Nifty Futures Trading Part 2 (Positional)

[orderflow13]

ADX the beauty of this indicator is, it doesnt show buy or sell signal ( in a way it doesnt pre anticipate ) but tell us whether we are in a strong trend ( bullish or bearish ) or consolidation mode ..now adx moving up we in a strong trend

 

[Sunil]

now, one can say that there is "36 ka aakda" between bulls & bears (3600)

LOL

yes around 3600/3650 this si excatly 50% ret from 944 to 6227
renu

Between 3600 & 3000, please let me know...

By the way, 50% RET of current bull cycle from Spot 920 (2003 low) to 6357 (2008 High) = 3640
and, if we take the 10 year low of nifty, ie Spot 800, then 50% ret. comes to 3580

 

[Sunil]

On examining the DAILY chart of 2008, I can see 2 distinct downlegs... 3rd one is currently on.

1st leg: from 6350 to 4450 ie down 30% (1900 points)

2nd leg: from 5300 to 3800 ie down 28% (1500 points)

so, stretching 3rd leg from 4650, avg 29% comes to around 3300 (1350 points)
BTW, 3300 is actually in middle of 3600 & 3000)


let's see the pullback legs:
from 4450 to 5300 - 19%, 850 points

from 3800 to 4650 - 22%, 850 points

so, from 3300, 20% pullback comes to around 4000

BTW, if 4th downleg happens, then from 4000, 29% = around 2850


voila, 3800 -> 3600 -> (3800 or 3900) -> 3300 -> 4000 -> (3600) -> 3000

program for next two quarters

 

[Czar]

It seems Asia has got Falling Fatigue, no monstrous fall today, only down anywhere between 1.5 to 3%... so Asia seems to realize that markets will not close forever & cannot become zero...

 

[lalpar]

Friends whatever happens today I will not change my position..Cuurenlt LONg at 3896 ..

Lets give time for all bad things to happen ..I will wit or the last moment

 

[devangan123]

Friends whatever happens today I will not change my position..Cuurenlt LONg at 3896 ..

Lets give time for all bad things to happen ..I will wit or the last moment

Too much of bravery becomes foolishness in stock market , If you get chance of squaring off you position without loss than must avail that golden chance , real pain is still left


Devan

 

[lalpar]

ur rght frind ..I said it for today because I DONT WANT TO SELL in PANIC!!!..

At rght time I will square ...

Everybody is talking of LC and 3700 and creating panic..That is why I said its not time to SELL .

I will square off and let u know when as of today Waiting and watching

 

[orderflow13]

ur rght frind ..I said it for today because I DONT WANT TO SELL in PANIC!!!..

At rght time I will square ...

Everybody is talking of LC and 3700 and creating panic..That is why I said its not time to SELL .

I will square off and let u know when as of today Waiting and watching

ahh just got a time... congrats.. as i already given u red & green bravery .. but today u showed by practical ex why u deserve it , u r a inspirational investor if not a trader, as wisdom goes ' when there is a time for buying why sell ?' ..
i was bz buying rcom and praj in equity for 2 years in account of my about to child

 

[Czar]

alex I m open for adoption for next 2years

 

[lalpar]

Alex,

Add a few KLG Capital and jai Corp .