Daily Tryst with Nifty

[WOD]

If we go below 4040 - then barring the 2 wrb's - we can almost say triple top ...
What say?

Looks difficult today...might happen tomorow (bearish flag on 60 min still alive)..

Lets see.....

 

[ag_fx]

Just remember:

we are first looking at CROSSOVERS above 80 & below 20...
and then for PH/PL break, as case may be.



Filters, as per comfort - min 2, max 5
I use TRIX indicator on 2min chart - if that is green before i go long using stoch adaptation method, then I may put filter as 2 also.

SL - Pride advises to refer to the last 2 bars' lowest low for longs, and vice versa...
Proper 5min flow says, SL should be the last PL, if long
Experience says, stick to PHs & PLs too for SL

Ok..Im gonna test this on the following parameters:

Short/Long entry:
1) A 5 min stoch crossover above 80/below 20 level.
2) Look for PL /PHbreak(as per ambush rules)
3)Use 0.1% of NF value as filter.(in current zone it will come to 2-5 only)
4) Initial SL at the last PH/PL
5)Cover half lots at +15
6)Once covered half lots, Put rest on BE and trail for rest of the time.


Any suggestions/modifications for this?

 

[MurAtt]

WoW -- Look at the wrb's today -- and exactly one of the opposite color in the next!!!
Tussle .....
Where do we end up today and 2morrow ....
Will hv to wait n watch .,..

The rectangle worth 50 pts still intact from 4105-4065
When will it break

 

[Sunil]

Re: Pivot!!!!!!!!!!!!!!

SINCE 12 IN THE AFTERNOON I HAD BEEN MENTIONING ABOUT THE IMMEDIATE RESISTANCE AT 4108 AND NIFTY FUTURES EXACTLY HIT 4109.90 AND MINI NIFTY HAS HIT 4108 ON DOT


[/B]

I request you to please keep your posts to your thread, as each thread has a different purpose...

Just checked that post - u have mentioned a band of 4093-4108

ABOVE THE IMMEDIATE RESISTANCE OF 4077 THE IMMEDIATE RESISTANCE IS PEGGED AT 4093 - 4108 REGION.



FURTHER SUSTAINING ABOVE 4108 WILL TAKE NIFTY FUTURES TO 4124 - 4141 REGION.

IF NIFTY FUTURES DOES NOT SUSTAIN ABOVE 4077 THEN IT WILL TAKE SUPPORT AT 4058 - 4033

[/B]

Just refer yesterday's 60min WRB HIGH - it's at 4103

Anyone who studies charts properly (this post may help) will come to know about supports & resistances....
But, NO ONE can say for sure, when a support will be held, and when it will break...
One can always say, xxxx is crucial, if holds then upmove - if breaks, then downmove....SIMPLE PLAY OF WORDS... IF ONE TRADES IT, THEN GOOD FOR HIM/HER, AS ONE ALONE DESERVES THE PROFIR/LOSS

It's only the real traders (who put in their money) will want to reassure & confirm when to do what.
A mere analyst (non-trader) are available dime-a-dozen in market with their sms & Yah00 service

Newbies need such guidance, and I have always appreciated your gesture (being a paid TA with a broker, u have ample time to post such lengthy detailed posts during trading hours, as u dont have to trade such things).

 

[Sunil]

Ok..Im gonna test this on the following parameters:

Short/Long entry:
1) A 5 min stoch crossover above 80/below 20 level.
2) Look for PL /PHbreak(as per ambush rules)
3)Use 0.1% of NF value as filter.(in current zone it will come to 2-5 only)
4) Initial SL at the last PH/PL
5)Cover half lots at +15
6)Once covered half lots, Put rest on BE and trail for rest of the time.


Any suggestions/modifications for this?

<MUAH> to your post...
:hug: to you
:thumb: for backtest

In metastock, stochs were not appearing properly - I will check again on weekend

 

[WOD]

will be posting this later tonight..

 

[Sunil]

Atlast, 30min stochs above 80....

their crossover above 80 would give some hope of resumption of downmove, and end of this corrective upmove

effect seems to have initiated...
2pm Pivot low remains though

 

[Sunil]

what a near-perfect doji in EOD chart of both Spot & Fut
and the day's range is also similiar to that of Tuesday!!! (77pts)

 

[MurAtt]

Sunil ( sir )

Expect a Gap Down 2morrow?
NS closing below 4090 (ltp) settled will be a bit higher.

Also seen are :
Heavy increase in OI of
CE4300 +22% PE4100 +25%
CE4200 +50% PE4000 +20%
CE4100 +50% PE3900 +26%
CE4000 +16% PE3800 +10%
This looks confusing as both PE and CE are increasing ...

Also on Spot, a green hammer (or bullish harami or doji or whatever one may wish to call it) will seem to have formed today and being at the lowest point of the recent downmove - would not it be in the favour of the upside?

So a 50:50 2morrow --- very signals all over

Only experienced ppl would be able to point out the higher probabilities.

Please do oblige.

 

[lazytrader]

what a near-perfect doji in EOD chart of both Spot & Fut
and the day's range is also similiar to that of Tuesday!!! (77pts)

Couldnt help but add that the pivot is also at 4078 besides 4078 being the center point of todays range!