Nifty Futures Trading Part 2 (Positional)

[pkamalesh]

 

[mitasatyajit]

can see another lower pivot which is formed on the daily...and this one couldnt manage to cross the previous lower pivot high indicating a huge resistance around the 2835 level...so if it crosses this level with volumes we could see a rally past 3000....on the lower side 2575 would be to watch out for as it would be the end point of the previous lower pivot low...if it crosses this level we could see massive shorting....

 

[pkamalesh]

The lower maroon line is currently acting as a major resisatnce(it was a support in earlier months)...Now if we dont manage to close above the lower marron line we cant make it into that range and a lower range would start and invariably lower lows could be expected around jan....

PS: This is Nifty Futures Monthly......Typing error on chart...

 

[orderflow13]

Range market or we can say NIFTY is range-bound.On such conditions its advisable to trade other stocks which are still in trend and forget the nifty for time being, as it will be very choppy and direction less so almost hard to make money

 

[orderflow13]

( Note - To avoid the confusion now on i will post option related chart in one post and price related chart in other post, but must say options and prices are very closely connected )
Most active call is 2800 and most active put is 2700, 2500 pe witnessed shade in open interest. Vix in downtrend and o.i. pcr in range so combine effect is neutral to bullish, but its not convincing to take directional trade.

 

[dumdum20008]

Hi,

 

[Satyen]

Hi Czar and others are we forming any triangle like formation on hourly chart ??

Forgive me if posted but wanted to confirm from you people

Regards
Satya

 

[columbus]

To be frank ,given the current conditions ,the SENSEX should have
gained above 500 points, since Asian Markets closed anywhere between
4%~7%.Does this mean we are in for downward movement???.It appears SO.
This is a bit contradictory to VIX chart (volatility chart),since VIX cooled off
to substantially to 50 levels.

 

[mitasatyajit]

 

[orderflow13]

To be frank ,given the current conditions ,the SENSEX should have
gained above 500 points, since Asian Markets closed anywhere between
4%~7%.Does this mean we are in for downward movement???.It appears SO.
This is a bit contradictory to VIX chart (volatility chart),since VIX cooled off
to substantially to 50 levels.

Nifty is not in a trend, its in a range of 2900 to 2500...most world markets are trading in their historical high quality value zones, pe multiples and yield curves of security are the things which are highly dependent on that countries risk free interest rates.There is no surprise each market will speak their own language... its just my opinion and i knw most friends here dont agree on this