Nifty Futures Trading

tsunil4u · #**9011** 25th July 2008, 10:50 AM

Quote:

Originally Posted by uasish

A Pivot as Saint taught us in Kolkata is like this :=

You must have seen the Congress Parties Symbol the Palm/Hand .
1)The middle finger is Pivotal High becoz of 2 fingers on left the thumb & forefinger & 2 fingers in right the ring finger & little finger.
2) Visible even from a distance.

Now if you reverse the plam/hand you will get the Pivotal Low.

Hope now your confussion is clear,look at charts in IChart / ***** / etc. if you dont have a facility to see chart then how are you trading.

(bit off track....)
so, we show middle finger to pivot when our SL is hit...

tsunil4u · #**9012** 25th July 2008, 10:53 AM

out of remaining shorts at 4360.. now lets see HOD or LOD

tsunil4u · #**9013** 25th July 2008, 11:01 AM

ideally, if S1 is not held, then S2 is tested... waiting for 4352 FUT / 4335 SPOT to break

tsunil4u · #**9014** 25th July 2008, 11:08 AM

Quote:

Originally Posted by tsunil4u

ideally, if S1 is not held, then S2 is tested... waiting for 4352 FUT / 4335 SPOT to break

4335 is holding as of now...
but below 4335, optically no support till 4315
4300 is S2

renu daga · #**9015** 25th July 2008, 11:11 AM

in fut,, s1 fopr today is 4380 which has not crossed at all...

renu

nonstopkaran · #**9016** 25th July 2008, 11:14 AM

short @ 4347

uasish · #**9017** 25th July 2008, 11:18 AM

Quote:

Originally Posted by uasish

So after exibiting weakness from 70 went to 60 ,let us now watch its presnt up move's strenght.

Guys better to read as the Price says could that move cross ?
1)Tape Reading is one very important aspect when we are scalping/or trying to catch very short moves.
Never have seen a successfull scalper WHO cant read Tape.

2)TBQ/TSQ ................,it's ROC is seen at imp Supp/Res points for confirmation what Tape says.

I am Short since that up move from 60 cant surpass 70.00 ,with Stop at 81.00

nonstopkaran · #**9018** 25th July 2008, 11:21 AM

Quote:

Originally Posted by nonstopkaran

short @ 4347

SL triggered 4360 -13 points

debdeeps · #**9019** 25th July 2008, 11:22 AM

Looks like formed the HL at 4332, now crossing 4368 will only confirm the uptrend.

uasish · #**9020** 25th July 2008, 11:24 AM

Looking at Europe ,etc, will never give us any formidable clue.
No body ;Retail / FII/ Fund CAN NOT BYPASS Tape,no under the table Order facility are there in NSE, ALL in Tape,hence is'nt it prudent to observe that for immediate guidance.