NIFTY 50 future TRENDS

[darshanshukla]

Thanks LTT and 4xPip
You can see I'm following this thread since very long,
My mean to ask Sudoku was that did he not earned in this short term reversal of around 50% Projection since last low and heading towards 61.8%
I respect Sudoku for his analysis and targets and I do not having any doubts in it.
Carry on trading,
Happy trading ahead,
Darshan

Well, I thought Darshan was asking about Sudoku's methodology again, about which we discussed in length recently

 

[LivetoTrade]

Thanks LTT and 4xPip
You can see I'm following this thread since very long,
My mean to ask Sudoku was that did he not earned in this short term reversal of around 50% Projection since last low and heading towards 61.8%
I respect Sudoku for his analysis and targets and I do not having any doubts in it.
Carry on trading,
Happy trading ahead,
Darshan

Darshan, since sudoku's sell level is around 6100, a pullback rally of a few hundred points may be of small significance - my assumption

 

[sanjosedesi]

Darshan, since sudoku's sell level is around 6100, a pullback rally of a few hundred points may be of small significance - my assumption

I disagree. This is investor mentality. If he started at 6100, he could have / should have booked profits at 4700 knowing that it will bounce to 5100 at least (it went up to 53-5400 in August timeframe). 500 points is a lot of extra money if the original downfall itself is only 1400 points.

Another calculation ...
Down from 6100 to 4700 = 1400 points
If he had initiated longs at 4700 even with 5100 target (it went up more) = 400 points
If he had shorted again at 5300 with a target of 4666 = 600+ points
Total points captured = approx 2500, could have been more. That is almost doubling profits while retaining the same downwards outlook.

However, there is no way to know what he did, and his targets are usually downwards only, so all we can make are educated guesses !!

 

[timepass]

He did have upwards target for a day or so (5 7 7 7)... But suppose in Nov 2010 he shorted Dec 2011 NF when nifty was above 6000. The price of Dec2011 NF would that time have been about 7000...

 

[sudoku1]

NF trend DOWN

tgt > 4666

 

[sanjosedesi]

He did have upwards target for a day or so (5 7 7 7)... But suppose in Nov 2010 he shorted Dec 2011 NF when nifty was above 6000. The price of Dec2011 NF would that time have been about 7000...

Futures are only for 3 months. Options ... maybe !!

 

[sudoku1]

I disagree. This is investor mentality. If he started at 6100, he could have / should have booked profits at 4700 knowing that it will bounce to 5100 at least (it went up to 53-5400 in August timeframe). 500 points is a lot of extra money if the original downfall itself is only 1400 points.

Another calculation ...
Down from 6100 to 4700 = 1400 points
If he had initiated longs at 4700 even with 5100 target (it went up more) = 400 points
If he had shorted again at 5300 with a target of 4666 = 600+ points
Total points captured = approx 2500, could have been more. That is almost doubling profits while retaining the same downwards outlook.

However, there is no way to know what he did, and his targets are usually downwards only, so all we can make are educated guesses !!

in a positional trade, its alwys wise 2 play d trend in d direction of d trend rather den anticipating d pulbacks.in other words ADD more WEN D PULBACK ENDS !

 

[LivetoTrade]

Never mind the 9,3,4 stochastics. Just doing a little experimenting with it.

Your setting for the Stoch is 934, but why does it read as 9,4,3 on the screen?

Will they not differ in the results?

 

[timepass]

5050 zone defended by the bears today. What do the bulls have for tomorrow? If yesterday's chart showed a bullish pinbar, today's chart shows a bearish pinbar. Topsy turvy.

and 4700 put is going strong, while 5100, 5200 and 5300 calls are gathering strength.

 

[sanjosedesi]

5050 zone defended by the bears today. What do the bulls have for tomorrow?

If we have news flows to go by, next 2 days will be dominated by Euro discussions. Enjoy the downfalls and higher volatility !! Linkon talked about shortest range on Monday ... the ranges are going to get bigger.