Swing Trading for Nifty Futures

[Aditya.ambasta]

Hi,

I want to know Feb NF high today and only then will I take a position.

If you have read my previous thread(s) I have said way back that my forecast high for this rally is 5220 and today's Feb NF high will show me what the market is about to do.

Sometimes its good to watch the market by being neutral.

Answer for your question is "No" I am not trading today.

And as said I am still studying the market.

Happy Trading

keep it up:clapping::clapping:
i hv shorted @ 5194 and coverd @ 5174 and happy with 20 point
my put is still open
really u r master mind buddy 4 niftyagain :clapping::clapping::clapping::clapping:

 

[kthakker0]

25/1/2012

Hi all,

Neither Jan NF traded above 5177 nor Feb NF High was above 5207, both signals coincides that Friday NF high should be = or < 5190 which is a signal to go short for the confirmed target of 5080 here 5120 could be a support before 5080 is reached.

Sellers keep a stop loss @ 5207


Happy Trading.

 

[kthakker0]

26/1/2012

Hi all,

As forecasted previously, short sellers would be crushed beyond doubt on the Wednesday, has become a reality.

Now some revelation which Bears would dislike becoming a reality

Looking at the SGX Nifty data it seems that our target of 5220 should be achieved on Friday.

If that happens, its good news in a way that our forecasted target 5220 is achieved against all odds. (Even I suspected the same if you have read my previous thread)

Second if we see a close above 5220 on Friday (which could happen according to SGX Nifty data) it will be difficult for many to reason what the market is up to, because the next target will be 5300 which according to almost every one is unthinkable in this extremely over bought situation, as many would have been in short position thinking that in new series The Market Has To Fall.

But as said this market has its own way to remind every one who's the Boss

So please be careful on Friday, as Friday should be very tricky for most traders as they would not be able to go long and many would be vary to add shorts and almost every one would be weary to predict the next trend.

Market on Friday would be in chaos due to above revelation, if this happens then I will be a spectator for one more day and would like to see how my forecasts are being played out.

Instead of Happy Trading

This Time it's Learning the Market by Watching them with out being a Trader

 

[Aditya.ambasta]

Hiiiiiii
good morning

 

[Aditya.ambasta]

wt is your prediction bro?:thumb:

 

[kthakker0]

27/1/2012

Hi all,

Wow! what a revelation, disliked by short sellers.

5220 target achieved

Enjoy the weekend before preparing for Monday

Any way's
Monday's range is between 5195 - 5156 with 5176 as a focal point.

High could be 5235 (I am not sure weather it will be reached) which is also a tough resistance to over come.

Now I am in a fix, about 5156 as it will be 1 out of the two possibility
1> Either it's Monday intraday down target or
2> It would form support for price to rise higher.

5157 in a way is going to be hard to break down. But if it happens then 5080 is next in line

Well let the market tell us on Monday

Happy Weekend

 

[Aditya.ambasta]

friend
on monday u will go 4 short ?
i hv open two put which i hv taken @ 5130,5197
i m little bit scare
rat mind is disturbing me wn i am thinking about 5300.5400 level.

 

[kthakker0]

28/1/2012 Saturday

Hi all,

As I was going thru the SGX Nifty EOD Data I saw that SGX Nfity has actually closed below its previous close price, which in a way signals that the strong upward momentum is loosing steam.

And the US market has also closed lower on Friday then it's previous close.

Both of the above indicators signal's that we may see some profit booking in India as well, but as we all know "India is a bit Different" India does not always follow the world market.

But if it does follow them or the technical indicators, which suggest's that Market is in extremely over bought zone, then we should see profit booking on / from Monday.

And if that happens then we already have Monday's NF price range in my previous thread with support and resistance levels.

I hope that this news (is / should) be a good one for those who are already short.

And I also hope you are and will be enjoying your weekend after all.

Happy Weekend

 

[dawood.shaikh]

i also agree with you

 

[manoharpillai]

Weekly Pivot... R-1 5274 R-2 5343 PIVOT- 5147 S1-5078 S2-4951

watch out 5147 if spot nifty trade below this may test S1-5078 and S2-4951 For shorts keep Intra day SL at 5220 (Friday's High)