| View previous topic :: View next topic |
| Author |
NF Trading Levels for 23.04.2009 |
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
Post: #1  Posted: Wed Apr 22, 2009 10:42 pm Post subject: NF Trading Levels for 23.04.2009 |
 |
|
NF Trading Levels for 23.04.2009
R5 3563.03
R4 3483.15
R3 3455.51
R2 3403.27
R1 3384.41
BULL 3353.90
LOC 3313.96
BEAR 3274.02
S1 3243.51
S2 3224.65
S3 3172.41
S4 3144.77
S5 3064.89
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
 |
|
| |
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #2 Posted: Thu Apr 23, 2009 3:37 pm Post subject: Followup |
|
|
Today's NF chart (5 Mins) with relevant levels marked
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
umesh_shah_09
White Belt
Joined: 08 Apr 2009
Posts: 1
|
| Post: #3 Posted: Thu Apr 23, 2009 4:59 pm Post subject: Not able to view the intraday NF levels during the market |
|
|
Dear Sir,
I am not able to view the NF intraday levels during the market hours. It helps me a lot to decide the trend .. please give the information to view the NF levels during the market hours....
Umesh Shah |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #4 Posted: Thu Apr 23, 2009 10:04 pm Post subject: Re: Not able to view the intraday NF levels during the marke |
|
|
| umesh_shah_09 wrote: | Dear Sir,
I am not able to view the NF intraday levels during the market hours. It helps me a lot to decide the trend .. please give the information to view the NF levels during the market hours....
Umesh Shah |
I have placed horizontal lines on the chart using the "Support/Resistance Levels" lines feature from JCharts' right click menu. These levels are not automatically placed on the charts.
I am trying to add these levels to "Live Charts (Futures)" product in the near future so one would not have to place these lines manually. For now you would have to place the lines manually.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
ravin_06
White Belt
Joined: 05 Oct 2008
Posts: 31
|
| Post: #5 Posted: Thu Apr 23, 2009 11:33 pm Post subject: NIFTY FUTURE LVL OF 23-04-2009. |
|
|
Dear sir,
Your NF LVL are very good.its give us confident to trade .Many thanks.
May i ask you regarding todays LOC LVL of 3313.96 ,@ 10.30 bar (in 5 mint TF) NF just touched @ 3314 & next 2 bars close above 3314 in that time can we go LONG ? Plz guide us. Thanks ones again.
Awaitng your reply.
 |
|
| Back to top |
|
|
SwingTrader
Site Admin
Joined: 11 Aug 2006
Posts: 2903
Location: Hyderabad, India
|
| Post: #6 Posted: Fri Apr 24, 2009 11:24 am Post subject: Re: NIFTY FUTURE LVL OF 23-04-2009. |
|
|
| ravin_06 wrote: | Dear sir,
Your NF LVL are very good.its give us confident to trade .Many thanks.
May i ask you regarding todays LOC LVL of 3313.96 ,@ 10.30 bar (in 5 mint TF) NF just touched @ 3314 & next 2 bars close above 3314 in that time can we go LONG ? Plz guide us. Thanks ones again.
Awaitng your reply.
|
There is no such mechanical rule BUT one reason to do this (go long) would be because you can place your stop just below LOC. So this is a low risk setup as you would not lose much if it broke down below LOC. Such ideas and more would come from using these levels for a while.
Even though LOC is a critical level do note that the level that supports/resists immediately after market open would be far more CRITICAL level for that day. So trading around that level is important.
The only mechanical rules I use around these levels are a buy/sell on breakout above minor swing highs/lows (on 5 min chart) in the direction of trend. Stops go midway beyond previous two levels.
_________________
Srikanth Kurdukar
@SwingTrader |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
