Swing Trading for Nifty Futures

[kthakker0]

17/05/2012 Thursday

Hi all,

NF not breaking 4925 (mini level) confirms that today we have a higher top and higher bottom since 02/05/2012 this is small but a good sign indicating that price should rise gradually.

Today's higher CP in NF should confirm the same.

Bank Nifty is not keeping up the tempo and could be the cause of concern.

Tomorrow's range is 4922-4844 NF trading above 4922 could reach 4950 level

But do keep appropriate SL as per your risk-rewards ratio as market is still volatile.

Bye

 

[kthakker0]

17/05/2012 Thursday

Hi all,

At the time of this writing Europe was down 3 qtrs of % and US was 0.35% and in both the cases Greece is the culprit.

Greece nay duniya kee achee tarah say Greecing, Oiling kar dee hai salay sab gir rahay hai, pata nahi kaun, kab, kitna neechay giray ga.

As though this Greecing was not sufficient, when Pranab came out with GAAR, which panicked FII's to such an extent that we cannot say for sure when we may see reversal (if any)

Negative calls on some banks have put more pressure on already panicked Bank Nifty and this is not helping market to recover.

Today's CP is above 4844 but not above yesterday's CP 4857 which is a sign of concern when looking at world market perspective.

If NF breached 4825 then I think it could breach 4807 and then we will see another 100 points in NF been shaved off.

Lets see what in store for us.

Bye

 

[kthakker0]

18/05/2012 Friday

Hi all,

Today Spot Nifty and Sensex are not providing a helping hand to the market while Bank Nifty is running like a ragging bull.

No matter what the out come is, rally should only happen after NF trades below 4735 and then the target is +5250 on the higher side.

CP lower then yesterday's will confirm that fall is still not complete and NF trading below 4844 is a sell signal (for me)

This volatile market will kick out those traders who not following SL and the trend.

Bye

 

[timepass]

Nifty closed higher by 21 points. Waiting to hear your views.

 

[darshanshukla]

today we can say day of reversal as said in " Trend is your friend UNTILL where its bend at the end"

My first trade was as per Wolf wave pattern (posted in derivatives sec.) link is..

http://www.traderji.com/derivatives/42863-nifty-50-future-trends-932.html#post680179

the last drop squeeze as per our respected STda's VWAP theory and I have carry forwarded my position as well
Seniors like KT, TP , Murtuza bhai and others can guide further for Bullish WW pattern if any

Nifty closed higher by 21 points. Waiting to hear your views.

 

[timepass]

today we can say day of reversal as said in " Trend is your friend UNTILL where its bend at the end"

My first trade was as per Wolf wave pattern (posted in derivatives sec.) link is..

http://www.traderji.com/derivatives/42863-nifty-50-future-trends-932.html#post680179

the last drop squeeze as per our respected STda's VWAP theory and I have carry forwarded my position as well
Seniors like KT, TP , Murtuza bhai and others can guide further for Bullish WW pattern if any

I am not carrying any positions. Will see what's what on Monday

And please don't call me a "senior". You haven't seen my ledger

 

[kthakker0]

18/05/2012 Friday

Hi all,

Thank you for your posts

I can't understand what was the rally based on (apart from SBI)? If any of you know it please share it here as well.

If the rally is only on the back of SBI then how long can it last?

It was SBI who's more than spectacular result had it's share in rally, SBI increased it's profit by 20 times, and other banks (PSU and Private together) should replicate SBI's operating methods.

Personally I am not convinced about this rally because time and again I have seen NF reverse from 0.79 Fibonacci levels and 4781 is the same 0.79 Fib ratio from previous swing 4538-5700 and NF reversed from 4766 which is one of my level below 4807 and which was not mentioned here.

Never the less I over looked this one aspect of NF relation with 0.79 Fibonacci ratio and so even I did not anticipate this massive rebound in intraday basis, but thanks to the levels which I follow my losses are limited and are easily recovered in the followup pattern.

Monday's range is 4922 - 4766 with 4844 as the trend setter.

I have already written my levels which indicates about the trend and till now NF has not closed above 4922 which is the 1st level for rally

Going forward 5000 will be solid wall of resistance where all the long should be squared off and profits taken home before indulging in any anticipation of more up move.

Lets see what market has in store for us.


Bye.

 

[timepass]

Do the levels remain the same for Tuesday ??

 

[kthakker0]

Do the levels remain the same for Tuesday ??

The levels change every day as per the High-Low of that particular day. And price can breach the (H/L) of the range in the direction of trend if the trend is strong which will lead to a new range.

Bye

 

[kthakker0]

21/05/2012 Monday

Hi all,

Today's trading was near the high end of the range but LPT was below the CP although the official CP is higher. This indicates that convincing factor for a rally is not that strong.

We could see NF trading at or above 4922, 4961 and 5000 (From 5000 the market has to reverse) which could be a bear trap, forcing the seller to give up their gold.

Tomorrow's range 4922-4883 with 4903 as a trend setter and is also an important intraday level.

Tomorrow's range is tight and NF can spring on any side, cause as time passes by and end of series comes near, but price at high level will force seller to cave in, this is a classic case of forcing a naked rally.

Bulls are beaten out of shape and they will use every trick in the book or out of the box to take the grip back from bears.

Lets see what happens tomorrow.


Bye