Nifty Futures Trading Part 2 (Positional)

[columbus]

This is my subjective Opinion,with only 21.30 points Stop ,a strategy to Long,if it fails i would obviuosly be on Short side with conviction of the Levels given,you may differ ,of which everybody has equal right to do so.
Do we feel that ALL of our speculations works for MOST of us most of the Time.
Never ever seen one such individual in my entire trading life,but do we not then also take calculated Risks,each & everyday.

Despite such a drastic falls in this week , we have a number of GAINERS.I think buying is emerging at lower levels.Better to take a CAUTIOUS approach ,wait on sidelines for the trend to develop.

 

[columbus]

Columbus...u from hyderabad???me too from hyd but now in mumbai..gr8 to se some one from hyd....

I was in Andheri (east),Mumbai for about 4 years.

 

[renu daga]

no
both dadas,,

sat da,,
i am loking for support comiong on bais of stoch,,,,and teh green / red...lines
i said we will see ing new lows for reversals!!!
i am still intact of value 2539....for nifty
dada ignore balck lines,,, my subject here is stressed on red / green lines ,,a nd stoch

asish da,,, i thought u are defenitely sure for sticking ur neck out>>> so

well
we have seen 2000 points nifty down,,,, and now i think this 500 pain is more,,,, liek killing with sweet poison...
but aissh da,,,my point on that rainbow indiactor,,,, is,,,( i hope u remember),,,,its is showing not good signs on monthly basis,,,,

foe example,,, it showed tisco at 600 slpoing down,,,and now its 260 eevn i could not imagine and believe ,, but its terrific!!

third point
is ulimate oscialltor which is showing 700 on negtaive zone..on weekly bais,,, and monthky its just reached to zero

so all this is under cinclusion that we are nearing to bottom..of this poisonous rally

 

[columbus]

Thank u for the post after a long days.

In ut attached chart, stochastic = 13, MACD = 95, RSI = 38, price low touches lower bollinger band. With the help of above data, how to identify support ?

Yellow line is near 2500, black lines are at 6500 and near 1400 or less.



Sorry for the inconvenience.

On EOD basis ,RSI stands at 20.

 

[renu daga]

sorry clombus...
thsi is monthkly chart

i am finding ,, no use in seeing daily now

renu

 

[columbus]

no
both dadas,,

sat da,,
i am loking for support comiong on bais of stoch,,,,and teh green / red...lines
i said we will see ing new lows for reversals!!!
i am still intact of value 2539....for nifty
dada ignore balck lines,,, my subject here is stressed on red / green lines ,,a nd stoch

asish da,,, i thought u are defenitely sure for sticking ur neck out>>> so

well
we have seen 2000 points nifty down,,,, and now i think this 500 pain is more,,,, liek killing with sweet poison...
but aissh da,,,my point on that rainbow indiactor,,,, is,,,( i hope u remember),,,,its is showing not good signs on monthly basis,,,,

foe example,,, it showed tisco at 600 slpoing down,,,and now its 260 eevn i could not imagine and believe ,, but its terrific!!

third point
is ulimate oscialltor which is showing 700 on negtaive zone..on weekly bais,,, and monthky its just reached to zero

so all this is under cinclusion that we are nearing to bottom..of this poisonous rally

Difficult to say ,whether BOTTOM is reached.But whenever
MACD (on EOD basis) reaches greater than -200 points ,a
reversal can be expected.As of now MACD on EOD basis
is around -250.Similarly whenever MACD is +100 ,we
can expect a reversal on top side in bearish market.

 

[uasish]

Renu,

Who can rightly speculate the Right side of chart in this PLANET ,nobody ,so we always try to stay with the Trend/Flow until it reverses.
May be you are right about that 2500 or RIL may go to 0.10 paisa in cash Mkt as some one said here,we can only come to know within few months or few yrs or may be my grandson will see RIL to be 0.10 paisa,cant say.
I felt to share a strategy in Positional Trade with 21.30 points Stop.

Asish

 

[renu daga]

i obswerved that,,,in that way u are correct...in weekly daily ,,its baout 200/250 but monthly its still highly pos,,, in that way we can think we are stil in bull run,,,,

too much looking is really confusing,,,, at times,,,,

but conclusion still 2539

hehehhe

 

[renu daga]

common dada,,
ril 10 paise!!! i think tisco will be sold in free!!! and what baout infosys / pentamedia!!!

renu

 

[uasish]

As far as i know Czar has been buying RIL,in tranches becoz if Mkt rebounds some time then this will Outperform as this time this is Underperforming.

For Tisco ,a company in hey days Leveraged 10 times it's balance sheet to buy Corus.
The Loans are to be Paid.

Tisco's Revenue portion's more than 60 % comes from Outside India,are we confident of India's resilence or entire World's resilence.

Think as i know you hold Tisco from Long back.