Daily Tryst with Nifty

[praveen taneja]

So you bot again at 920?? If no, then why? Same conditions as y'day -- explain please.

Bro i dont know TA etc but trade on gut feel and trade on its move n trend
when i saw mkt is closing below 4350 and dow fut -23 all EU mkts down 50+points why buy at 920 why not at 875:rofl::rofl:

 

[AW10]

Thanx a lot AW SIR but if you plz give me one example of this ....

suppose what action should we take when we were at 25 th may or 3 june..

this will help in fully grasping the concept acc to options...

thanx

Vineet,
Check out my reply to your question on this thread which I created (finally) to disucss NR7 setup

http://www.traderji.com/advanced-trading-strategies/29825-trading-nr7-setup.html#post323033

Happy Trading

 

[arnav_rulz]

Arnav: Great stuff!

While change of trend is mentioned as filling of recently created gaps...so it might be possible that after changing direction.. it might catch up momentum with gap downs & start filling unfilled gaps EOD?

I am a big fan of gaps and trying to understand how the index behaves around them!

There are huge gaps left by NF on EOD and as per gap theory they would be filled sooner or later but the question is can we start a new bull run before filling them?

We have unfilled gaps at 6045-6055, 5691-5700, UC and all lower we all know.

Higher ones are understandable as we can take them out in new bull run but what abt the lowest one starting with 2637-2650!

As per Gap theory they should all be filled

Looking forward to your response!

Regards

Well for me its not necessary for Nifty to fill all the gaps as mentioned by murtaza.. Some are runaway gaps which may/maynot get filled ..

But renuji always said that EOD gaps are always filled so cant say..

Another addition to gap theory is suppose...

1)Therez a gap left on downside which is unfilled.. When nifty fills that gap while going down.. and in the same day breaks the last 1-2 hrs low of that day.. that makes the Bears very strong for me and vice versa..

For eg. On say 15th nifty left a gap between 3600 and 3700.. and the last 2 hour low on 15th was 3575.. Now say on 20th when nifty comes down during intraday.. filles the gap of 3600 and then slides below 3575 + filter(very imp).. then it means bears are getting stronger and wont want to be on the long side at that moment.. Ill probabaly take some puts at that time..

Similarly same goes for upside..

ive traded a lot on this theories.. combined with other factors and it generally works for me.. because ive seen/read this anywhere else.. il cant say if one should trade according to this.. But it works for me..

 

[Sunil]

Was completely out of action post 1pm due to net/server issues...

Will observe reaction at 20SMA in 5min chart for initiating shorts...
at close, it's at Fut 4395
(below the psychological 4400)

 

[TrendPlayer]

+Divergence 5 min

 

[Sunil]

Good bounce from virgin test of 4300

 

[Sunil]

+Divergence 5 min

now all that is required is a break of any latest 5min Pivot high, along with a confirmed Higher Low

 

[Sunil]

getting interesting now...
5min 20SMA at around 55-57

 

[Sunil]

Spot 4340, please oblige for HOD

 

[Sunil]

Spot 4340, please oblige for HOD

Spank you,..