NIFTY 50 future TRENDS

[LivetoTrade]

The fear ...

Can you please elaborate - fear of???

 

[manoharpillai]

Can you please elaborate - fear of???

The Maximum Intra day Trade or leveraged the swing what we witnessed today is the result of that... just imagine the position of a day trader at the wrong end of the swing..is in't fear...

 

[LivetoTrade]

The Maximum Intra day Trade or leveraged the swing what we witnessed today is the result of that... just imagine the position of a day trader at the wrong end of the swing..is in't fear...

Sorry, not sure I understood you yet.

Did you mean that Day-traders expected a huge south move, and got stuck with shorts?

Or that Swing traders booked part profit?

 

[sudoku1]

http://www.latimes.com/business/la-fi-china-housing-bubble-20111213,0,3429813.story

 

[trade4joisar]

State-run banks have lent Rs 6,901.86 crore to Kingfisher Airlines

http://economictimes.indiatimes.com...-kingfisher-airlines/articleshow/11094514.cms

 

[CASPER]

Sorry, not sure I understood you yet.

Did you mean that Day-traders expected a huge south move, and got stuck with shorts?

Or that Swing traders booked part profit?

LivetoTrade...,

Below is just "MY" Opinion.....

As you can see in the screen shots below, The Open Interest of NIFTY Futures is -737950 i.e its Negative..., And "I" Interpret that as ALL those who were Short were covering their shorts at the available price and those who were Holding Longs positions were Booking Profits,..., And NO new Contracts...

The Highest Gainer in NIFTY was HINDALCO up by 5.76% were as when i check the Open interest its -89000..

I had Once written a Very looooong Post .... On Open interest i.e a General Interpretation ...,

http://www.traderji.com/derivatives/42863-nifty-50-future-trends-371.html#post597965

Ofcourse I wouldn't Trade aggressively just bcoz OI is negative ..., I Consider it as One of the parameters to get a Sense of Market movement...

Since I trade in Rupees the above was Just My 2 Paisa......

Cheers...,

 

[LivetoTrade]

LivetoTrade...,

Below is just "MY" Opinion.....

As you can see in the screen shots below, The Open Interest of NIFTY Futures is -737950 i.e its Negative..., And "I" Interpret that as ALL those who were Short were covering their shorts at the available price and those who were Holding Longs positions were Booking Profits,..., And NO new Contracts...

The Highest Gainer in NIFTY was HINDALCO up by 5.76% were as when i check the Open interest its -89000..

I had Once written a Very looooong Post .... On Open interest i.e a General Interpretation ...,

http://www.traderji.com/derivatives/42863-nifty-50-future-trends-371.html#post597965

Ofcourse I wouldn't Trade aggressively just bcoz OI is negative ..., I Consider it as One of the parameters to decide on the Market movements...

Since I trade in Rupees the above was Just My 2 Paisa......

Cheers...,

Thanks Casper, indeed useful post.

Shows people are confused, or maybe want to confuse the 'pigs.'

Another thing I just noticed and wrote on 4xpipcounter's thread was that the currencies got hammered against the USD, yet very little significance on FTSE/ DJIA.

 

[4xpipcounter]

That is because at the start of this week it was not time for the market to move north. That was just a passive move that was visible on the 5-min chart.
I was talking earlier to look for my WS2 at 4723 to contain for the intraday move north. We did not quite make it there as the dip was 4732.
The move we are witnessing now is the real deal, as far as an intraday correction is concerned. The tenken is currently 4932 on the 4-hour, but will be 4865 when the day is over. The 4865 target is easy no this up move. Your buddy, the kijun, at 4893 is going to have a lot to say just how high this correction gets, especially when after Wednesday there will be an effective TK cross. There is also substantial R from 4893 to 4939. I see that as rock solid that is going to create some sideways action before we get the next leg south.

Whenever price moves upwards or downwards, there generally is a candle which reaches upto the MA or the Tenkan, and then continues in its direction.

In this downfall, maybe because it was too quick, there was no candle reaching upto the Tenkan/ MA.

 

[4xpipcounter]

LTT, I'm not an Elliot Waver, but the 5-min chart tells me one thing. Circa 4843 mark temporary containment before we head higher. Of course, this is the 5-min, so the "downtrend" could last an hour or 2.

Chart readers : Is that a Bearish AB-CD Pattern on the 5min chart of Nifty?

 

[4xpipcounter]

Mano, I know if I was trading this market, my TP would have been 4723. I could imagine going for a walk of something and seeing that strong move right after my TP was barely missed. Yeeah--not good.

The Maximum Intra day Trade or leveraged the swing what we witnessed today is the result of that... just imagine the position of a day trader at the wrong end of the swing..is in't fear...