Nifty Futures Trading Part 2 (Positional)

[orderflow13]

But 2 is not the fib number.

sat da isnt fib series like this .. 0,1,1,2,3,5... adding prev. fig and getting next ?

 

[Czar]

One thought to ponder, we are watching fibs & retracements for nifty which after all is a mix of a certain stock but there have been changes done in the Nifty just recently so wont the scew the Ratio's a bit ? I mean stable stocks like i think h.honda / cipla were thrown out & crashing stocks like sterlite were bought in ??? your thoughts

 

[mitasatyajit]

sat da isnt fib series like this .. 0,1,1,2,3,5... adding prev. fig and getting next ?

U r right, but 0 1 1 2 are not used as fib number for calculation. Except 0,1,1 and 2, the ratios of all consequtive numbers are same.

 

[satyamsit]

Posting 2 LnT charts. first one is wk-ly with rsi . Here rsi making a 14 year lowest reading on the wk-ly chart... and the slpoe of the fall is awefully bad. previously the lowest reading on the wk-ly chart was 28.37 and this wk it has made a low of 26.10. Its not looking good.

now the second chart..showing its around a monthly rsi support but see how it reacted at that level ... it retasted that level at numerous occasions , even in price chart. so if it take this support i think we'll get chances to enter later, if any low is being retasted for few number of times (no question of V shape rally as per czar bhaiya), we'll consider buying it. otherwise if this level also breaks next monthly support around 36 level, from whr it took support in the past.

 

[orderflow13]

czar interesting point ..... i didnt see that way ... but is it neutralized by adding few out performing stocks by throughing underperforming stocks ? like dr. reddy out and cairn india in ..??

 

[Czar]

Unfortunately the damage done by ster & I think suz is horrible, Dr. reddy has not fallen that bad but Cairn is loosing more & will more due to crude connect..

 

[orderflow13]

Unfortunately the damage done by ster & I think suz is horrible, Dr. reddy has not fallen that bad but Cairn is loosing more & will more due to crude connect..

very very interesting point u made .... gotta see by that way, it must hv skewed every other indicators ( price only )
sat da are trend lines wd differ by points ?

 

[mitasatyajit]

very very interesting point u made .... gotta see by that way, it must hv skewed every other indicators ( price only )
sat da are trend lines wd differ by points ?

Nope, Linebaba will remain unchanged. Nifty : Sensex = 2970 : 9700 = 1350 : 4550. Time for the both are same for the first 2009 2nd Qr : 2009 2nd Qr and for the second it differs 2011 1st Qr : 2010 1st Qr.

 

[learn2trade08]

sat'da...
does tht mean according to line baba,no sub 3000 till 2nd quarter of 09...
please confirm yes or no is fine....will help me a lot..
thanks

Nope, Linebaba will remain unchanged. Nifty : Sensex = 2970 : 9700 = 1350 : 4550. Time for the both are same for the first 2009 2nd Qr : 2009 2nd Qr and for the second it differs 2011 1st Qr : 2010 1st Qr.

 

[mitasatyajit]

sat'da...
does tht mean according to line baba,no sub 3000 till 2nd quarter of 09...
please confirm yes or no is fine....will help me a lot..
thanks

A million $ question. I am also searching the answer. I have tried google search, traderji search, y a h o o search and all the search engines in the world. If u can find this out, Czar is ready to pay u, Rs. 500 crore in a single currency note without any question.