Nifty Futures Trading Part 2 (Positional)

[columbus]

By alex_laxya

Three white impulse bars.Definitely cooling time for vix, as one resistance awaiting in front of it.

For last 5 days the VIX is in excess of 40.There is a marked change in VIX for the last 7 trading sessions.Now it stands at 48.

 

[pkamalesh]

hi satyam.ashish da,satda and alex and czar..plzzzz help me in learning EW too..was interested after seeing u guys discussing it..

 

[satyamsit]

hi satyam.ashish da,satda and alex and czar..plzzzz help me in learning EW too..was interested after seeing u guys discussing it..

Kamalesh its not the right time to take my names along with their names. all i can say i am ready to learn with u... from the abundant resources provided by our seniors right here . thank you.

 

[Czar]

Derivatives Summary

Nifty (October) future premium has increased from 4.40 points to 20.40 points and around 3.51 lakh shares were added in open interest.
Total open interest in the market was Rs61,554 crore and Rs346 crore were reduced in open interest.
Nifty call option added 12.32 lakh shares in open interest, whereas put option added 3.36 lakh shares in open interest

FII : -1160.63 cr
MF: +737.77 cr


Tazaa khabar Nifty remains here, chit chat is now moved here : http://www.traderji.com/general-chit-chat/24384-chit-chat-thread.html

 

[rajaram.dilipkumar]

monthly views ....and yes it is consolidation time as even i think we wont break todays lows this month

 

[Czar]

RD we are already at the bottom TL for this month , what next ?

 

[rajaram.dilipkumar]

RD we are already at the bottom TL for this month , what next ?

http://www.traderji.com/general-tra...87-call-your-bottom-contest-3.html#post223933

czar,my view has not changed but as can be seen from the monthly charts we are drifting down to the next pivot at 2595 ... its a question of when we will visit that pivot. Also i again dont think todays bottom will even be retested this month or even next month , probably 2595 may happen around feb-march 09. But market does what it wants to and my job is to follow it where it wants to !

 

[Czar]

RD lol check this post of july, when you were thinking 3550 in sept... but I would correct it to feb..:

2600 by may next year is the bottom... kapish ? any kind of intermediate rallies will not change this target...

did u mention 3790 .... my views on this, 3550-3650 by oct-nov 08 might be a bottom being the 50% retrace of this bull run from 915 - 6300. Dont know whether even that level would hold... One assumption , 4650 in nifty will not be violated by bulls ........ 3200, 2900 are other levels to watch if 3550 also breaks.

 

[rajaram.dilipkumar]

RD lol check this, when you were thinking 3550... but I would correct it to feb..:

i think we have a bright future in astrology ..... just wondering if i could predict 3550 in 0ct-nov08 when nifty was at 4250 on sep 23 then why hasnt my bank account swelled by that extent. Even 5 lots of nearby puts would have made my diwali.

 

[Czar]

Best we retire & open one of those Astro Nifty calls site