Nifty Futures Trading Part 2 (Positional)

[coolboy007]

OK, are going +10% or -10% tomorrow? These days I'm so used to seeing double digit in index.

All depends on Dow fut baba

I will kill this baba if i meet him really irritating me , i dont know why but my intution baba says that we may rally for next 3 sessions. Am expecting a closing near 2900 by exp. I will go long 2moro after seeing our dear nifty but will play in options with hedging.

 

[columbus]

Donno where we r goin tomorrow but can use the support and resistance from the trendlines....

To be frank ,there is no support to NIFTY as such.I remember analysts fore- casted that 2720 is a support and in any case nifty could not go
below 2720.Of course you know the fate of this prediction.Nifty has no
support ,simply it is hanging in the mid air.

 

[satyamsit]

Satyam just foud this alpha omega elliot retracement for MS....whats interesting is that all the retracements 8%,13% and 21% still not found the 5th wave......what do u think????

Hi there Kamalesh... i am having that add-on called alph omega for metastock installed, but frankly speaking i found it hugely confusing. I have got a manual in pdf on alph-omega application. i can share it if u need that. so not wasting time by cracking by head out.. will post some interesting charts soon.... keep an eye... we can discuss on that.

 

[xtalk]

All depends on Dow fut baba

I will kill this baba if i meet him really irritating me , i dont know why but my intution baba says that we may rally for next 3 sessions. Am expecting a closing near 2900 by exp. I will go long 2moro after seeing our dear nifty but will play in options with hedging.

As per late Friday Dow Fut is at 8,261.00 (-513.00) (-5.85% down) , is it limit down again?

I think everything hinges on yen carry trade. If yen becomes stronger then more sell off can be expected.

 

[coolboy007]

As per late Friday Dow Fut is at 8,261.00 (-513.00) (-5.85% down) , is it limit down again?

I think everything hinges on yen carry trade. If yen becomes stronger then more sell off can be expected.

Now toh people should understand and stop seeing dow fut
Again 513 down , what are these americans upto , now people will think its a false alarm and will not care about it and who knows dow may fall 6-7% of its quota due on monday

Its all roller coaster and yes Yen is another big factor.

 

[AW10]

513 points drop in DOW futures does not trigger the limit. The rule is if during GLOBEX session, Dow futures reach limit of 550 from the close of US trading level (i.e. 3.15 pm NY time) , then halt the trading. On Thursday Dow future closed at 8783 in the US and by friday morning it was down to 8234 level hence it triggerd the limit.
So in order for limit to trigger on monday, Dow future needs to touch 550 points below friday's close of 8261 i.e. 7711 level.

Check out the 60 min Dow futures chart attachment. Those big spikes in volume part is the time when US trading is on.

Happy Trading

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[satyamsit]

Hello Friends, wud like to share something i am just excited about. I dont know when this worrisome phase will be over, where this trouble and extreme jitter will take a breather. But i have found something which has amazed me. cant wait to share with u people , to all my seniors. plz take a look and comment.

 

[orderflow13]

excellent satyam ... we can see hard work behind ur calculations, and i didnt miss personally ur dedication and ur belief system.
what i fathom from ur post
we can assume 3216 ( bottom of 3 rd wave as potential resistance ) and gaps are colliding with major fib retrace levels. ( correct me if i am wrong as i am running on bad health, bit dizzy )
in candle stick pattern guys call gap as window, and they watch closely if window gets shut ( mean gap been negated and we retrace above gap ).. shall we watch closely first window get shut down to see reversal pattern ? if it shuts what will be the wave structure ?
p.s. sorry if i am not clear, dont hv power to rephrase words

 

[satyamsit]

excellent satyam ... we can see hard work behind ur calculations, and i didnt miss personally ur dedication and ur belief system.
what i fathom from ur post
we can assume 3216 ( bottom of 3 rd wave as potential resistance ) and gaps are colliding with major fib retrace levels. ( correct me if i am wrong as i am running on bad health, bit dizzy )
in candle stick pattern guys call gap as window, and they watch closely if window gets shut ( mean gap been negated and we retrace above gap ).. shall we watch closely first window get shut down to see reversal pattern ? if it shuts what will be the wave structure ?
p.s. sorry if i am not clear, dont hv power to rephrase words

Bhaiya first of all if u r not at ur 100% ,u shud nt wake up till now. it'll affect ur tomorrow. plz take rest and care of urself.
secondly thanx for ur comments , i really need this to learn more. u r absolutely right that we have formed a bottom at 3216 and from thereon projecting 2225. if 4654-2225 is a total down move, then it's retracements levels (23.6,38.2,5.,61.8)shud provide resistances at the time of the formation of a-b-c patterns. and as per gap theory gaps/windows shud provide resistances/supports(in this case resistance as all r down gaps). and these r just exactly at same places as of the retracement levels thus validating 2225 to be a probable bottom.

 

[Sunil]

From the World Wide Web:

If anyone can post such a two-decade chart of Nifty spot (on log-scale & linear scale), then I would really be grateful...

PS: I think nifty spot data is available only from Jan 1991