Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

as we had aniticipated there was no problem until 3150...now the maroon line would act as a mild resistance ..but if this is breached i would not think of shorts or puts until we touch 3490 or some where above it...

 

[pkamalesh]

NOW LOOKING AT THE WEEKLY...THE RED LINE RESISTANCE AT 3100 WAS CROSSED ....NOW THE NEXT RESISTANCE FOR THE WEEK WOULD BE AROUND 3500(GREEN LINE)...AND IF WE MANAGE TO CROSS THIS AS WELL THER IS ONLY ONE LEVEL LEFT AND THAT WOULD BE 4000.....MIGHT BE AT THE END OF NOV OR THE FIRST WEEK OF DEC..

 

[columbus]

as we had aniticipated there was no problem until 3150...now the maroon line would act as a mild resistance ..but if this is breached i would not think of shorts or puts until we touch 3490 or some where above it...


kammy,

can you reduce the size of the chart,it is overshooting the page.

Yes,3200 is a very important level to watch. After 5 day's of gain ,
a respite is on cards.

 

[pkamalesh]

as we had aniticipated there was no problem until 3150...now the maroon line would act as a mild resistance ..but if this is breached i would not think of shorts or puts until we touch 3490 or some where above it...


kammy,

can you reduce the size of the chart,it is overshooting the page.

Yes,3200 is a very important level to watch. After 5 day's of gain ,
a respite is on cards.

Yeah sure buddy..plzzzz dont mind...was just experimnting with the sizes..plzz excuse..will be fine with the next one...

 

[anandnikam]

Need advice

i have shorted 12 lots of nifty gutures at 3019...cmp 3160.2....shud i hold. the global market are
up by 4% each...shud i hold my position...will nifty fut come to 300-2900 in the coming few days....

 

[satyamsit]

Need advice

i have shorted 12 lots of nifty gutures at 3019...cmp 3160.2....shud i hold. the global market are
up by 4% each...shud i hold my position...will nifty fut come to 300-2900 in the coming few days....

Hi anand, quite a big volume i guess huh? Not going to that part y u have done it, bocz no point discussing it and we all learn from mistakes. so learning through trading and mistakes what we r doing hr. as u know here r number of people including our seniors who r trying there every bit to help each other, but as each of us do analysis i think there will be some different levels from different people, which can confuse u a bit(I am talking from ur perspective,as everybody's levels r derived from study). No doubt u'll get advice from number of people wishing good for u but i request u to decide how much u can withstand considering the worst scenario as per you. then all seniors an we also can get a view ab ur risk appetite and suggest u something viable.
Thank you.

 

[pkamalesh]

I had earlier posted this Ema cross overs for all my beginner friends...just have a look..if we would have latched on to the cross over we would have got a handsome 350 points profit (even i missed it..donno how...)...just check it and lemme know if it really helps...would post the various crossings and the points covered in intraday charts using the same EMA's....will see if they really work for intraday also...

PS : Czar sir plzz excuse me if im disturbing the flow of this thread....

 

[satyamsit]

I had earlier posted this Ema cross overs for all my beginner friends...just have a look..if we would have latched on to the cross over we would have got a handsome 350 points profit (even i missed it..donno how...)...just check it and lemme know if it really helps...would post the various crossings and the points covered in intraday charts using the same EMA's....will see if they really work for intraday also...

PS : Czar sir plzz excuse me if im disturbing the flow of this thread....

kammy , gr8 post it was... last sunday i had my tech class. we wr taught abt MAC which is quite similar to this one , will surely discuss that in free time.

 

[emailkailash]

Hi Kammy,

Can you please tell that how this 5 EMA and 6 EMA can be calculated using the nifty values.

Thanks in advance

 

[pkamalesh]

kailash...for any charting sftware u can choose the days and the open/close and high....so once u select the EMA and choose the 6 day close for that...once it is plotted select one more Ema and now choose the 5 day openn..