Nifty Futures Trading Part 2 (Positional)

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pkamalesh

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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.
Common columbus sir...dont be so formal yar...
 

orderflow13

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VIX





weekly ema and is breed is green ( see ribbon ) but daily impulse ( these r ema n its mix as well ) is red, it suggests a range bound market with bearish tone .
vix is making fresh highs ever.If vix is looking for res zone then we wd hv say, vix has res n we will hv weak hands out n so fresh up move vth strong hands.But here vix made fresh new highs so fear is air, all upside rally will be sold in to ( thats why frnds here rightly said vix nt a indicator, it just gives market sentiment, n indeed imp for option sellers )
p.s. pardon the mistakes if any, bit dz, n so why didnt post option chart as well.May be sum other time
edit.oops 4gt to remove adx in vix chart, ignore it,
 

pkamalesh

Well-Known Member
Alex learning from you as always :) Now your chart below, the adx last time when it started dipping we started moving up.... so your view ?




PS: dow got kidnapped by bears again, down 223
Good point czar sir..would love to listen the theory behind that...are we going to fall sharper this time or will we bounce back???
 
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