Nifty Futures Trading Part 2 (Positional)

[mitasatyajit]

according to my charts it is around 4325 level...so I would recommend giving a cushion of 2-5 points, so 4321 would be an ideal place to short....

Can we b long there (4325/4326) ? with 2-5 points stop.

 

[orderflow13]

eh charts telling the same thing, but 4300 level , the bulls will defend for sure, i will wait for that level, n iniflation data might come down... today m not reading in chart, volume is way too level , wt u sa y

 

[rishig38]

Can we b long there (4325/4326) ? with 2-5 points stop.

sure...it already came down to 4328...next down wave might just take us 4320 level though..

but then Sunil's chowkidaar of 4315 would come in play...

but it seems like these longs should only be intraday plays as the main trend seems to be downwards...

 

[orderflow13]

volatility going to increase, its now on bottom level, buying option now wd be wise......

 

[rishig38]

sure...it already came down to 4328...next down wave might just take us 4320 level though..

but then Sunil's chowkidaar of 4315 would come in play...

but it seems like these longs should only be intraday plays as the main trend seems to be downwards...

i went long at 4325 Spot level lets see if we get an upmove..otherwise I will treat this long as a covering of my shorts from yesterday either way i AM GOOD...

 

[Czar]

I believe the range bound market is about to end soon... ofcourse for intraday these levels seem fine, but I am sticking to the position trade I have

 

[rishig38]

I believe the range bound market is about to end soon...

agreed..if today we touch 4300, then 4000 for sure...

 

[orderflow13]

rishig, i am waiting for euro market to open ...how they taking the euro currency fall is interesting to see

 

[orderflow13]

czar what is horly chart saying ? any directional ques ?

 

[Czar]

I may be totally wrong but I see a move till 4250 atleast, Please nobody take this as a call its only for discussion sake...

Alex: Hourly, only after a hourly pull back can i judge how further we can fall, so i ride the shorts till then..