Nifty Futures Trading Part 2 (Positional)

[columbus]

Think the two levels would be crucial for tomorrow..and if we close below the maroon line tomorrow also i think will add to the short positions

Kamalesh,

VIX is rather HIGH,it is better for retail investors to keep off from the markets.
We have already lost 4 days in a row .(of course last 2 days insignificant).
Suddenly RSI on EOD has increased (58).The MACD is comfortably placed.
(MACD histogram is sub-200 level).I think bounce-back is on cards.As you
know the market is highly manipulated and better to ride the TREND.

 

[pakatil]

High VIX means what. Is it an indicator for strong Rally or Decline. I have heard contrasting views. Some say it is Rally & some others say it is Decline

Pls forgive my ignorance.

Cheers

 

[pkamalesh]

High VIX means what. Is it an indicator for strong Rally or Decline. I have heard contrasting views. Some say it is Rally & some others say it is Decline

Pls forgive my ignorance.

Cheers

Sir it is volatility index...a measure of how volatile the market is...We can expect huge rallies up and down when vix is high

 

[columbus]

High VIX means what. Is it an indicator for strong Rally or Decline. I have heard contrasting views. Some say it is Rally & some others say it is Decline

Pls forgive my ignorance.

Cheers

Unlike RSI which says if it is above 70 then it is bullishness ,below 30
it is bearishness ,VIX is not an indicator at all.It cautions the investor.
Last few months it was in 30~50 range,still market came down. It simply
says that VOLATILITY in market has increased,in other words ,your
STOPLOSS will be hit very quickly,be careful.

 

[xtalk]

Kamalesh,

VIX is rather HIGH,it is better for retail investors to keep off from the markets.
We have already lost 4 days in a row .(of course last 2 days insignificant).
Suddenly RSI on EOD has increased (58).The MACD is comfortably placed.
(MACD histogram is sub-200 level).I think bounce-back is on cards.As you
know the market is highly manipulated and better to ride the TREND.

Columbus, pls reconfirm this. My EOD chart saying both RSI and MACDH on a down trend at 39.xx and 31.xx respectively.

 

[pkamalesh]

Columbus, pls reconfirm this. My EOD chart saying both RSI and MACDH on a down trend at 39.xx and 31.xx respectively.

Yeah xtalk...i too saw that after columbus sir said that..me too found the same numbers as u..Was columbus referin to somethin else?

 

[columbus]

Columbus, pls reconfirm this. My EOD chart saying both RSI and MACDH on a down trend at 39.xx and 31.xx respectively.

xtalk,

Please check on EOD basis (last 4 months) but not from EOD chart..
Please confirm.
For RSI I am using parameters E9,and E14
For MACDhistogram I am using parameters E9,12 and 26.

 

[learn2trade08]

dear columbus...
what are your parameters for rsi....
i think its your parameters...as of now rsi on daily at 39.56,but i cannot say its sloping down though...

xtalk,

Please check on EOD basis (last 4 months) but not from EOD chart..
Please confirm.

 

[mitasatyajit]

 

[columbus]

xtalk,

Please check on EOD basis (last 4 months) but not from EOD chart..
Please confirm.
For RSI I am using parameters E9,and E14
For MACDhistogram I am using parameters E9,12 and 26.

xtalk / kammy /l2t,

I checked the my trading website now.For the mentioned parameters in my previous post RSI is given as 39.94 and MACD-H is given as 37.68.

I think somewhere I went WRONG in my programme.Thanks for correcting me.

Error is highly regretted.