Swing Trading for Nifty Futures

[kthakker0]

10/05/2012 Thursday

Hi all,

Yesterday's CP and today's OP above 4980 and still above 4980 is a good sign of a rally as 4980 was and indeed is one of the levels to watch out for as well.

NF till now has not been able to trade consistently above 5040 which is a negative for rally and also a SL for shorts in NF.

But as said the rallies could be short and traders can go short at or below 5040
serves quite well for Money management as the SL in money terms will not be that hard if market turns but the return will be great when NF trades below 5000 and traders can remain shorts if NF trades below 4980.

Bye

 

[kthakker0]

10/05/2012 Thursday

Hi all,

NF has breached both the ends of today's trading range (5040-4960)

Tomorrow's range is 5080-4922 it's extended because of today's volatile session

Daily indicators are in OS zone and this situation demands a token rally but weekly indicators are still falling so we could see a new low by next week even though we may rally tomorrow.

Consider 4961 as the last support for tomorrows trading range and a level to go long if market reverses.

Tomorrow could be a bull trap where seller could be caught unaware. Been a week end will also have its effect.

Lets see what happens tomorrow.

Bye

 

[kthakker0]

11/05/2012 Friday

Hi all,

As forecasted on 7th May that NF breaching 4960 will see NF trading between 4900-4922 is achieved today, although I thought we could see a rally today.

Since all the targets in NF are achieved for the related swing in NF the fall is complete and if NF trades below 4900, most probably it should reverse from between 4891-4885 and should not breach 4983

More of it only after what market tell's us.

Bye

 

[kthakker0]

11/05/2012 Friday

Hi all,

As forecasted NF did not break 4900 and has reversed to rally, traders who are long should stay long after NF trades above 4962 for 4980 and then 5040 since the high is already formed at 5056 and 4922 is achieved, now we should see rally with some pessimism.

But market is still fluid and may see volatile trading sessions.

Bye

 

[kthakker0]

11/05/2012 Friday

Hi all,

Monday's range is 5040-4884 with 4962 as the trend setter.

Its a buy call while keeping a SL between 4922-4900 for long.

If 4900 is breached then NF should reverse after trading below 4891-4884 but if 4883 is breached then it could trade near 4844

So traders can go long when NF trades above 4900 after reversing from any where between 4891-4884

Mamata Banerjee

http://economictimes.indiatimes.com...-sabha-polls-in-2013/articleshow/13098410.cms

Mamata hints at early 2013 election rather then May 2014 if that's the case then all targets will go for a TOSS

Lets see what comes out of the hat?
Rabbit (which usually should) or Election (Taboo / Ugly word for Market)

Bye

 

[kthakker0]

13/05/2012 Sunday

Hi all,

As I was going thru all the calculations so as to be sure what could be the out come of this situation, I found...

For me: NF closing above 4962 is the 1st signal for market to start rally
For Market: NF closing above 5001 is the sign that rally is starting
For Everyone: The real confirmation for rally will come only when NF is trading consistently above 5156 as this will bring back the required confidence in the market and we should see an overall rally.

Friday's high of 5056 is a sign that sooner or later NF has to trade above 5056

Read previous article if NF is trading below 4900

Bye

 

[kthakker0]

14/05/2012 Monday

Hi all,

NF did not even reach 4962 which it self was as weak sign that fall is eminent and which did happen when NF was trading consistently below 4922 and once 4900 was breached you guys knew what to do.

NSE trading was hit due to technical reasons, and what a coincidence at the same time in Parliament opposition was gunning for Home Minister for his son's role in the murky business relation with Maxis-Aircel deal. Many like me doubt that the technical reason infact was political one which Congress would not like to spill over from Parliament to the markets, hence the technical reason. We may be wrong but then we are humans.

Coming to our favorite work which we do best is "Earning" Tomorrows range is 4961-4883 with 4922 as the trend setter. At the time of this writing Dow was already down more then a 2%

I see either one of the 2 scene been played in the market

• If NF trades below 4844 then anywhere till 4810 I'll buy NF but with a strict Stop Loss of 4807
• If NF trades below 4807 then it has 100% chance of reaching a minimum of 4735

Lets see what the market has in store for us

Bye

 

[kthakker0]

15/05/2012 Tuesday

Hi all,

Today NF not trading at or below 4844 confirmed that rally was indeed waiting to happen. Today's CP above 4922 which is one of our important level confirms the same. But NF CP has to be above 4962 (that's for me) for rally to continue.

Tomorrow's range is 5040-4962 with 5000 has the trend setter.

4981 is a potential level of Fibonacci lovers as it's 0.618 level of previous swing 4535-5700

NF trading below 4922 will doubt the rally and below 4883 will raise the suspicion that it could be the bull trap for target of 4844. So be careful and use SL as per your risk appetite. For me the SL will be 4922 for all long.

Bye

 

[kthakker0]

DEAR SWING TRADERS,

pls check which one BROKER (ZERODHA,RSKV)is better to trading in F&O IN SWING TRADING METHOD?
http://www.4shared.com/office/z5ckPAov/rskvzerodhacomparison.html
CHECK AND REPLY...

HAPPY TRADING..:thumb:

Thks for the link but cannot download the file.

 

[kthakker0]

16/05/2012 Wednesday

Hi all,

Gap down opening at 4869 was a strong signal that 4844 and lower levels are for a grab and yesterday's rally was indeed a bull trap.

And with this fall our target of 4844 is achieved.
NF has reversed from 4827 and now we wait to watch which 1 of the 2 scene will happen,

• Will market fall further or
• Will it rally.

As written I'll buy below 4844 and 4824 is one of my mini level which NF has not breached (so far) and so it has become my near level target with main SL level at 4807

With NF trading consistently above 4844 triggers a buy signal (that's for me) but with an appropriate SL in place as market is in a flux and can go any way.

Bye