Nifty Futures Trading Part 2 (Positional)

[the tape]

Lots of bullish candles for the nifty traders. Happy diwali

 

[xtalk]

On the eve of Dewali (and Kalipuja) my hope & prayer would be peace and calm for everyone including our very own sweet Nifty. We need consolidation period.

Cheers
xTalk

 

[orderflow13]

By alex_laxya

VIX MADE NEW CLOSING HIGH AND INTRADAY HIGH AS WELL (90)
Now strategy is wait for impulse bar to turn white or red, to get in to buy mode.
Another thing, if volatility dropped then we must increase our lot size, until sebi do so ( by rule, lot size must be above 2 lk rs in value )
p.s. didnt add regular chart of nifty as healthz down....in nifty chart, oipcr increased to 1.31 with 2400 put most active. most active calls r 2500 ( all in next series ) now on chart we have first time gap down on most active call and put candle.
We have hammer but close is in red so its implications are still bearish.
so in short chart tilted towards bears but with few signs of reversal but that need further confirmation.
Alex

 

[orderflow13]

By alex_laxya

ok posting nifty eod chart.. somehow manage.
pardon if there r mistakes, bit dizzy

 

[Czar]

no yaar you are fine not dizzy, its the nifty which is dizzy today

 

[xtalk]

Identify this chart. Can you?

OK, its CBOE VIX Weekly chart and look at the volatility over last decade (1999-2008) and see the fear index in last few weeks!!!

Thanks!!

 

[learn2trade08]

to all my dear and cherished ones,
the ones who are like my family (virtually),happy diwali..........
the traders in traderji shall prevail thanks to the seniors who are passing on the spirit be it satyajit'da,czar,saint,ashish'da,soumya,karthik,cv to sunil/alex/satyam/kammi.......
the light shall definitely pass on thanks to the seniors.
and definitely to ashish'da who is set to move on from next week..you have definitely done your thing,wealth of information through u on traderji....
wish you all the best....
i know for sure when ashish'das target is achieved he will be back with lot more experience's to share with traderji members.
to sum it up,Happy Diwali folks.

 

[pkamalesh]

Guys is the market open tomorrow???and what is that muhurat trading???dint understand..

 

[learn2trade08]

kammi,
http://http://en.wikipedia.org/wiki/Mahurat_trading

Guys is the market open tomorrow???and what is that muhurat trading???dint understand..

 

[mitasatyajit]

Happy Dewali to all brothers and sisters.

Satyajit