Swing Trading for Nifty Futures

[Aditya.ambasta]

24/1/2012

Now 5080 has become not only a strong focal point but a strong support as well, traders can initiate a buy if and when NF fall towards it for target of + 5220

Tomorrows range is 5040 - 5200 with a strong support at 5080

Till now market is good for bulls with an aim of crushing the bears

But as said, Market has its own way of making people understand who's the boss

So Happy Trading.

Market has its own way of making people understand who's the boss
u r right:clapping::clapping::clapping:
i m confuse wt sud be my SL if i hv taken position of buy@5131
need ur assistance
i think 5120 or ?

 

[kthakker0]

Market has its own way of making people understand who's the boss
u r right:clapping::clapping::clapping:
i m confuse wt sud be my SL if i hv taken position of buy@5131
need ur assistance
i think 5120 or ?

Hi,

Focal point is only for that particular day

So 5120 is for today as per it's new range

NF below 5120 has the tendency to reach 5080 and as said tomorrows range is between 5040 - 5200

5139 is strong resistance which has to be breached for higher target

Stop Loss is individual money mgnt aspect keeping in mind the amount of loss one is willing to suffer, other statutory costs excluded.

So trade according to your money mgnt levels or how much Loss you can bear

Happy Trading.

 

[Aditya.ambasta]

friend
make me clear if i wud be wrong----
* I Think now i should go 4 short side coz u told 5139 showing strong ressistancs.
* According to 50 EMA it wud be bullish one or two week
200 EMA indicate bullish 4 one week and bearish 4 long term
*Analist - Sukhani told yesterday t8 after jan expiry maket wud be close even 5100 above but in feb it wud be bearish
i hv taken one put @ 5141
make me correct please if i am thinking wrong here.

 

[kthakker0]

friend
make me clear if i wud be wrong----
* I Think now i should go 4 short side coz u told 5139 showing strong ressistancs.
* According to 50 EMA it wud be bullish one or two week
200 EMA indicate bullish 4 one week and bearish 4 long term
*Analist - Sukhani told yesterday t8 after jan expiry maket wud be close even 5100 above but in feb it wud be bearish
i hv taken one put @ 5141
make me correct please if i am thinking wrong here.

Hi,

5139 is indeed a strong resistance and you have done a good thing to have bought a put, even I squared my long NF @ 5142

If NF closes below 5120 then the chance of reaching 5080 tomorrow increases
but close above 5120 tells that under tone is bullish and short seller could be trapped if they think that price will fall.

Most of them feel that market should now fall significantly but as said market is smarter then all of us and time-time is endows upon us "who's the boss"

Use your judgement accordingly and trade as per the level.

I from my side will buy NF if it trades @ 5080 level tomorrow

Happy Trading

 

[Aditya.ambasta]

may i know friend your lot size.?

 

[kthakker0]

friend nice coz ur position now squareoff:clapping:
now u hv just told t8 u will buy @5080 level
but you have mention tomorrow range wud be 5040-5200
please make me confirm you are Day trader or swing?
i think 4 day trader can go 4 long side. but if u swing trader tn go 4 short side coz from 27 feb nifty wud be bearish.( prediction- sukhani)
but you are smarter here so keep it up:thumb::thumb::thumb:
but please tell me u r day trader or swing.

Hi,

Day or Swing what's the difference

Cause we see Day / Swing traders around us who are quashed with out mercy when they are on the wrong side of the trend.

So the real question you should be asking your self ever time before you put your trade is, Which side of the trend am I"

I, for many a times, was on the wrong side of the trend when I started my journey in this non stop / every raging battle field.

And just a couple of days ago I booked a loss of 10 points in NF

But, every fall made me stronger, every little scrap of info made me more informed about how the market works and I matured into knowing what, when and how much to expect from the market.

No matter how insignificant the profit looks it a million-million times better then to book a loss.

Just do what we all are doing, anticipate and follow the trend, the correct trend


Happy Trading

 

[kthakker0]

24/1/2012

Hi all,

Today's LTP was 5108 but close is 5120 which was today's focal point, this tells that the under tone is still bullish.

As stated tomorrow's range between 5040 - 5200 and it has many resistance levels going forward...

The following are the resistance levels: 5139, 5158, 5177, 5197 and finally 5220 and there are chances that trend could reverse from any of the above mentioned levels.

But NF trading above 5177 has the potential to reach 5220

Happy Trading

 

[Aditya.ambasta]

hiiiiii good morning guys

 

[Aditya.ambasta]

nifty opened @ 5145
tn wt sud be the plan it is high of yesterday's high and close
? sud we wait 4 5080 level..

 

[kthakker0]

25/1/2012

Hi all,

Yesterday's close at 5120 and today's Open above 5139 signifies that the under tone is still bullish and as given are the various resistance levels which, as going forward, will become increasingly difficult for NF to over come.

Today being the last day of series, bears would like to see the fall happening and bulls on the other hand would not like to go this opportunity go pass by to crush the bears

So let the market decide what it wants.

It is precisely for this reason I squared up my long and did not short.

Happy Trading