Swing Trading for Nifty Futures

[kthakker0]

Hi all

It was sure short between 4905 - 4922 for greedy people as they are the ones who take risk and eat the Cream - al - Cream.

NF closing below 4874 will see down fall from Monday

NF closing above 4874 has the potential to change the negative sentiment to positive for following targets 4905 4922 4944 4985 5025

Happy Trading

 

[kthakker0]

16/1/2012

Hi all,

Greedy person would have made a killing on Friday.

4844 seems to be the most potent level and this will depend on the trend.

If today's Close is above 4844 it'll suggest that selling is absorbed and 4844 will become tough support.

If 4844 is broken in selling frenzy then it'll become tough resistance

If today's low is below 4808 then it could temporary disrupt the trend and the market will be volatile, bias detection will be tough as resistance and support will be violated

Today's range is 4922 - 4844 with 4883 as the focal point deciding the trend if price is above 4883 trend is positive and price below 4883 is negative.

As today sentiment is negative, lets see how does our 4844 level stand.

Happy Watching for today

 

[kthakker0]

16/1/2012

4844 lending it's tough support and NF rallying to 4895 levels proved that up trend target 5030 and above is possible.

Tomorrow's NF range is same as today 4922 - 4844 but with a positive bias.

No matter what today's Close is.

Tomorrow 4883 will be the focal point and the High should be higher than 4915 and if we get support from other world markets our target of NF above 5030 will be a reality sooner than later

Can keep your long as BTST or add tomorrow

Happy Trading

 

[kthakker0]

17/1/2012

Hi all,

NF has opened above our forecasted range of 4844 - 4922 this suggests that our target of 5030 is with in reach.

Today's extended range is between 4922 - 5000 with 4961 as a tough resistance.

We have 3 upward targets

5030: will be reached 100%
5055: reaches 9 out of 10 times
5080: is where we definitely square our long (if any)

Lets see how this market rewards us...


Happy Trading

 

[kthakker0]

17/1/2012

Hi all,

Loot loo jitnay ho sakay (Earn as much as you can)

Why? For 3 reasons

1> Home Minister PC has appointment with / at Supreme Court on 21/1/2012 Saturday

2> Credit Policy review on 24/1/2012 Tuesday

3> Series ending on 25/1/2012 Wednesday

Who knows God may shower more goodies even after the above 2 bamboos

Happy Looting (Earning) to any one and every one who can...

 

[kthakker0]

17/1/2012

Hi all,

Today's High will determine tomorrow's trend.

If today's High is above 5010 then tomorrow NF levels will be 5020 5040 5060 and should have the tendency to reach 5080 with support at 4980

If today's High is below 5005 then tomorrow range will be as of today 4922 - 5000 with strong support at 4950

All in all market is going to go up but there could be some consolidation.

Lets see how does our forecast pans out

Happy Trading

 

[kthakker0]

17/1/2012

Hi all,

As I was going thru my calculations it surprised me by showing the following scenarios...

Scene 1
The High if established below 5059 then we should see the decent Low between 4844 - 4883

Scene 2
The High if is above 5059, then the preceding fall will wipe out most of the rally going forward as the Low could be as Low as 4766 which is detrimental to this rally.

This is not a desirable scenario

Scene 3
If NF trades above 5059 then we have to see strong buying at those higher levels (above 5059) so as to see new High no short of 5220 so that the fall thereafter will be respectable other wise there will be chaos in the market.

I'll go with Scene 1 so for now the Sell zone is between 5040 till 5059 the moment I see NF @ 5060 I'll cover my shorts and then let the market show us where its heading.

So let's see how my calculation of High span out in a day or two and there after the market reaction to the same.

As said market has it own strange ways to deal

Happy Trading

 

[kthakker0]

18/1/2012

Hi all,

My net was down the whole day so I could not log on.

But nevertheless today NF consolidated and gyrated between the forecasted range of 5000 - 4922 and with this our target between 5030 - 5059 remains.

Don't be greedy this time like 4905-4922 as this target (5030-5059) when ever reached could be like today where the Open and the High are same.

When we see a High above or equal to 5030 it will be a signal to go short with a strict stop loss of 5060

Tomorrows range is 4922 - 4961 where we should get the opportunity to buy NF at 4942 (strong intra day support) for above target (I don't know when the target will be reached. But I know that they will be reached)

Happy Trading

 

[kthakker0]

19/1/2012

Hi all,

Since the Opening is above our trading range, the new range is 4961 - 5040 with strong support between 4981-4990

5000 is the area where many people are just waiting to short, so it could be a while before we see our levels.

Let the market show us our shorting levels only then it will seem that today is the day for shorting other wise we will wait for another day.

Happy Trading.

 

[kthakker0]

19/1/2012

Hi all,

Today every one was ready to press shorts at or above 5000 in NF due to a common perception that NF would not sustain much above 5000 levels.

This is the game of waiting and watching for levels and no matter what people says, market will do what it has to do. In this game we wait-watch for levels.

It seems that today market did not perform naturally due to the above open secret of pressing shorts at or above 5000 and when ever this unnatural kind of thing happens the repercussions are felt there after. Market always re-aligns itself with vengeance.

Tomorrow's range is distorted but the target for selling remains the same i.e. sell above 5030 with a strict stop loss at 5060

Tomorrow's importance is for 2 reason
1> Big brother's report card: Which has the capacity to shake the market.
2> Weekend: Double Dhamaal

Happy Trading