Trading Nifty by Levels

[hmsanil]

NO NEED TO TELL ANYTHING
YOU KNOW WHAT TO DO

Hi khushi,

In the image its showing 4706 as resistance(Green Line) and 4643 as support(Red Line) in 3 min chart.

But for me its showing 4719 resistance and 4629 Support, why is it differs for me. I am also in 3 min chart

Can u help me out to figure this?


Also can we use this indicator for commodities. When i checked it out there is no support and resistance lines for commodities

Can u please help me out

thanks


Anil

 

[msa5678]

That rally from 4680 to 4702...Seems it was to eat away the shorters SL's. But the volume was high. Confusing..

The big volume could mean only one thing, Many shorts have been squared off , And Fresh shorts may start any moment and take NF below 4665...

 

[manish9300]

so does it count as stoploss hit or are we still short?

 

[msa5678]

so does it count as stoploss hit or are we still short?

For day trading , Definitely it was a SL. For Positional SL is a little bit high.

 

[amitsh27]

anyone who buys NIFTY @ current level will gain 20-40 points by closing......kyunki short covering will start after lunch

 

[shivangi77]

Buy Signal>>> 4734.03.........Trgts: 4752.58 4765.79 4782.62 4804.00
Sell Signal>>>> 4673.97.........Trgts: 4655.42 4642.21 4625.38 4604.00

Mid-point:
Buy Above>> 4704.00.........Trgts: 4722.56 4727.60
Sell Below>> 4704.00.........Trgts: 4685.44 4680.40

 

[msa5678]

As Mr. Murthy said in the morning ""Later part of the day going to be very volatile"""

 

[letsgrownow]

For day trading , Definitely it was a SL. For Positional SL is a little bit high.

MSA Sir,
Can I go Short from here ??? Nifty Fut-DEC @ 4695....and NIFTY Fut JAN @ 4718...
I want to short it for Positional Short...What should be the Positional SL...??

Thanks

 

[shivangi77]

ONELIFECAP



Buy Signal>>>> 201.49.............Trgts: 204.57 206.77 209.56 213.12
Sell Signal>>>> 191.51.............Trgts: 188.43 186.23 183.44 179.88

Mid-point:
Buy Above>> 196.50.............Trgts: 199.58 200.42
Sell Below>> 196.50.............Trgts: 193.42 192.58

 

[msa5678]

MSA Sir,
Can I go Short from here ??? Nifty Fut-DEC @ 4695....and NIFTY Fut JAN @ 4718...
I want to short it for Positional Short...What should be the Positional SL...??

Thanks

Good positional short entry would have been around NF4757 or the second best would have been NF4737.

Current SAR is @ NF4747, If you can absorb a loss of (4737-4695=42Pts). Then go ahead. Pls note that the SAR is dynamic.

Hope , Khushiji will not mind for diverting the topic of the thread. Will remove the post if required.

Regards