Nifty Futures Trading Part 2 (Positional)

[satyamsit]

For the sake of learning, posting it.

dada u have to take the...first highest high and then low na? otherwise how can the downwave be started? and thats also the 2nd top i guess. first one was at 4654 from whr fall started.

 

[mitasatyajit]

i think nifty should close above 3440 in case we wanna move up which doesnt seem to be the case with dow 740 down....and the last mild support for nifty should be 3200 which would be broken tomorrow....and we should hopefully stop at 2970 and forcefully send satda for a world tour.....or else wel see nifty crashing down only for line baba's sake..hahhahaha

Please try to prepare trendline chart in bar or OHLC mode. It will be easyer to draw trendlines.

 

[satyamsit]

Lo, I know the tickets will be sold in black. 3200 is a good support, u have to wait for this. There is a possibility of double bottom. At thhis moment (also there is a possibility of gap down) if u buy put, may not give good result if bounce takes place.

da i was not talking abt puts... just found 3040 supp near urs 2970... thats y told that... otherwise on the chart pic i wrote ... level is for watching ,.,,then came to know abt ur supp.

 

[mitasatyajit]

Satyam
It is Nifty spot chart. Can we consider the waves as above ?

 

[mitasatyajit]

da i was not talking abt puts... just found 3040 supp near urs 2970... thats y told that... otherwise on the chart pic i wrote ... level is for watching ,.,,then came to know abt ur supp.

No that was my mistake of quote click, I have rectified it.

 

[orderflow13]

sat da its horrid chart for bulls !! 5th wave about to begin .. boy ..
is it daily or hourly ?

 

[mitasatyajit]

sat da its horrid chart for bulls !! 5th wave about to begin .. boy ..
is it daily or hourly ?

Daily sir. It is written in the top of chart.

 

[orderflow13]

now is this the worst fall in a short time in any index in history...russia is down 70% from mid-may 08.....just adjust the dates in the java chart provided in the link
http://www.rts.ru/?tid=690

i learned that today s&p also had highest fall in % terms after 1983

 

[satyamsit]

ALEX BHAIYA

1,1,2,3,5,8,13,21,34,55,89,144.. r fibo series.... except 1 1 2...
all subsequent numbers ratios 2/3, 3/5, 5/8 tends to .618... inversely 3/2,5/3,8/5,13/8 tends to 1.618 .. which is inverse of .618 . now alternate 2/5, 3/8, 5/13 tends to .382.... and inverse 5/2,8/3/13/5 tends to 2.618 which is a inverse of .382. and it applies to waves too... every ratio somes one by one ... and another mechanical proof. in any charting software... in retracement tool... there are always 161.8%...261.8% retracement also...

 

[orderflow13]

Daily sir. It is written in the top of chart.

infact it was written in bold letters