General Trading Chat

[amitrandive]

been looking at nifty spot for 2-3 years , now on GFDL no spot , its only my 3rd day on GFDL, also for last few months intentionally made a point to look only at nifty continuous future to get out of confusion .

we trade nifty future after trading nifty for few years on spot chart i have realized to actually trade it on future chart only

you cant say that i am doing whatever is available , FII , DII trade nifty future ? what would they do ? do what they are most likely doing . its not that nifty continuous is not available ...............you will have extra edge doing what most people are doing , or seem to be doing , support and resistance will work much better

Has not made much of a difference to me.
We cannot compare the softwares and infrastructure available to FII's ,etc to us retail traders.

Yes continuous data is available but I use it more on EOD basis for marking levels if that is what you are implying.

 

[amitrandive]

for you trend line is broken but market is still holding ............why ? because continuous chart trendline is holding it .

thats the difference in doing what all are doing and you doing it alone............atleast in case of normal vs continuous chart as far as trendlines are concerned

If anything is holding the market , that is not the trendline.
It is the market sentiment and demand supply.

Just because there is a trendline,it dosen't mean the market should respect that trendline.
Market does not know that there is a trendline drawn to bound it.
Any trendline can be broken anytime in the market


Drawing trendlines require that lines are drawn and redrawn to respect the current latest price.

 

[doctorshah]

TP bro What is the situation of Corp and Panchayat polls counting?

 

[nifty trade]

If anything is holding the market , that is not the trendline.
It is the market sentiment and demand supply.

Just because there is a trendline,it dosen't mean the market should respect that trendline.
Market does not know that there is a trendline drawn to bound it.
Any trendline can be broken anytime in the market


Drawing trendlines require that lines are drawn and redrawn to respect the current latest price.

contradictory statement in same post .if market may or may not respect trendlines then why have you drawn in you chart ? why did you show that it has broken ?

anyways lets forget it

 

[rahulmalik]

7900 spot breakega

Overall ( +/- 10 points) - 7900 should hold

nahi to 7850 par direct landing

 

[manojborle]

for you trend line is broken but market is still holding ............why ? because continuous chart trendline is holding it .

thats the difference in doing what all are doing and you doing it alone............atleast in case of normal vs continuous chart as far as trendlines are concerned

Has not made much of a difference to me.
We cannot compare the softwares and infrastructure available to FII's ,etc to us retail traders.

Yes continuous data is available but I use it more on EOD basis for marking levels if that is what you are implying.

Demand zone is 7942-7925 which is still not broken and so market is still holding.
Breaking of this next zone is around 7870

 

[TraderRavi]

Overall ( +/- 10 points) - 7900 should hold

nahi to 7850 par direct landing

confusing price action , one Red WRB and selling stopped

 

[manojborle]

Holding 7935 will take nf back to 7968, 7985

 

[rahulmalik]

confusing price action , one Red WRB and selling stopped

Yes there is confusion in this short range.

Nifty yesterday EOD OI and current OI - extremely bearish.

But call/put volumes, NF volumes, and VIX - all showing buy on dips

operators ullu banauwing :annoyed:

 

[manojborle]