• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Nifty future range trading strategy: Trade Support and resistance

By Bhaveek Patel 1 Comment

Here is short term range trading strategy for nifty future, hourly chart suggest levels of support resistance for short term:
Strong support can be found at 5640 level, where as strong resistance 5720 level for nifty spot.

Nifty future range trading strategy

So, one can buy nifty around 5640 level for target of 5700 and one can short nifty at 5720 for target as 5670 level. Stop loss will be, exit when nifty breaks out of this range. We cannot rule that price will continue in this range; still hoping for a breakout from this range sooner or later; Lets hope we are not late in picking this trading idea. However, we are trend trader and don’t take trade in such range bound markets. Trading published on 30 October 2012.

Share4
Tweet
Pin
5 Shares

You Should Read This:

  1. Nifty Futures Support Resistance Level For 30 December 2010 Nifty futures has been trading almost flat for last 1 week due to lack of liquidity in the markets. We see a resistance level do exist near 6091 level, so our initial strategy for today...
  2. Nifty Futures Support Resistance Level For 22 December 2010 Nifty futures has been following the global cues from strong asian markets. We see a resistance level do exist near 6043 level, so our initial strategy for today is to wait for breakout in nifty...
  3. Nifty Futures Support Resistance Level For 13-December 2010 Nifty futures has been weakening but we see a support level do exist near 5827 level, so our initial strategy for today is to sell nifty futures near 5966 level for intraday targets of 5817...
  4. Nifty Futures Support Resistance Trading Level For 21 March 2011 After strong selling on last Friday, we have changed our sentiment from consolidation to bearish. Today Nifty futures is trading in tight range, before any further up move. We see this type of movement to...
  5. Nifty Futures Support Resistance Trading Level For 25 March 2011 After strong buying yesterday, we have changed our sentiment from consolidation to bullish for near term. Today Nifty futures is trading in tight range, but still given a positive breakout targeting the 5600 level. We...

Category: Nifty Tags: Nifty Resistance/ Nifty Support/ Range Trading/ Support and Resistance/ Trading Strategy

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Comments

  1. Karan says

    Trading support and resistance can be very profitable strategy in market. One of my trading friend has been really good at it and he have been making living out of stock markets trading just stock/index options.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Nifty options open interest sheet for November expiry series
Next Post: List of Stocks available for Trading in NSE Futures and Options

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2023
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2023
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2023 Should you buy?
  • BSE Penny Stocks List 2023

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2023 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean