Nifty Futures Trading Part 2 (Positional)

[orderflow13]

thanx, but your previous posted charts dont throw possibilty of u being layman

complement or a teaser lol...i wish i could make the indicator in my s/w on the basis of p/c ratio,vix and something down the line , instead of copy pesting each n everything ,if some one knew it is possible plz p.m. me

 

[Sunil]

since discussion about "past" is going on, let me bring in the latest chart of the congress support trendline (on non-log adjusted basis)

here's the old mid-july post where 3800 spot support was expectedly held...
http://www.traderji.com/derivatives/18953-nifty-futures-trading-910.html#post198142

here's the latest monthly chart of SPOT nifty...
where around 3900 IS THE LOWEST POSSIBLE FOR SEPTEMBER 08

Also, Czar's & mine favourite but controversial Jan08 peak Trendline (which provided strong resistance from Jan to August, and has been providing good support after that...
WHERE AROUND 4000 IS THE LOWEST POSSIBLE FOR THE COMING WEEK OF SEPTEMBER...

 

[dumdum20008]

complement or a teaser lol...i wish i could make the indicator in my s/w on the basis of p/c ratio,vix and something down the line , instead of copy pesting each n everything ,if some one knew it is possible plz p.m. me

No yaar, dont think opposite.
actually im the real layman here, who is still trading by calling broker, trying to figure out an online trading account ( may be RKG), Getting RT data on which s/w is a dream now, somehow breathing in between u techies by trying to express my lay info in your style by EOD.

 

[Czar]

So Sunil your 5 day fall theory comes ?

 

[columbus]

So Sunil your 5 day fall theory comes ?

One more day to go for FIVE day fall.I agree with sunil that markets will not fall consecutively for 6 six days.(After observing last 6 month's data or so).But the converse is not true.We saw it during BULL Market.

 

[Czar]

so it adds upto fall tomo below H&S TL & then retest on tue

 

[columbus]

so it adds upto fall tomo below H&S TL & then retest on tue

czar,

Markets fell for fourth day in row.It is not likely to fall tomorrow(?)
,but it is observed that markets did not fall 6 days in row.Before that
it recovers atleast on ONE day.Hence it may as well recover before that.
It is just an OBSERVATION but not a RULE.

 

[Sunil]

Da,

Let's compromise... range for monday 4200-4300
then on my TUESDAY, either 4150 or 4350

So Sunil your 5 day fall theory comes ?

let's see if tomorrow is also a negative closing day... then only it will result in total 5 days of negative closings...
but, as even u and dumdum put it, oversold status issue is there (though, not necessarily means, we can't have more downmove or sideways move)..

thanks columbus for also putting my disclaimer - 5 works on fall days only....

by the way, vivek, i m more worried about that Jan 08 TL (my prev post)...
u know, that general rule "more the TL is tested, more it weakens", and I have been trying to ascertain a number to that no. of tests.... it's mostly on 5th attempt or atmost at 6th one...
that TL broke on upside on its 5th attempt....
now, TL will be tested from upside the 5th time... so, chances are high of it being broken if that 4000-4050 level appears near...
let's see, will only come to know at end of this expiry

 

[dumdum20008]

Hi,
for the Worms( Bears) World (India) Party

A distorted H&S on Weekly chart.
Im scared, H&S are loosing their dignity by appearing here n there frequently

 

[orderflow13]

this 5 day theory is very interesting.
For curiosity sake,i am no expert in gann theory,but knew only tht it is related with time based analysis with prize,his square of nine box is only i knew.and similarity with fibonacci no. ..
can any one clear my curiosity that 5 days cycle can be explained with gann theory plz?