NIFTY 50 future TRENDS

[EagleOne]

What did they call it ??? TV Tattu Indicator or something like that. Anyway, seems like a "buy" on nifty today.

These TV guys aren't Tattu'es, TP. They are advanced aliens from the Gamma Quadrent of the MilkyWay, proficient in phonetics. 'Buy' means 'Bye'.

 

[sudoku1]

NF trend DOWN


tgt > 4666

 

[LivetoTrade]

We were to see a rate cut in December if inflation was down for 2 consecutive weeks, and inflation has dipped.
Now what to expect

 

[LivetoTrade]

Lots of activity and high volumes in 5100, 5200 and 5300 CEs.

Is it because calls are being shorted?

Can anybody help decipher please.

 

[4xpipcounter]

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Nifty progressed further south, as expected. Intraday support will probably be found at the WS2 at 4723. Minimum expectations for the bounce will be back to the WS1 at 4801, and most likely a little higher. This is where the market will take on the looks as going sideways as you look at the daily chart, but it is in preparation for the next strong move south. This leg will be completed before we see any MT moves north.

 

[sudoku1]

Moodys Unhappy With Friday Euro Summit, To Review Ratings, Warns Of Multiple Defaults And Exits By Euro Area Countries

 

[LivetoTrade]

Nifty progressed further south, as expected. Intraday support will probably be found at the WS2 at 4723. Minimum expectations for the bounce will be back to the WS1 at 4801, and most likely a little higher. This is where the market will take on the looks as going sideways as you look at the daily chart, but it is in preparation for the next strong move south. This leg will be completed before we see any MT moves north.

Nifty generally used to bounce periodically to reach upto the Tenkan/ MA.
But that did not happen today. We stayed well below.

What is surprising is that the 4-hour Tenkan still is at 4944, MA is at 4970.
On the Daily too the Tenkan is 4941.

 

[LivetoTrade]

Lots of activity and high volumes in 5100, 5200 and 5300 CEs.

Is it because calls are being shorted?

Can anybody help decipher please.

As per this post http://www.traderji.com/options/53702-nifty-options-trade-why-what-if-33.html#post612946
Linkon says, large players who are short in Nifty Futures, would have bought Calls as hedge - so maybe they bought the low value calls as hedge

 

[coolmaan1]

Coolman, watch for the reaction at those levels on your hourly chart. If there is a strong move through a level, then most likely it will head to the next one. For the most part, the level gets hit, then bounces off it which amounts to at least 38.2% of the level it just came from. If it is a continuation, where price action goes all the way through it without the bounce, then there will be a move back to that level after the next level is hit. In the event of a strong spike that would start the week, they will take on a different perspective.

Even they I know their functionality, I still use them as a confluence with the rest of my methodology. As an example, I mentioned in a previous post I doubt the R1 would be hit this week, because of all the cluster and significant R activity that precedes that level. That is also the reason the S2 is favored to be hit. If it makes it half way to the R1, it still will drop 2 1/2 levels to the S2. Minimum expectancy is a 3-level range.

BTW, I see you are relatively new. Welcome aboard!

Thanks for the explanation sir, In broad terms it means the market can go either up or down. Sometimes it can go both ways also.

 

[LivetoTrade]

Thanks for the explanation sir, In broad terms it means the market can go either up or down. Sometimes it can go both ways also.

coolmaan1, first the trend has to be set - uptrend or downtrend.

Now, as per the seniors here, Nifty is in downtrend. Within the downtrend there will be a pullback for certain percentage.

Price does not move linear.