Nifty Futures Trading Part 2 (Positional)

[devangan123]

tez gaadi yaa dhimi ????

Probably Lalu's Garib Rath

 

[pkamalesh]

3074 se 2900 jane wali nifty bear super fast express kuch hi dino me kanyakumari pahunchegi......

 

[pkamalesh]

Todays EOD chart..i think wev found a fresh bottom at 2480.....

 

[mitasatyajit]

Todays EOD chart..i think wev found a fresh bottom at 2480.....

Good going, kammy, keep it up.

 

[pkamalesh]

Good going, kammy, keep it up.

Thanx satda....i really admire you and all the seniors..in fact ive learnt everything from you and only then i got the MS sw...thanx for all ur encouragement.......

 

[mitasatyajit]

Thanx satda....i really admire you and all the seniors..in fact ive learnt everything from you and only then i got the MS sw...thanx for all ur encouragement.......

Compare also ur charts with higher timeframes, before making any conclusion.

 

[pkamalesh]

Compare also ur charts with higher timeframes, before making any conclusion.

ok..u mean u want me to compare the monthly and quarterly????i thought of posting but then i thought people in this thread would yell on me for posting the same nifty charts agian and again..ok satda if u permit ill definitely post what i can find from the higher ones..

 

[mitasatyajit]

ok..u mean u want me to compare the monthly and quarterly????i thought of posting but then i thought people in this thread would yell on me for posting the same nifty charts agian and again..ok satda if u permit ill definitely post what i can find from the higher ones..

Daily - Weekly - Monthly - Quarterly - Yearly.

 

[pkamalesh]

satda found a very interesting point in the weekly...just check the two coinciding green and red points..the green points support the position that nifty closed today and i think the next weeks support is at 2950 as there are two points coinciding at that level also...

 

[rajaram.dilipkumar]

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 !

see how right i was about yesterdays low not being broken ....
my todays trades
sold 3400 calls @ 124 ( appreciating myself )
3 x ( from usual position size ) buy @ 3155 futures s/l 3090 ( banging myself )... but for that buy @ 3155 i would have been a lot more happier person this week.
Also Just looking at some of the stocks like india info,adlabs, HDIL etc... the downside definitely seems limited as they are much more closer to zero than even 25 % retrace of their entire run from 10 odd to 1000 odd.
Thank god iam following TA rather than FA ,which i did a few years back, else i would have filed for bankrupcy as i would have still held on to tcs , icici etc..