Swing Trading for Nifty Futures

[sudris]

02/02/2012 Thursday

Hi all,

Trading activity that will happen on Feb 8, 9 and 10 are important, as trading during those 3 days will shape the future course of trend.

Anything wrong with 6 & 7?

 

[kthakker0]

Anything wrong with 6 & 7?

Hi,

No, there is nothing wrong on 6 & 7, they are normal days, but as every person has important date(s) in his / her life like birth date, anniversary, and the likes, so does the market, which has important dates of its own, they are named as turning days, trading which happens on those turning days gives us indication where the trend is headed.

As I say, I am still gathering little scraps of information about the market from where ever I can to increase my knowledge on how the market works and this is one of them.

Happy Trading

 

[kthakker0]

03/02/2012 Friday

Hi all,

Today's Summary as forecasted
Most of the day NF traded within our range 5315 - 5235 with resistance @ 5273 and 5295, but the moment NF broke above 5315-5318 it reached 5335 and then it reached 5357 which is the Top for today.

So we have reached our target of 5357 (I thought the high would be 5335)

But nevertheless we have achieved our goal.
==================================================================================================

Now going forward, tomorrow is a big bamboo day in the name of PC again, I presume that the verdict could be adjourned for some other day, but what ever and when ever the verdict is given the market will again wobble

I think the time is long past due that we should consider seriously who we elect during the election.

India as a nation is been looked upon as the place of crooks and highly fertile ground to bread corruption.

Let's at least make a point to do (even a tiny work will help) some thing against this menace.

Monday trading will depend upon tomorrows PC's outcome.

Monday's range is 5351 - 5273 with 5313 as focal point, close below it will trigger the downfall

But I hope you all ready for a repeated bash during this weekend


Happy Weekend.

 

[kthakker0]

06/02/2012 Monday

Hi all,

The gap up opening at 5391 is above today's range of 5351 - 5273 so the new range is 5429 - 5351 with 5390 not only a focal point but a strong resistance going forward.

Our initial High of 5372 will play both the ways on daily basis i.e if NF is trading above 5372 will be support and below it will be resistance.

5350 going forward is tough support, Close below 5350 will see 5312 and 5350 will become a strong resistance to overcome.

If today's Low is below 5339 then tomorrow's Low should be 5312 or lower.

But if we don't see a Low below 5339 today then as said, tomorrow 5350 will be a strong support

Happy Trading

 

[kthakker0]

06/02/2012 Monday

NF movement suggest's that Bears are laying a trap for the in-experienced bulls.

Lets see how far and which side succeeds The Bears or The Bulls.

Happy Trading

 

[kthakker0]

06/02/2012 Monday


NF has moved as per our forecast and the only thorn now is the close, lets see what's the official close for NF is, if its above 5350 then as said it will become a strong support or else...

Today's low of 5332 is also one of our previous forecasted high from where NF rallied and 5332 being today's low, tomorrow 5312 will act as a resistance if NF trades below it or a support for further rally if NF remains above it.

Tomorrow NF above 5391 will see new high but it's a tough resistance for rally as long as NF is below it, besides 5372, 5350, 5332, and 5313 will act as support / resistance depending how NF gyrates between them.

5350 is focal point for tomorrow.

Market is awaiting a fall, which for some reason is resisting to oblige but since the fall is past due, when ever it happens it could be with out mercy for bulls

As previously said 8 -10 Feb are imp trading days and will decide the future trend of the market. NF trading above or below the Close Price of Feb 8 will decide the future in real time for every one (who can) to see.



Happy Trading.

 

[timepass]

With all those permutations & combinations, tomorrow may turn out to be a narrow range day, like the ones we had earlier on the way up.

Good stuff, Thakker, keep them coming :thumb:

 

[lakish80]

Re: Swing Trading with Nifty Futures

hi can you share with me your system??

 

[kthakker0]

With all those permutations & combinations, tomorrow may turn out to be a narrow range day, like the ones we had earlier on the way up.

Good stuff, Thakker, keep them coming :thumb:

Hi,

Ya man these permutations & combinations are the calculations / nuts and bolts that any and all the markets run on, and I try to understand them to know which one will start a new trend or how long the trend will last, because once you get a hold of these permutations & combinations, then you ride the wave with greater confidence and as your confidence increases so does your wallet / bank balance.

Wish me luck to understand them in a better way then I am till now.

Bye

 

[kthakker0]

Re: Swing Trading with Nifty Futures

hi can you share with me your system??

Hi,

Its not a system it involves some calculation's which I am trying to get hold of and because I am still learning I will not be able to share it.

My main aim of writing this thread is to know how many mistakes I make in real time situation and how much knowledge I have gained.

I trade as per what I write and if you have read my previous threads a couple of weeks ago, where in I also have suffered some loss due to NF zooming past my stop loss target.

I still need some time to get acquainted to these calculations

Bye