Nifty Futures Trading Part 2 (Positional)

[dumdum20008]

Arre yaroon, we r bull or bear, but why my eyes seeing only wolfe (wave)

here is on NF 5 min, (involving awaited 2740 zone)

and this one on hourly ( hope this come true)

will wolfe find its 5th in Gap Zone (2630-2540) ? If its so then it should do in next 5-12 hours, to hold pattern good ( sir, please forgive if im confused/wrong)

 

[coolboy007]

Dumdum

Nice charts.

Also , did anything significant come out of the G20 summit or every1 had nice lunch and dinner. Is there anything that surprised positively because mkts has high hopes the way we recovered in last hour and also some PE writing happened as all PE lost value that day.

If nothing significant has come out , then 2740 would be tested 2moro (maybe bad global cues) and if broken i think could lead to a fall till 2650 region and Dumdum's analysis wud be proved right.

I think it will be better to short below 2740 , any views????
I dont know why but i strongly feel that 2740 will be broken 2moro. Hmmm.....

 

[dumdum20008]

Dumdum

Nice charts.

Also , did anything significant come out of the G20 summit or every1 had nice lunch and dinner. Is there anything that surprised positively because mkts has high hopes the way we recovered in last hour and also some PE writing happened as all PE lost value that day.

If nothing significant has come out , then 2740 would be tested 2moro (maybe bad global cues) and if broken i think could lead to a fall till 2650 region and Dumdum's analysis wud be proved right.

I think it will be better to short below 2740 , any views????
I dont know why but i strongly feel that 2740 will be broken 2moro. Hmmm.....

Hi coolboy,
I was ( and every one , i tkink) surprised by Dow Surge on thursday from negative zone( it took beating on weal earning/economy forcast) to positive zone( it revived on G20 illusion).
G20 is nothing to offer its like "Bhikhari Meet"( sorry)
and some realization of this along with GM bailout took again dow down on friday.
Break of 2740 may catalyse selling, but personaly i wont think its better to enter freash short, as im already. Instead , its better to enter long if Gap zone tested, beacuse what i feel, it is claasical Adam(2250) and Eve(Gap Zone) bottom formation under development.
( these are only my personal views that changes as market )
Yes u r right about PE writting, that lead to profit booking in my 2700P and 2800 PE.
But Put Bear spread have improved in comparision to Call Bull spread that may confuse put writters

 

[coolboy007]

If we see DOW , the same thing nearly happened on friday too but Dow reversed in last 10-20 mins and closed near LOD.

I am also short with some PE's so 2740 is a big level for shorts. Only global mkts cn decide the fate , dont think we cn break 2740 so easily with trade progressing. If its taken out will be taken out in a Gap down.
So am hoping that when i come back frm school at 3 pm , mkts dont recover Samjha karo yaar.
G20 has given out nothing like worldwide mkts expected so thats again a negative cue for mkts and also US mkts goin down 5%.
Lets see...

 

[satyamsit]

Hi Abhik... gr8 to find u here. and hope u also had gr8 experience joining here.... and be sure the guys out here especially seniors like ASHISH sir, SATYAJITda ,alex, czar bro, sunil, shisir r just fantastic and damn helpful.... so get most outta it bro... u cant get bigger than this.... m learning everyday from these guys... hope u'll have the same exp..... cheers!

 

[learn2trade08]

dear seniors,
can you ppl please take a look at this and help me understand a bit better....
things like if i am drwaing it right(gann) or are there any particular steps to be taken while plotting the gann...
thanks in advance.

 

[pkamalesh]

 

[arsenal_7]

Nifty bear market rally coming to an end with reversal "double top" formation and breakout on 12-Nov.

 

[Czar]

L2T nice work, 100 MA spot on... dont have much idea about gann sorry cant help...

As we discussed about your query, Nifty had to give respect to this TL.... check this quarterly chart...

 

[Czar]

also remember even if this this TL holds for argument sake in the next 9 months it will atleast be tested twice.... thus no rush for investors....