Nifty Futures Trading Part 2 (Positional)

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learn2trade08

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ohhhh...
now i get it...i think rishi had the same issue...thing is charts are as per ist,so last nights closing is taken as yesterday 11.59 p.m pricing and todays opening is taken as 12.01 a.m....
pretty sure rishi is going through same thing...
my fault guys.:)

and by the way the data in the charts are live tick data....


sorry bro yday close was 9033 pls confirm it from any sitehttp://finance.yaho o.com/q?s=%5eDJI now it is around 4%:eek::eek: and i m on 3400 call
 
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learn2trade08

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praveen bhai,yeh kya kar diya......3400 call,u think we will close above 3000 this expiry?:D
first sat'da adopted the bull kid and now he has abandoned him,the bull kid is in vanavas now,probably for four TEEN yrs.:eek:

sorry bro yday close was 9033 pls confirm it from any sitehttp://finance.yaho o.com/q?s=%5eDJI now it is around 4%:eek::eek: and i m on 3400 call
 

rishig38

Well-Known Member
5% from where bro??

Day low was 8749

CMP 8785 down 2.75%

Then how can it go 5% down , i cant understand.:confused:
I was using google finance and thats what it said there at that time...maybe before opening dow futures were down that much...

either way, dow is down 400 points right now...lets just hope it stays like that...

as far as 2940-70 level is concerned, it is a very very important level..if that breaks, i dont see us getting back to the old levels before 2010...
 

satyamsit

Well-Known Member
Just putting some thoughts on the charts... but frankly cud not find anything good below 3526/3472. So just thought to plot some fibonacci MAs on the wk-ly chart... it came like this.


Two encircled zone i have marked looks like a solitary looser out there among the protected levels by these MAs.. actually if u plot 55 or 50 (whatever suits u).. u'll get those levels..i didnt plot it bcoz it never worked in this correction.arrows r to show hw these levels worked in past occasions. after seeing the entire chart just concentrate on the current scenarios (present downmove from the peak). Its amazing how 21,89,200 MAs have distinguished each swings from each other.
SATDA here it is.
 
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