NIFTY 50 future TRENDS

[msa5678]

sirji tussi great ho !! seriously speaking, yes i have read enough about technicals, psychology, money management, and various forms of trading, but find myself at a loss because the learning is so disorganized and newer ideas still keep on bubbling and seem better than the old ideas !! last year i had the excuse that i was learning, but now that i can read some charts, lack of discipline kills half the profits if not more !! and i think that will be the development of next 6 months.

This happens with all of us. Whenever we find some better system we leave the old one and start the new one. The more you study about the market the more you try to fine tune yourself. Best way is to stop at some stage and start earning from what we have learnt. IMHO best way of trading is through AFL, Beacause technicals are not for me, Analyse some AFL's over a comfortable period of timre and stick with them.

 

[msa5678]

About this keyword which you took an exception to ... I do not see a problem. There is an average movement range of Nifty. It varies from month to month buy you can see that 90% of the time it will not move more than the typical range. Hope is based on the premise that the one way move from 4600 odd to 5300 is very unusual, and even if the technicals do not point that way, it has to happen, otherwise we will have a 1000 point 1-way move ... not going to happen. If you understand these limits well, you can even make some riskier trades with the probability on your side. But ... as Eagle asked us to mortgage our homes earlier this week as the market was going to go up up and up ... and he is right ... no signs of Nifty fatigue.
[EDIT] Actually, in this case we are not looking at a monthly range, but probably a 2 or 3 month range which might be very broad if we look into historic data.

You are right SJD, these ranges are always there, more or less of the same magnitude. Our target should be to benefit from them . And note that these ranges are more freauent and broader in BankNifty. Almost twice as Nifty.

 

[timepass]

I think this is related to US (un)employment rate related.

Begani shaadi me, Abdulla diwana.. ok, but there was also some very negative news about Eurozone consumer consumption data for December being very negative.

Anyway, US unemployment rate, it seems to have propped up the dollar index.

http://www.goldseek.com/quotes/charts/usdollar/usdollarindex24hour.php

 

[msa5678]

Guys, anyone of you who really really want to understand options the ways professionals do (like me, for example! ), then don't bother the books, the second hand blah-blah from here and there. Learn straight from my friend, DanPickUp, the master Options trader. But a word of warning before you go. Don't ask him stupid questions. He is cool guy but very short-tempered and hot-headed (that's why he is my friend! )

Here is the link:
http://www.traderji.com/options/66266-option-trading-danpickup.html

:rofl::rofl::rofl::rofl:

 

[sanjosedesi]

You are right SJD, these ranges are always there, more or less of the same magnitude. Our target should be to benefit from them . And note that these ranges are more freauent and broader in BankNifty. Almost twice as Nifty.

Yeah, got it. Looks like the ranges are going to increase !! Looking at the US/Euro markets today, looks like gap up Monday (wish this was not a weekend because of the weekend time decay) and we might be trading 5400 next week!! (Of course there will be counter views about this being top). Wasn't it only last week we heard Demark or some other market timer calling S&P top at 1350, and are at 1341 as we speak (but no exhaustion in the market)?

 

[msa5678]

Begani shaadi me, Abdulla diwana.. ok, but there was also some very negative news about Eurozone consumer consumption data for December being very negative.

Anyway, US unemployment rate, it seems to have propped up the dollar index.

:rofl::rofl::rofl::rofl:

 

[msa5678]

Yeah, got it. Looks like the ranges are going to increase !! Looking at the US/Euro markets today, looks like gap up Monday (wish this was not a weekend because of the weekend time decay) and we might be trading 5400 next week!! (Of course there will be counter views about this being top). Wasn't it only last week we heard Demark or some other market timer calling S&P top at 1350, and are at 1341 as we speak (but no exhaustion in the market)?

These 2 days weekend and only 6 hours of trading, made me to think about commodities trading. Zerodha is taking for ever to start commodities. Will have to look for some other broker.

 

[sanjosedesi]

These 2 days weekend and only 6 hours of trading, made me to think about commodities trading. Zerodha is taking for ever to start commodities. Will have to look for some other broker.

Are the hours for commodity any better if you are trading with Indian brokers?

 

[trdstudent]

DAX PATHA NAHIN KITNE LOG SHAYAD DOOB KE MARE

:!

 

[timepass]

These 2 days weekend and only 6 hours of trading, made me to think about commodities trading. Zerodha is taking for ever to start commodities. Will have to look for some other broker.

Check out the Zerodha thread. They may start commodities by Valentine's day. They have also announced a "bumper" scheme about refunding the whole brokerage after 60 trading days.