Nifty Futures Trading Part 2 (Positional)

[cheeku]

SO BEAR GAVE UP!!

 

[orderflow13]

Alex if we dont break down the todays low we have +ve diver everywhere... a classic bottom...

phew !!... hectic day ...but good one indeed, you r bang on buddy, yesterday charts gave us few signs of trapping the bears, hourly fib retrace saved the day,
now the strong downtrend must be arrested only then divergence will play the key role, todays pull back was purely short squeeze, see the open interest
now mighty tape joined the hands so our gang of american market become stronger
satyamsit broke my record of most late morning post ( he posted sumthin at 4.50 am )

 

[Czar]

True alex your analysis y'day night was spot on & I noticed even after a big fall y'day we lost OI

 

[orderflow13]

ok while typing market gave a lot ... 3255 was last wrb 61% retrace value ( hourly ), we broke that one

 

[learn2trade08]

8300 should be temporary bottom for dow as its 78% on hourly...today futures of dow actually reached there....
if this holds good dow 10300

True alex your analysis y'day night was spot on & I noticed even after a big fall y'day we lost OI

 

[orderflow13]

True alex your analysis y'day night was spot on & I noticed even after a big fall y'day we lost OI

ehh seems like the order of the day since 3,4 days

 

[mitasatyajit]

 

[Czar]

Usually a 3rd gap is covered promptly but was today an exhaution gap is the question... by EOD we should know...

In the last 3 big falls this is the only fall where Nifty fut always remained in premium..

Also world is cracking up remember when asia was shining y'day, we have already done our 1/2 share by falling 5/6% y'day again correctly interpreting the Dow, we are Dow reading champions now a days...

Tadaaa

Bears enjoyed their meals...

 

[orderflow13]

sat da .. wherever green support line moving, put writing is happening on that level , today 3100 put witnessed o.i.
now picture is framing.. and that picture is of a bull, though not clear but bulls are coming from back door this time ( you blocked the front door )

 

[orderflow13]

Tadaaa

Bears enjoyed their meals...

i am the one with bottle in hand , plz dont deprive the honor