Nifty Futures Trading Part 2 (Positional)

[coolboy007]

many need this alarm...

well as per my indicators where we bought I call it safe zone... even in case of gap down we get exit with minimum damage... unless DOW goes lower circuit...

Eh!!!!! Well what can we say of Dow the ever imp Yearly support level of 7400 will be broken today and all analysts haev started predicting 6600-6800 for Dow But as many say mkts move against mass expectations like in our mkts everyone was waiting for 3k to short and we didnt even reach that level

Lower circuit , are there even any Circuit filters for Dow , i dont think so.... I have seen it open 800-900 points Down in maybe Oct.

 

[Czar]

yes there are CB but forgot at what %

In any case I have protection for the longs... always use protection

+ dow has 2 days of performance for us to react....

 

[rajendrani]

Are we into the bump and run reveral pattern, Seniors discussion on this would help me to understand the pattern better.

Thanks to kiran for pointing out this,

More info at
http://stockcharts.com/school/doku....analysis:chart_patterns:bump_and_run_reversal

Regards,
rajendrani

 

[learn2trade08]

o' boi....
since we were discussing other indices,take a look at this one....and its allready down 5% today...thts one index which is ready to jump off a cliff ?

gn.

yes there are CB but forgot at what %

In any case I have protection for the longs... always use protection

+ dow has 2 days of performance for us to react....

 

[pkamalesh]

Rajendra...a small clarification neede....when you compare your chart and the chart of the company that uve provided, we see that in that chart the main TL was taken(Leadin) from where the bump is furthur taken....You taken the supporting Tl after the fall(and double top) which is what is contradicting from the company's chart...I dont know anything about this but just wanted to check this out.Interestingly even the company' s chart seems to have a double top...Would be great if u can add on to this info...

 

[rajendrani]

Rajendra...a small clarification neede....when you compare your chart and the chart of the company that uve provided, we see that in that chart the main TL was taken(Leadin) from where the bump is furthur taken....You taken the supporting Tl after the fall(and double top) which is what is contradicting from the company's chart...I dont know anything about this but just wanted to check this out.Interestingly even the company' s chart seems to have a double top...Would be great if u can add on to this info...

Well I dont know much about this, but was thinking if seniors could help more on this one, I just saw some pattern, thought of posting it and posted with a view to get more insight into it.
Thanks kammy for posting the above tl even that makes sense, but some more discussion and info would be appreciated. Thanks bro,

Regards,
rajendrani

 

[pkamalesh]

Well I dont know much about this, but was thinking if seniors could help more on this one, I just saw some pattern, thought of posting it and posted with a view to get more insight into it.
Thanks kammy for posting the above tl even that makes sense, but some more discussion and info would be appreciated. Thanks bro,

Regards,
rajendrani

yes rajendra..once the pattern has already occured it becomes more confusing like where do we draw the Tl and all..thats y asked coz i thought we need to take the degrees and angles...(as shown in that comp chart)...well nice finding raj..thanks for the info...cheerz

 

[kindman]

& if Nifty goes to 2000 ?

THE WORD "IF" HAS NO VALUE IN TRADING....

 

[pkamalesh]

Mannnn....US is really wierd...When you r confident and dont hedge ur shorts properly it doesnt fall...Now after heavy hedging its falling like .......... leave it

 

[prasadam]

THE WORD "IF" HAS NO VALUE IN TRADING....

then why the "if" in your post?

Nifty in clear bearish trend...
Buy march put of strike 2700 near 125 rs
sell march 2 put strike 2400 near 45 (butterfly without lower wing)

max loss = 35 rs
max profit = 265 rs (if nifty closes near 2400 in march)