Swing Trading for Nifty Futures

[kthakker0]

18/07/2012 Wednesday

Hi all,

Since we are witnessing good support at lower levels, today was the day when in spite of trading lower (as expected) during the 1st two hours of opening, NF witness an upswing there after.

This up swing could be profit taking or to avoid getting caught on the wrong side, what ever be the case the bias going forward is still down as NF is still below 5273-5235 range.

Consistently trading and then closing above 5235 levels can be seen as a signal that trend is changing and further signals should be sought to get a clear picture.

Tomorrow's range is 5235-5156 with bias still on the lower side

5177 and 5188 are two Fibonacci levels of 5157 at which NF is finding support on daily basis. Breaking of these levels will see NF trading or reaching our targets of 5156-5133


Bye

 

[kthakker0]

19/07/2012 Thursday

Hi all,

When an obstacle that is hampering market growth is taken out the market breathes a sign of relief and this was precisely what our market did today. Market came to terms that Pranab is going to win the Presidential Election has shown its jubilation by opening gap up.

Today's open above 5235 with consistent trading and closing above the same has given a signal to the effect that trend is changing.

But today's traded range of NF is very small to get any meaning full analysis so in this case I'll again go by the range of 5235 -5273 for any further signals.

If this is in-deed a trend change signal then tomorrow we should see NF trading and closing above 5273

Its said that Mr. Pranab Mukerjee is the best trouble-shooter of Congress, but his skills did not go down well with our market, any ways we do wish him best of luck for his Presidential Election.


Bye

 

[kthakker0]

23/07/2012 Monday

Hi all,

The gap up opening of Thursday 19/07/2012 not able to break the high of range 5235-5273 signaled that the rally was a fake and on Friday the gap down open made it ample clear.

So it was obvious that the target of 5156-5133 will be achieved sooner then later and there was no point in writing the same story again.

With today's gap down opening, weekly momentum indicators have signaled a sell signal and monthly indicators have shown negative divergence. All these indicators shows that although our target has been achieved we could still see more downfall.

Tomorrow's range is 5195-5117 with 5166 as trend setter.

Two lower levels which can provide great support are 5117 and 5080 and the last one will be 5000.

Lets see from which level will we see a reversal.

Bye

 

[saurabhjain2005]

23/07/2012 Monday

Hi all,

The gap up opening of Thursday 19/07/2012 not able to break the high of range 5235-5273 signaled that the rally was a fake and on Friday the gap down open made it ample clear.

So it was obvious that the target of 5156-5133 will be achieved sooner then later and there was no point in writing the same story again.

With today's gap down opening, weekly momentum indicators have signaled a sell signal and monthly indicators have shown negative divergence. All these indicators shows that although our target has been achieved we could still see more downfall.

Tomorrow's range is 5195-5117 with 5166 as trend setter.

Two lower levels which can provide great support are 5117 and 5080 and the last one will be 5000.

Lets see from which level will we see a reversal.

Bye

Awesome predictions man!!! Keep posting...Our TV analysts should also read traderji before giving junk opinions...cheers :clap:

 

[kthakker0]

Awesome predictions man!!! Keep posting...Our TV analysts should also read traderji before giving junk opinions...cheers :clap:

Hi,

Traderji is a convenient social site for traders, investors, technical enthusiast among other alike who can discuss and put their opinions without any greed or fear.

We all are here to earn and learn. So if I benefit from some thing I think others should also have the same opportunity and benefit like wise.

In my opinion this market is the only market which caters to all the participants no matter what your pocket size and its open for every one who can earn as much as they can and in which ever stock or futures they can.

I hope that this site never goes down so that we all no matter in which corner of India we are, we always remain connected to each other.


Bye

 

[kthakker0]

24/07/2012 Tuesday

Hi all,

We had two bad signs today

• Yesterday's low of 5111 was broken
• High of 5156 is not breached

5117 is an important level, as yesterday and today it traded below this level for about 10 minutes but the volumes were not significant, but if NF trades below 5117 consistently with high volumes and going forward 5100 is broken then 5080 will be the new target.

Tomorrow's range is 5156-5117 with 5136 as the trend setter.

So in this case NF trading above 5136 will be the signal to initiate long trades and 5117 will be my SL for them.

Anna Hazara call for agitation is a good sign for all Indians to get together to fight against corruption as we cannot let our future be in the hands of illiterate bunch of fools who always takes decision behind closed doors for their own benefits.

This agitation is not good for the market in short run but long run sustainability of all markets needs stable and prudent economic policies which are free of corruption so that volatility does not ruin our prospect but instead all the markets prospers with each passing day.

Lets come together and unite for a good cause.


Bye

 

[kthakker0]

25/07/2012 Wednesday

Hi all,

Today's gap down opening below 5136 was a signal to go short for following levels 5117 then 5100 and the last support was @ 5080.

The above trail was mentioned yesterday and those who had followed it would have naturally made good money as 5080 was the last strong support from where NF retraced and gave us another opportunity to go long for levels between 5100 - 5117

Today's close below 5117 is not comforting as...

• Weekly indicators has already given a sell signal
• Tomorrow is the last day of series
• And then last day of the week

Tomorrow's range is 5117-5078

The range is showing lower high's and lower low's which is putting more pressure on the market.

5078 is my SL for all long trades.

We could see NF trading at lower levels or it may be volatile session for couple of days. Whatever the case, for me it's time to initiate long trade with 5078 as SL.

For the record, below 5078 the level is 5040

Lets see what's in store for us.

Bye

 

[timepass]

What about above 5117 ??

 

[kthakker0]

26/07/2012 Thursday

Hi all,

Yesterday's gap down opening gave us the opportunity to mint money and today we knew that NF will trade at lower levels, and so we got another opportunity to go short at the opening when NF traded below 5117.

Shorts were initiated in NF below 5117 for 5100 and then 5080 levels.

NF tried to rally from 5090 levels 3 times (as forecasted) and failed all the times, but in the last hour of trade when 5078 level was broken it was time to initiate or ride the existing shorts as 5040 was the next level which was eventually achieved.

Tomorrow's range is 5117-5040 and here 5040 is the second strong support before 5000.

With today's range daily indicators are in extremely OS zone and a bounce back which did not happen at 5080 level can happen any time, but weekly indicators which are still falling can create volatile sessions going forward.

Qtly results coupled with Anna Hazare's agitation and gov been on back foot for quite a while with inflation tying RBI hands in respect to interest rate cut, is distributing sleepless nights with free headache as bonus to all participants.

But no matter what, as long as we make money every day it's good. I personally feel even if we earn Rs. 1000/- per day it adds to nearly 25,000/- per month, which is a decent amount.

At the time of this writing the encouraging news is that European markets have closed up between 1.36% - 4.0% and US is up by 1.25%, so our market which is in extremely OS zone should follow them tomorrow.


Bye

 

[kthakker0]

What about above 5117 ??

Hi,

Above 5117 it's 5133-5156 I feel that in this pull back rally we should see NF trading between that range, but volatility (if any) will hamper the prospects of Options traders.


Bye