Nifty Futures Trading

renu daga · #**9821** 3rd August 2008, 10:07 PM

asish da

thnks for sucha an subjective material,,though some things are very common, but still freshes up and i think many have removed this thought from their books that RSI menas oversold / overbought ,,,and range is 30/70,,,

i would request u put this part of knowledge in some other thread ,,,and try to post more subjective theories on simple indicators,,,whcih can be very fruitful for novice traders,,,and others too (if possible for u)

we lok for hi fi indicators but sometime we miss the simplest part of indicators ,,,whcih are always with us,,,a small good clarifications on them can teach us better and best..and everyone will know how to egt their own buy / sell signal which is the ulimate desire

renu
thnks alot

tsunil4u · #**9822** 4th August 2008, 07:36 AM

thanks u, asish da, for a detailed explanation..

(i have sent that request to traderji in his special thread for requests, as guided by czar)

tsunil4u · #**9823** 4th August 2008, 07:44 AM

Quote:

Originally Posted by tsunil4u

nifty has closed the gap not just of today's gap down but also of last friday's gap down...
key resistances of spot 4430 - 4450 - 4480

Quote:

Originally Posted by tsunil4u

now key supports for monday (FUT)
4393
4353

4333 - corresponds to spot's neckline of Inv H&S

just to brush up before day starts...

(as of now, SGX nifty is suggesting that it has again retraced from that strong downward sloping trendline...
if it fails to break above that before EOD, then it will a third failed attempt ...)

tsunil4u · #**9824** 4th August 2008, 10:03 AM

spot 4435-45 is the trendline resistance...
keeping fingers crossed & trailing Sl intact

renu daga · #**9825** 4th August 2008, 10:17 AM

i think ,, nifty may not pull up long so much,, some levels of 4370 ca n be seen today

renu
it has formed double top (roughly on 5min)

vishveshchauhan · #**9826** 4th August 2008, 10:34 AM

I think on 15 min chart NF is doing flat(3,3,5) correction on tradination forming flag, i think break of 4345 will confim 5th leg up.

RakeshG · #**9827** 4th August 2008, 10:34 AM

<<Originally Posted by RakeshG
Hi Sunil ..Thanks for the levels..can you please write in simple words the trade entry/ Tgts/ SLs for short trades using ur Pivot Levels..for immature traders like me to benefit thx a ton>>

Thanks Sunil for your valuable details explaination on how to use Pivot Levels for Tradings. Great stuff and hope i will start using them as suggested.. Once again thanks a ton! Rakesh

mitasatyajit · #**9828** 4th August 2008, 10:57 AM

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praveen taneja · #**9829** 4th August 2008, 11:01 AM

sir wat mean v can derive from this chart is downfall started????

mitasatyajit · #**9830** 4th August 2008, 11:10 AM

Quote:

Originally Posted by praveen taneja

sir wat mean v can derive from this chart is downfall started????

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We can conclude, T1, Red line are the resistance. T3 and T4 are supports. Nifty will remain sideways untill breaks T3.

Regards