Nifty Futures Trading Part 2 (Positional)

[Czar]

looking at DOW charts, 10400 is the low of 2008 so far..
not breached today.
and looking at long term chart, 10400 - (10100) - 10000

ya I was wondering just that... the few days back low is still not broken...

Brazil down 10 %

If nothing changes panic bottom tomorrow ?? quite possible , maybe in the form of a circuit... though I hope its not like the last circuit, where no-one got to trade...

Sunil: your previous question about DEc... I was expecting 5100 in Jan itself, but if you ask did I make money, no... & after that was not expecting a full blown bear...

 

[columbus]

Markets are funny...you never know if this might spur the market into positive instead of negative..that is one of the reason i covered my shorts ...although have to admit, that in the short term, this should bring down the world markets considerably...

Yes ,that is the BEST strategy in this kind of volatile markets ---not to have a position by the end of the day.

 

[rishig38]

ya I was wondering just that... the few days back low is still not broken...

Brazil down 10 %

If nothing changes panic bottom tomorrow ?? quite possible , maybe in the form of a circuit... though I hope its not like the last circuit, where no-one got to trade...

haha...Czar, i agree...but if it stays like this then, I would assume we should open at least 125 points down given how much the ADRs and other world markets are down...

there is confusion out there and markets are just waiting for this confusion to be cleared before they continue their march towards 9000...

 

[devangan123]

Saint Sir had gone to US for this reason... he wanted all newcomers who had taken trading position using 60 min flow to be rewarded....richly...
he has made sure about this, & is now corresponding all this

Good joke at 11:50 in night but in my guess we have separate thread for this
lol

 

[Sunil]

Markets are funny...you never know if this might spur the market into positive instead of negative..that is one of the reason i covered my shorts ...although have to admit, that in the short term, this should bring down the world markets considerably...

thank GOD, u have come down to earth again...
i was actually on your "citibank & goldman sach going bust" comment...
I have a close friend who is in the bond market.. one should realise that what we are witnessing in the global financial markets is slowly turning into a world's armageddon.... few pillars are left - if they fall/fail, ...
Finance is directly or indirectly to ALL of us... and this global failure will affect us slowly but surely

 

[rishig38]

haha...Czar, i agree...but if it stays like this then, I would assume we should open at least 125 points down given how much the ADRs and other world markets are down...

there is confusion out there and markets are just waiting for this confusion to be cleared before they continue their march towards 9000...

confusion cleared...no revote today...dow re-starts is downward march....

 

[xtalk]

ADR performance...so far

HDB 78.17 -13.32 (-14.56%)
IBN 21.50 -3.44 (-13.79%)
INFY 29.68 -3.93 (-11.69%)
SAY 15.08 -2.75 (-15.42%)
WIT 9.09 -1.16 (-11.32%)
TTM 7.38 -1.02 (-12.14%)
RDY 11.00 -0.49 (-4.26%)
REDF 4.21 -0.19 (-4.25%)
SLT 8.45 -1.16 (-12.07%)

 

[columbus]

ya I was wondering just that... the few days back low is still not broken...

Brazil down 10 %

If nothing changes panic bottom tomorrow ?? quite possible , maybe in the form of a circuit... though I hope its not like the last circuit, where no-one got to trade...

Sunil: your previous question about DEc... I was expecting 5100 in Jan itself, but if you ask did I make money, no... & after that was not expecting a full blown bear...

There are two great developments now, both are important but acting in opposite directions 1.Failure of US bail out package (negative) 2. Easing of crude by $9. (positive).So trade cautiously or ..

 

[Sunil]

the only FALL i am truly enjoying is of CRUDE OIL...
95$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

 

[mitasatyajit]

Triangle broken.