Nifty Futures Trading Part 2 (Positional)

[Czar]

Praveen : I posted whatever little I could interpret, check last 3 pages of y'day... (Wapis Sir??? )

SatyamSit: Wishing you too Happy Dasera, sure go ahead, all Nifty & related discussion is welcome...

 

[praveen taneja]

thnx sir i was too thinking of mkt jumping to 4000 from here before going down furthur n all of u seniors give me some courage to trade again thnx again

 

[satyamsit]

Sir, i am posting two pic of fibonacci behaviour of our market. plz take a look.

Thank you.

 

[pkamalesh]

ok czar..i posted them in 2 threads coz i thought some one would see the charts and give an advice ....will follow ur order sir.....

 

[learn2trade08]

dear satyam...
i think ur first chart is right....fibs are drawn from lows to highs or vice-versa...the reason i stick to first chart is because it was in a upward trend and never in any month broken the trend till the top was formed...hh-hl,i guess now it will form ll-lh
.....since its on monthly it will take a few more months to play out...right now we are still in the midst of the months and my guess a couple more months before we retrace completely,coz we have a few chart patterns to oblidge to ..my personal experience the great fibonacci has hardly failed...
btw i am still a novice and hence i could be completely wrong.

Sir, i am posting two pic of fibonacci behaviour of our market. plz take a look.

Thank you.

 

[praveen taneja]

Satyam i dont know much about charts but Bull inside me is saying pls for god sake believe second one is good n end of all this trauma insight.whole economy is going in hole ,busy-ness men dont hav anything to stay busy thats why I pray to god pls make ur second chart confirm but whole lot of seniors hav yet to comment lets see wat the y say?????????

 

[Czar]

Satyam: personally I dont read or refer or learn from theories, Whatever the eye sees correct is always right & since your 2nd one shows accuracy in fib levels, I would follow what I see... whatever the reasoning for that case maybe...

 

[praveen taneja]

Thank God ........................

 

[pkamalesh]

hi czar,satda,alex or any one..plzz let me know where i can find the video of the kolkatta meet...plzzz

 

[satyamsit]

Thanx a lot to ur kind reply on the post. i was too bearish till yday until i dint this phenomena. we did take exact fibo level support right from the fall of jan.so i have to believe the second phenomena.