Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

 

[satyamsit]

Hi guys , friends , seniors ... m as excited as ever b4 posting this chart also.I have just found it now, and at least my eyes cant believe it, how accurate it can be. I have drawn a downward channel on the daily chart(semi log scale) of nifty future. i took the closing chart and connected the top and then make a parallel line to that. And see how this is coming. Isn't it amazing????? One close above this lower downward line, we have to take a bullish view for intermediate term i guess. The sloping levels are pegged around 3180 and downward. Just take a look.

Above pic posted on 3rd of now and was looking like this...and

NOW THE TODAY"S DEVELOPMENT

 

[pkamalesh]

I think what happened after 3790-4539(spot) in july , this time same may repete after 2252-3240 (spot), but with greater voilence, because this time we have retraced much more in %terms as well as value terms.

yes we can......yes we can....yes we can....why cant obama say this to dow yaar????

 

[Czar]

actually satyam also check the weekly it'll be more fun

 

[mitasatyajit]

but da, how you are getting opening gaps in your charts.
as for as i know nse adjust opening to vanish gaps in spot( i dont know why)

Yes satda...even i dont get to see the gaps in the nifty..

gaps dont matter for SatDa's method & Nifty spot gaps are not made since they consider last close as open..

The data is from y.a.h.o.o . I use jdm's software "Data downloader" to update chart manually.

 

[pkamalesh]

Satyam why is my chart showing this way???? but still i feel there are two trends here (blue range and the red ones)...if we break the bottom blue line which is at 2850 we would be probably heading down south but if we manage to cross the upper red line we might end up landing at aroung 3500.....

 

[columbus]

columbus...do u think we have started falling again or there is a bit of upside to see????

kamalesh,

As long as Volatility Index (VIX) is high,the violent gyrations (in both sides) are seen in the market.VIX is also known as FEAR index ,by some.Y'day the index was at 62 ,but market gained handsomely and today ,it was at 67,but
market has collapsed.Eventhough markets gained substantially over last week
the RSI did not even cross 50 mark.It is at 42 now.

 

[pkamalesh]

i think tomorrow wel get the formal announcment about the rate cuts by all major banks...and is there a FM show tomorrow????Anything weird expected???

 

[dumdum20008]

The data is from y.a.h.o.o . I use jdm's software "Data downloader" to update chart manually.

da, how can i find this dloader , i google and find this but looks different


http://www.traderji.com/software/71...a-downloader-v1-0-year-1991-current-date.html

its for EOD and for BSE ????

 

[xtalk]

For nifty the Key is RIL. Look like few big elephant dumping it. My target is 1070 and then 870-890, unless FM reappear on TV again.