Swing Trading for Nifty Futures

[saivenkat]

9/01/2012

Markets will be subdued today and tomorrow in relation to Dr Subramanian Swamy placing the certified documents in the court against Home Minister P Chidambaram in relation to the controversial 2G case.

If we don't see today's Close Price higher then Friday's i.e. 4772 then a reversal in price is eminent and it will be profound if market falls after Infosys results which is on 12/1/2012 Thursday.

The certified documents produced by Dr Swamy are so potent that they can lead to issuing summons to home Minister P Chidambaram which will result in (perhaps) a deadly blow to the ruling UPA as this time it will be one of the Core ministers of Congress who will be tainted and that too, too the extent of hiding information about two foreign companies which were black listed by Home Ministry to do business in India.

Allowing black listed companies to do business in India is putting India's Security in the hands of an enemy.

P Chidambaram was a Finance minister when the decision of transferring shares from Unitech to Etisalat of UAE and Swan to M/s Telenor of Norway was taken both Etisalat and Norway are black listed companies.

The hearing of argument of Dr Swamy v/s P Chidambaram is on 21/1/2012 Saturday and on 24/1/2012 we have a Credit Policy review.

So till then the punter's, trader's and the likes will be again facing a double edge sword.

It will not be Happy Trading as long as this bamboo in the name of PC obstructs the market.

Yes it can be Happy Trading for people who are traditionally shorting the market in every bad news and this is the BAAP of bad news.

I'll Say Happy Shorting after Infosys results cause if the market does not rise thereafter there are no Happy Triggers to go Long.

NF Close = 4757, Nifty spot close = 4742. Now what does ur system say ?

Is your strategy dependent on NEWS BASED movements.. ,coz u have dealt in length the "What if.. part " the politics.

 

[kthakker0]

10/1/2012

My dear friend politics does navigate markets at times especially when Home Minister is about to be summoned and that too in a corruption case.

OK! Back to business...

Market today has Gapped Up and given a signal that PC is not important for now as his date is on 21/1/2012 Saturday, so let the market do the best it does.

Make smart people mint money.

Today Nifty Futures has opened near our toughest resistant 4885 - 87 and gone over it and this signifies that our target of 4883 - 4905 is still possible even after all that roller costar ride.

Since Nifty Futures (NF) has crossed our tough resistance of 4785-87 with ease it has now become our strongest support.

Although NF has opened beyond today's range but as said before we have a resistance at 4826

Lets see what the market is up to today.

As said we only live for a day and that's TODAY

Happy Trading.

 

[kthakker0]

10/1/2012

Hi

Tomorrow (11/1/2012 Wednesday) when Nifty Futures goes above 4883 it time to go short as per one's risk control. NF between 4922 - 4905 is a definite Go Short Call

Happy Trading

Disclaimer: Trade at your own risk as this is just a forecast. Please consult your adviser or broker before trading as per the forecast given here in.

 

[kthakker0]

11/1/2012

Our target was 4883 - 4905

Its time to go short as our target of 4883 is achieved

And greedy individuals can wait for Nifty Futures between 4883 - 4905 or 4905 - 4922 to short

But Close above 4922 will see Nifty Futures @ 5030 so keep 4925 as a strict Stop Loss for Shorts

Happy Trading

 

[kthakker0]

12/1/2012

The downward target is between 4750 - 4725

With support @ 4787

Happy Shorting.

 

[priyabalan]

12/1/2012

The downward target is between 4750 - 4725

With support @ 4787

Happy Shorting.

Hi,

I am following this thread very closely.I have shorted nifty will the market gap up tomorrow and when the above target of 4750 likely to be achieved.what is the stop loss for longs.

thanks
priya

 

[kthakker0]

Hi,

I am following this thread very closely.I have shorted nifty will the market gap up tomorrow and when the above target of 4750 likely to be achieved.what is the stop loss for longs.

thanks
priya

My long target was 4883 - 4905 which is complete when 4883 was breached.

And 4883 remains the toughest level to close above for NF as of now.

But if NF trades above 4883 for more than 10 - 15 minutes you can consider to square up all the short position as NF trading above 4883 and if closes above 4905, as it has the potential to touch 5030.

NF today's trading range is between 4883 - 4805 with 4864 as the focal point but today's close below 4844 will confirm the fall in NF

Happy Trading

 

[prst]

Hi,

I am following this thread very closely.I have shorted nifty will the market gap up tomorrow and when the above target of 4750 likely to be achieved.what is the stop loss for longs.

thanks
priya

right now, it seems nothing can move the markets down

 

[kthakker0]

right now, it seems nothing can move the markets down

This how the market works it will make you think some thing else but it will do what it has to do.

Markets behave in certain way but understanding that way is like knowing a person, many a times we think we know the person but still there is something we don't know. Same goes with the market.

Instead of predicting intra day moves try to see a few days in futures and you will see a whole new trading world.

Even I am not perfect but I try to keep my self safe with the knowledge I have and try to get extra info (no matter how small or insignificant it might be)

As said you live every day

Happy Trading

 

[kthakker0]

Hi all,

Bank Nifty closing below 8930 will see market falling further

I don't track Bank Nifty but this input is from my friend.

Monday 16/1/2012 is the day to watch when market will show its true colors


Happy Trading