Swing Trading for Nifty Futures

[kthakker0]

27/07/2012 Friday

Hi all,

I made a mistake while calculating today's range, today's range was calculated on the basis of the last day of July series instead I should have calc as per the August series for which I am sorry.

Range as per August series was 5156-5078 with 5107 as trend setter.

But even though the invalid range was off limits it was a buy signal as we were prepared for the same since last two days for target of 5156

It was also indicated that NF will trade between 5133-5156, so a sell opportunity at any of the two Fibonacci levels of 5156 was warranted i.e. 5177 and 5188 NF could not breach 5188 and eventually in the latter half of the day we saw NF trading below 5107 to reach 5095

Intraday wild swings have destroyed the smooth momentum of the market which is due to various reasons and the chief among them are Rampart Corruption, High Inflation and gov's back foot in formulating new growth related policies and procedures which can project India out of this stagnation into a High Growth Zone.

But till this happen, we will have to live with these wild swings. This can be a boon in disguise for those who trade as per the trend and levels.

Tomorrow's range is 5156-5078 with 5117 as trend setter.

Bye

 

[kthakker0]

30/07/2012 Monday

Hi all,

Today's opening @ 5157 was Re 1/- above our level of 5156 but that Re 1/- was enough to suggest that a rally was in the offering and NF rallied further only after breaching 5188 in the second half of trading session.

Tomorrow's range is 5235-5156 with 5225 as the trend setter. Here 5235 could prove to be a strong resistance, NF trading above 5235 will be for levels of 5255, 5273 and then 5313 (There is an open gap at 5313)

NF trading above 5235 might face multiple other resistance apart from those mentioned above.

Since NF is rising on daily basis my target will be 5313 and the higher levels mentioned will be areas to book intraday profit.

Bye

 

[kthakker0]

31/07/2012 Tuesday

Hi all,

Tomorrow's range is same as today's 5235-5156 with 5156 as the trend setter.

Today's close above 5235 indicates that rally is still breathing. And since the higher levels are already given, trade and profit accordingly.

Like today, volatility could the order of the day.

Bye

 

[Stock trendy]

PC Fiance Minister ......gap up..!!! :rofl:

 

[timepass]

PC Fiance Minister ......gap up..!!! :rofl:

Shinde as Home Minister - Lower Circuit

Remind me, why was he kicked out of Maharashtra Govt ??

 

[kthakker0]

Shinde as Home Minister - Lower Circuit

Remind me, why was he kicked out of Maharashtra Govt ??

Hi,

All those who are loyal to Congress (Congress kay chamchay) need not fear even though whole of India is plunged into darkness (without electricity) in broad-day light or if bombs are raining in and around Mumbai and it does not even matter if a couple of hundred people are injured or even killed.

Loyalty towards Congress always comes with a life long Guarantee that you as a minister or chief minister or for that matter a sub-inspector (Mr Shinde) you will not be touched by any one in India but instead you will always be promoted.

Congress kaa hath / sath matlab kay Maa Laxmi hamesha tumharay sath

http://www.dnaindia.com/india/repor...rise-from-peon-to-union-home-minister_1722446

Congress kay saharay latak ga yee India aur ab India latka day gee Congress ko 2014 General Election may.

Aaj batee gul tao 2014 kay baad Congress gul.

Long Live India.

 

[smartshahezad]

what happened to the levels for today.. ??

 

[kthakker0]

02/08/2012 Thursday

Hi all,

Yesterday's range was not big enough to know the levels, so in this case also we will work with the know levels.

A theory doing the rounds in India is, that the Power Grid failure was purported so as to divert attention from Anna Hazare's agitation, but this item back fired on gov when Shinde was elevated and made Home Minister. So a second failure was necessary to confirm that weather a person is there or not if a power grid can fail once it can fail twice and this time more areas were covered.

But to conceal Shinde from further media questioning in regards to Power crises few low intensity bombs were blown in Pune where Shinde was suppose to visit, and this was done to show that weather a person is Power or Home Minister, things can go wrong any where.

Now this theory is also back firing in form of whispers, as never before any terrorist used such low intensity bombs anywhere in India and no one has claimed responsibility for the bombing.

How far this is true is not known.

With all these negative sentiments prevailing in India it will be very hard for any one to keep the market alive and kicking for long periods and people's participation is getting weaker n weaker day-day as range is getting smaller n smaller day-day.

For the market to perform properly NF range has to be at least 50 points daily, but even operators or trader are not able to achieve that range on daily basis and no one will be willing to loose or deploy money for long on any stock or futures for that matter.

We read a news that FDI from Pakistan is cleared.

http://timesofindia.indiatimes.com/...stment-from-Pakistan/articleshow/15312558.cms

We need not say much in this, but What a crap decision.

One thing is certain, if your neighbor is acting as a Dictator you cannot be a non-violence preacher.

Lets wait to see what what bitter consequences of this decision lies hidden in future and how much we Indians still have to suffer.

Don't we have the right to know the person's names, specially who formulated this deal and who gave this decision a green signal.


Bye

 

[kthakker0]

02/08/2012 Thursday

Hi all,

Today's range, till now is even smaller then yesterday's range. This clearly shows how tired and bored our market is due to this non performing government.

To calc new range NF has to either reach a high of 5262 or a low of 5210 till the end of this trading session, other wise we will again have to trade with the levels but with out the range.

Bye

 

[kthakker0]

02/08/2012 Thursday

Hi all,

With Europe and US markets in red I suppose that we will follow them as we have no other alternative.

30/07/2012 Monday

Hi all,

5235 could prove to be a strong resistance, NF trading above 5235 will be for levels of 5255, 5273 and then 5313 (There is an open gap at 5313)

NF trading above 5235 might face multiple other resistance apart from those mentioned above.

Since NF is rising on daily basis the higher levels mentioned will be areas to book intraday profit.

Bye

Follow the higher levels when NF trades above 5235 but be quick in taking profits home.

Lower levels below 5235 are... 5215, 5196,5177, 5156, 5133, 5118, 5098 and 5079 here 5133 and 5120 could give some support if market falls badly.

Market is rising but it's stalling mid-way neither going up nor down, we don't even have volatility for that matter.

Trade with caution and with smaller lot size to keep losses to a minimum (if any) until the mess is cleared.

Bye