Nifty Futures Trading

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uasish

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Re: Time to Stick my Neck Out ,Nifty 7300

Nifty Fut EoD ,i am not comfortable as it has not closed above my SL of Yellow Line.
There is a confluence of both EoD's Stop & 1 mins Lakshman Rekha,hence will watch for 4908.00 in Nifty Fut.
 
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Re: Time to Stick my Neck Out ,Nifty 7300

On the 60min charts,4933 on NF is the pivot high so far,.....the decisive break of which can trigger a 60min uptrend.

But the SGX NIFTY so far showing a gap down of about 150pts,which means below even recent pivot lows,meaning the 60min dntrend continues.

For now,a wait n watch....

Saint
 
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uasish

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Re: Time to Stick my Neck Out ,Nifty 7300

For last few days the Downtrend in Nifty will start telling on the Nerves of Institutional guys now.Only thing is will Nifty act fast or act slowly,if slowly then all Hopes of retail will take a serious beating.
 
Re: Time to Stick my Neck Out ,Nifty 7300

Shorted at 4765,SL 4795

Saint
 
Re: Time to Stick my Neck Out ,Nifty 7300

Breakdown below previous pivot lows on longer term charts....

Saint
 
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