Trading Nifty by Levels

[shivangi77]

Today i feel Nifty facing Resistance @ 5290, if trades above then 5320 & 5350 will be next Resistance level.
Today support @ 5250, if stays below this level, then 5220 & 5190 r next supports.
I would like to say that anybody buying at lower level, keep strict stop-loss @ 5190..
As for me, 5190 is Magic figure, last hope for Bulls, this level if does not take support then i xpect Free Fall.
(Friends,I personally Dont Trade Nifty)

great dear, nifty returned from 5297, near your resistance, and low at 5247 near your support 5250, why dont you trade nifty again?

 

[Sridhar795318]

Today i feel Nifty facing Resistance @ 5290, if trades above then 5320 & 5350 will be next Resistance level.
Today support @ 5250, if stays below this level, then 5220 & 5190 r next supports.
I would like to say that anybody buying at lower level, keep strict stop-loss @ 5190..
As for me, 5190 is Magic figure, last hope for Bulls, this level if does not take support then i xpect Free Fall.
(Friends,I personally Dont Trade Nifty)

great dear, nifty returned from 5297, near your resistance, and low at 5247 near your support 5250, why dont you trade nifty again?

Your NF levels are very good Khushi :clapping:. It is easier to trade NF with your levels than trade stocks with any complicated system or AFL. A more relaxed way of trading would be with commodities. Kamlesh Uttam has an excellent thread on commodities.

For anyone who can practice one trade a day and 5 trades a week (at max)....here is one idea...

Show on your charts:

(a) All important trendlines (BRLs & BSLs) from all Time frames
(b) Classic Pivot points, Daily, Weekly, Monthly
(c) Important immediate Swing High/ Low levels

Update your charts on free time, i do it on Saturday/Sunday....During the trading days you would find sufficient instances of concurrence of supports and resistances....

1. Now...let the market come to those levels...
2. Let a candle signal should form there....
3. Then you should wait for the stochastics to take a clear turn...

4. Now enter with two units and put stop loss order below/above this support/resistance zone now...
5. Book profit on one unit to reach to breakeven on trade, keep one unit for the long term profits by revising stop loss levels at swing highs/lows thus formed.

"but when it comes to commodities.. its smooth sailing.. the 10-20 pip trades in fx still seems a meaningful way to make money to me.. one can do that in fx and commodities and make money"...............this i like it...:thumb:.


When someone asks me how to beat any competitive exam in India....be it IIT, ICS, CAT...whatever...i just say two things to follow....

1. Master previous 10 years papers...(Trading Analog - Demo Trading, triple your account).
2. Most (80%) of the selections are by solving EASY questions CORRECTLY....so don't take negative marks in easy questions...even no need to cover tough syllabus... (Trading Analog - Make money in commodities:lol....

Compare the risk taken in stocks versus NF in the worst case scenario. Give NF, Forex and Commodities a good thought and do what ever you think is suitable. Oh well, these are just some thoughts and I could be all wrong. I also don't know your situation.
Whatever you decide to do we support you .

 

[khushi00]

Sorry friends got very Late today but still if it help you:
Already I have written 5190 is very strong support & Last hope for bulls
I wont change the levels Today also
Today's Resistance @ 5285 if stays above this level thn next Resistace @ 5320 & 5345
Today's Support @ 5245 if trade below this level thn nxt levels r 5220 & 5190
if this also dont prove as support thn non stop slide is expected wid Target 5100 & 5050

 

[khushi00]

Your NF levels are very good Khushi :clapping:. It is easier to trade NF with your levels than trade stocks with any complicated system or AFL. A more relaxed way of trading would be with commodities. Kamlesh Uttam has an excellent thread on commodities.





Compare the risk taken in stocks versus NF in the worst case scenario. Give NF, Forex and Commodities a good thought and do what ever you think is suitable. Oh well, these are just some thoughts and I could be all wrong. I also don't know your situation.
Whatever you decide to do we support you .

Hi sridhar, i really dont know , y i developed a kind of fear for nifty.............?????

 

[khushi00]

Nifty again traded near by strong support level
Support at 5180 to 5190 around.. Means Last hope for Bulls!
if Nifty break 5180, Free Fall will be expected by me
Next support at 5125 & 5085
Risky Fellow traders can buy lower level by keepin strict stop-loss @ 5180 OR if below they can sell
Todays Resistance @ 5270, if sustain above this,then 5290 can be taken as next resistance.

 

[rajesh_sharma]

Nifty again traded near by strong support level
Support at 5180 to 5190 around.. Means Last hope for Bulls!
if Nifty break 5180, Free Fall will be expected by me
Next support at 5125 & 5085
Risky Fellow traders can buy lower level by keepin strict stop-loss @ 5180 OR if below they can sell
Todays Resistance @ 5270, if sustain above this,then 5290 can be taken as next resistance.

subah 9.35 par aapke resistance par i sold nifty at 5270 current........ got 20 points.keep it up:clap:
ab apki dusri resistance 5290 par hai..... kya karna chahiye

 

[shivangi77]

Today's
Resistance: 5230, 5255, 5280
Support: 5180, 5130, 5085
-source: khushi

 

[shivangi77]

so far
5230 proving as true resistance
5180 proving as true support

 

[AnAtheist]

so far
5230 proving as true resistance
5180 proving as true support

Hello
Shivangi

today your nifty cash level hits bulls eye.:thumb:
so congrats you and khushi's Mom for making usefull tools.
I have khushi's few excel sheets but i don't have this one , will you or khushi's mom plz post link from where i get this formula to calculate nifty level .

Regards
AnAthist

 

[anantharaaman]

is this cash nifty lvl or future lvl