Nifty Futures Trading Part 2 (Positional)

[desi123]

Hi,
its make or break time

Theoretically the more closer the price gets to the junction (apex of the Triangle) of a Triangle, less is its validity for trading.

Targets for a downward breakout of this Triangle comes to around 1800 - 1900.

Cheers

Prashanth

 

[desi123]

Alex dear.... I have 4.90 Ami, and the changes you have suggested do NOT make any difference to my chart.... puzzling for me.

Can you post a chrt to show the difference, please?

First of all, thanks for the Info.

Here is a chart. Using AB 5.20.

As regards to formula, while the graphical representation is great, I seem to see that it takes not the first peak but the next peak when calculating the retracements. Theoretically its wrong.

Fibonacci Internal AND External Retracements

Cheers

Prashanth

 

[orderflow13]

Chart looks very flat at first glance.Few bullish observations ... nifty junior closed 2% up in green, breadth ( no. of advance stocks to decline stocks ) was positive, pcr above 1 with aggressive buildup in 2500 put ( nearly 42 lk )

 

[pkamalesh]

Think wel have a volatile session tomorrow....and after that triangle closes in...we might get that make or break kind of situation that dumdum was talking about..

all world indices looking for a bit of good news or bad news now...even a small hint of any bad news will hammer the markets in this bearish mode...

 

[rishig38]

Think wel have a volatile session tomorrow....and after that triangle closes in...we might get that make or break kind of situation that dumdum was talking about..

all world indices looking for a bit of good news or bad news now...even a small hint of any bad news will hammer the markets in this bearish mode...

gap down could take care of this zig zag movements of the past few days....

 

[dumdum20008]

Hi,
Triangle span value = 1000 Pt approx
Triangle running time = 30 trading days approx

now upward breakout tgt : 3750 ( = 2750 + 1000)
and downward breakout tgt : 1650 ( = 2650 - 1000)

tgt time : 30 trading days from breakout, around 10 Jan 09

arre yaar Nifty, go down and stop horrible nights/speculation.

[note : above calculation are from my learning profile, should not be treated hard cored by any biggner reading here.]

 

[debdeeps]

NF has broken important TL resistance 2752 upside; though Spot still remained within this TL resistance. Tomorrow will be deciding

 

[mitasatyajit]

 

[SriVijay]

the bomb planted on triangle end is working...........but can i know any indiactors that indicates the direction of explosion............ seniors guide me ........i want to know what indicators i want to watch at this stage.....like rsi ,macd...etc.....to confirm the direction of move......i am in earlier stage of EW analysis........

nifty is choppy for almost ten day now.....so i am not trading positional now......

my little TA knowledge is in positive points......

vijayakumar.S

 

[faith]

Thanks mitasatyajit
can you post zoomed out chart so that we can see full chart with all support and resistance lines

regards
faith