Nifty Futures Trading Part 2 (Positional)

[xtalk]

CBOE VOLATILITY INDEX 55.65 -14.30 -20.44%

record after record :

 

[Czar]

SatyamSit: 1 more important question regarding your chart posted... WHERE WERE YOU HIDING FOR SO MUCH TIME

SatDa: Told you dont leave the baby with Alex, see kya pila pila kar made him go wonky...

 

[satyamsit]

so lets say we had a high of around 4600 couple of months ago and a low of 3200 couple of days ago, so the 50% retracearment should take us to around 3900 level, which is also the resistance according to satya at 3965..is that correct??

yes it's correct . bcoz technical is absolutely complementing if things r done in a proper way. satda's t.l lines r time tested and if my counting and projections r ok then it's juxtapose satda's number. and its doing quite well i guess. wave "a" projection is coming around 3935. cheers!

 

[satyamsit]

 

[orderflow13]

stop czar ... my stomach is paining now ...rof

 

[satyamsit]

simply awesome, plz keep posting ur charts...
so u indicating we will witness a,b,c pattern as we had on 24.7.08 ?
and does it mean after a,b,c we follow 1,2,3,4,5, down waves ?

yes we'll witness a,b,c pattern now. mostly it does retrace 50% as author robert fischer says, but will also request to calculate 38.2 and 61.8% for the first upmove and to do the same calculation for safety measures. thank you.

 

[Czar]

In fact Satda what Satyamsit said is what I was reading ... around 4K then to test the bottom monthly TL & then 4100 approx... makes sense

 

[mitasatyajit]

yes it's correct . bcoz technical is absolutely complementing if things r done in a proper way. satda's t.l lines r time tested and if my counting and projections r ok then it's juxtapose satda's number. and its doing quite well i guess. wave "a" projection is coming around 3935. cheers!

That was the reason, why I was asking pakatil for posting different angles. If the analysis are OK, all the levels will meet at the same point. We the people, do not know how to interpret the different indicators, so different levels come.

Thank u Satyam for posting ur very clean and tidy charts here.

 

[mitasatyajit]

In fact Satda what Satyamsit said is what I was reading ... around 4K then to test the bottom monthly TL & then 4100 approx... makes sense

One difference is there, wave "b" of satyam says 3575 and linebaba says next month support at 3511. Probable reasons may be :

1. Wave "b" will form during December not in November.
2. Nifty will not come to 3511 in November because wave "b" finishes earlier (if forms in November).

 

[orderflow13]

yes we'll witness a,b,c pattern now.

plz one more qs. ( hope u dont get irritate .. as i found easy way to learn EW .. forgive my laziness )
if we break a,b,c, follow up hist pattern and instead of going down with 5 waves if we goes up .. is there any instance happened in past ?
i am asking this cuz on 5 year chart we in 4 th wave n looking at 5 th wave, for that to happen we must go up .. ... so we must confirm it with primary, secondary EW .. can we get early signs to confirm whether we going in 5 th wave ?( my understanding is ew made up of numerous small ews )