Daily Tryst with Nifty

[Sunil]

unusual request, but for NR4-2 / NR7's sake -
hoping that 4405 does not turn up on screen

 

[praveen taneja]

unusual request, but for NR4-2 / NR7's sake -
hoping that 4405 does not turn up on screen

yes very unusual from u bro but its for NR-4/NR-7 Thats good

 

[MurAtt]

Thread Members,

View Point required :-

Hi Nishikant,

NF ends the day and the Week at 4424, higher than your weekly resistance level of 4410. What next ? 4600 > 4789 > 4947.

Lancer.

Do not want to be a dampener but I think

Buy on rumours -- Already happened
Sell on news --- Waiting to happen



Trade safe on Monday .. Brothers .... Don't get carried away :rofl:

Carried away to where .....

 

[arnav_rulz]

since i have this options excel calculator ready:
if, on 30-July-09, Nifty settles ANYWHERE between 3600 & 5000, you will end in profit (the same 70 pts of initial credit).
Cake = 3800 / 4800
Icing on cake = 4900

Infact, if u wanna increase your profit, sell 1 more lot of the same put & call (instead of 3, sell 4) and so on

I agree.. Above 5000 or below 3600 (though unlikely it will reach thr) The risk is toooo high..

In Both the strategies i have taken.. I play to square off trades before the expiry or If i feel prices are coming nearer to my break even point..
Cant take a lot of risk man..

Boond boond se samundar banana chahta hoon !!

 

[MurAtt]

Here's a different perspective by someone at the thread.

Nice.

Let's see where we end this month .....

Hi All

Sensex Monthly chart for the week ending JULY3 2009.

 

[rajuwaste]

Hi friends,
Due to some personal reason I could not post for the past few days.I know sunil has started this new thread and most of the friends from "Nifty Futures Trading " are posting in this thread.Whatever may be the reason for creation of the new thread I will join wherever sunil goes.Because there may be lot of smart people in this site like saint.But sunil was helping me initial time of my presence in this site.Thank you for your interest in my post particulary stocks.murtaza & sunil.Don't worry I will join you soon.

 

[lazytrader]

unusual request, but for NR4-2 / NR7's sake -
hoping that 4405 does not turn up on screen

Hi sunil, can you tell me what is difference between NR4 and "NR4-2" you have ementioned in the post?

I have heard people mention NR7 and NR5. Have you found NR4 significant. Strangely I too was hoping for a NR day. I have noticed you use excel and pivots which I too use (since I don't have any advanced charting software). Hoping you can provide some insight based on your trading experience since I am fairly new to trading.

 

[ag_fx]

Hi sunil, can you tell me what is difference between NR4 and "NR4-2" you have ementioned in the post?

I have heard people mention NR7 and NR5. Have you found NR4 significant. Strangely I too was hoping for a NR day. I have noticed you use excel and pivots which I too use (since I don't have any advanced charting software). Hoping you can provide some insight based on your trading experience since I am fairly new to trading.

When 2 NR4 days occur one after another, the second day is known as NR4-2 day.
Example:

Day Range
1 85
2 110
3 97
4 78 (NR4day)
5 65 (NR4-2 day)

NR4-2 day may or may not be NR5(if I am correct)

Happy Trading

PS: I hope you wont mind me answering this instead of sunil sir. Wud request sunil sir to please correct me if I am wrong

 

[lazytrader]

I definitely don't mind anyone aswering...

Well, if you have a NR4 day right after a NR4 day then the second day would have to have a range narrower than the previous day (NR4-1) with the previous day being the narrowest for the past 4 and and the current (NR4-2) bring the fifth day would be a NR5 always. Atleast that's what it looks like to me... unless there is a statistical significance of 2 NR4 days as opposed to a NR5.

 

[arnav_rulz]

Thread Members,

View Point required :-

Do not want to be a dampener but I think

Buy on rumours -- Already happened
Sell on news --- Waiting to happen

But if the rumour is on the negative side then should we..

Sell on rumours and buy on news :O