Nifty Futures Trading Part 2 (Positional)

[the tape]

long in nifty @ 2757 sl 2742

 

[Czar]

hmm.. no but all these sites you go to how many days data you load... cause 5 days RSI is not a good indication for hourly RSI 14, the more days loaded for hourly the more accurate the reading...

Tape: 1st Nifty needs to test the broken Triangle bottom TL...

 

[Czar]

why the hell is Nift fut high showing 2915 ???????

man this covers the gap without moving up...

 

[Czar]

 

[learn2trade08]

dear tp,
one usually uses Fibonacci extensions friend...On the way up 1.00 is ideal for profit booking and on the way down 161% and 261%....and i have seen that it works more often on the down side as long as you have patience and definitely a strict stop loss at entry once the next fib level is taken out.
all the best.

L2D: Can you please help share how you find targets based on divergence as you mentioned above in hourly div..Thanks

 

[the tape]

Tape: 1st Nifty needs to test the broken Triangle bottom TL...

Bulls are going crazy in 1 min

 

[Sunil]

Bulls are going crazy in 1 min

thanks to 60min!!!

 

[praveen taneja]

why the hell is Nift fut high showing 2915 ???????

man this covers the gap with moving up...

I feel its typo mistake bv someone intelligent like me want to cover short at 2715 n placed at 2915

 

[Czar]

I feel its typo mistake bv someone intelligent like me want to cover short at 2715 n placed at 2915

or maybe the operators set the target to achieve by settlement

 

[praveen taneja]

Circular on pay OFF and Pay In
Payin and Pay-out of NSE Settlement Nos. 2009034 (trading day 19th Feb, 09) & 2009035 (trading day 20th Feb, 09) will be on 25th Feb 2009. &Payin and Pay-out of BSE Settlement Nos. 0809220 (trading day 19th Feb, 09) & 0809221 (trading day 20th Feb, 09) will be on 25th Feb 2009.