under the very stadium, that was built to play games and now it's our elected political leader who are playing.

Bofors: A haunting story who is refusing to die and is unrelentingly telling us that I want justice, But the Congress will and is looking the other side as Q is Sonia's relative (So to say, as he is an Italian)

N D Tiwari: An unofficial political father, in a denial mode to give its blood samples to prove its biological threads with official son. What could be so embarrassing, that a son is fighting to know who is father is. And here is an old political leader who is running away from a deed which he carried out knowingly. And now court is wasting its time running behind this old man to prove the same.

Lok Pal: If legalized can fulfill all the Indians dream of a corruption free India is till hanging suspended.

If Lok Pal is implemented then more then 80% of the corruption and corrupt politician will be vaporized in no time. And rest 20% will die a slow death.

S&P: Down grade was a slap on India's face. Its a warning to all Indian's that the time is over due and we have to wake up if we want our children to have better future.

Un known - Un Seen: The above ones are in public domain and we all know what that this is the tip of an ice berg. So still more then 80% of such cases to see the light of the day.

Weather the 80% cases see's the light of the day or not is not the question. the question is, in this chaos who will help in times of distress, it will be our own smartly earned money.

So earn as much as you can.

Bye

 

[kthakker0]

30/04/2012 Monday

Hi all,

As said NF trading above 5235 will reach 5255 - 5275 both of which are achieved.

If NF crosses 5294 then the new NF target will be between 5313-5333.

NF trading above 5333 could reach 5352 where I'll go short for 5313 levels.

Bye

 

[kthakker0]

30/04/2012 Monday

Hi all,

Spot Nifty cannot rally as most of his stocks are below 52 week low, hence NF rally was also short lived and now the resistance zone is between 5295-5313

Only when NF trades above 5294 we will see 5313-5333

Hence people who had gone long at or above 5235 would have sold at or above 5275 and again selling at or below 5275 would had the opportunity to cover at or below 5250. All in all profit of 50-80 points in NF

 

[kthakker0]

30/04/2012 Monday

Hi all,

Tomorrow's range is between 5313-5235 with 5275 as the trend setter.

NF trading above 5295 will trade between 5333-5313

Bye

 

[timepass]

30/04/2012 Monday

Hi all,

Tomorrow's range is between 5313-5235 with 5275 as the trend setter.

NF trading above 5295 will trade between 5333-5313

Bye

Tomorrow, 1st May, is a trading holiday, isn't it ?

So, with the 1 day gap, will any news based events alter your levels ??

 

[kthakker0]

02/05/2012 Wednesday

Hi all,

Today's we saw a gap up opening which is a good sign for rally.

Keep a strict SL of 5265 for all your long.

From 3-7 May we have Gann Turning days and for this reason the working of 3-May is important for future trend.

If OP of any stock / future on 3-May is above it's CP will have the tendency to rally. SL for long should be the OP of that stock / future.

On 4-May any stock / future trading above the CP of 3-May will rally, but keep the low of 3-May as the SL for the same stock / future.

7-May is the last day of Gann Turning day and is also the day when Gov will clarify it's stand on GAAR which has made the market consolidate.

Market could see a volatile session due GAAR


Bye

 

[kthakker0]

02/05/2012 Wednesday

Hi all,

As said that this rally will be boring and tiring is now showing its colors slowly.

What ever the market conditions only those traders will survive who has the least cost to its trading activity.

Bye

 

[kthakker0]

02/05/2012 Wednesday

Hi all,

Retracing today's gap up signifies that market as a whole is not convinced about the rally.

Today NF closing below 5265 will make rallying a difficult process.

But if we do see close above 5265 then from tomorrow onward's, (which is also the 1st Gann Turning Day) NF has to trade above 5265 to keep the rally momentum intact and from 7th we will know for sure what the trend is as it's the last Gann Turning Day and the Day when Gov will make it's stand clear on GAAR.

Tomorrow again 5275 will be the trend setter.

Bye

 

[kthakker0]

02/05/2012 Wednesday

Hi all,

Falling Indian Rupee is raising the cost of everything in indirect way, trading included.

And market participants are finding it hard to absorb the huge premium between Futures and Stocks and so premium between NF and spot Nifty is reducing. If Rupee continues to decline as its predicted to reach 55 then it will be very difficult for rally to sustain.

Falling Rupee hurts every one from importers to manufacturers to wholesaler to transportation to retailer and ultimately end users.

Gov on one hand is not decreasing it rampart tax regime to give any relief but instead it has increased service tax % and brought many service under its umbrella.

As I had written in past that I'll be a seller in every important level to cover at lower level is still valid and with NF close below 5265 is it confirmed, but 3-7 been imp dates have to watched out for and if these dates also confirm the fall along with any negative report about GAAR on 7th May Monday then my target as stated previously of NF reaching 5000 will become a reality.

Tomorrows ranges is 5313-5235 with 5275 as the trend setter.

Bye