Nifty Futures Trading Part 2 (Positional)

[columbus]

Hi !

This is SBI's monthly chart i am posting to get a bit more hint on nifty's movement in the time to come. i have chosen SBI because it's a nifty heavyweight and i have seen all biggies monthly chart's and this one is showing me just what i can recognize. those who think sbi's movement will not at all be correlated to movement of nifty, ignore it


Yellow circle is where the maximum participation took place in 04-05. red ticks are the bearish formations that are yet to be played. Price must come to 500 to decide what it wants to do next. timing is difficult.

hi tape & czar,

In last one month SBI never crossed 1200/- mark.It had a range around 1040~1200.

 

[columbus]

Hi !

SBI because it's a nifty heavyweight and i have seen all biggies monthly chart's and this one is showing me just what i can recognize. those who think sbi's movement will not at all be correlated to movement of nifty, ignore it

It is always good to respect SIR (Sbi,Icicibank,Reliance).

 

[mahesh2007]

Descending triangle in SBI.

 

[pkamalesh]

Mahesh, dint und the chart....what values were 7.6 and all???? mixed up or they some other valuues?? confused.....plzzz look into it sir.

 

[mahesh2007]

Mahesh, dint und the chart....what values were 7.6 and all???? mixed up or they some other valuues?? confused.....plzzz look into it sir.

oops!
wrong chart was posted.
Now corrected.

Thanks for bringing it into my notice.

regards

 

[dumdum20008]

Hi,

Hehe-- Mahashivratri---Hope God shiva be happy on their "Gans-Bhakt"( Bears) tonight and make Dow-- Down and Out.
For our bears a gift of hovering resistences. Crossing 2786, throw the possibility of gap filling, but worms are already waiting there.

[ sorry bulls, go to God Kuber and find support]

 

[learn2trade08]

man,just when the bears thought we had it....looks like dow is set to turn around from o/s territory...
czar,waiting for more insights for your long initiation...
dow strong support at 7120-30 region and time for a small short covering rally.

 

[kiranb]

Small Head and shoulders is broken its neckline with good volumes, now the 2800 is the resistance for nifty. Retest of the neckline is also done in the same day. 2670 may act as support coz of the big h & S neckline support and last trading day's low may act as small support/resistance.

This is big H & S patten. If 2670 is taken out with big volumes in the down side we may see further down move in nifty for the target around 2000.

kiran

 

[kiranb]

Example for Bump and run(Up trend) in nifty :

In the uptrend we can see the trend line which is nicely followed and suddenly we had an up move which is called bump( with good volumes).and the angle is more then 50 degrees. and then nifty didn't much above the previous peak or pivot and then it broke the support TL to down side(here raising wedge is also formed when it is broken on the downside fall started). From there the down move started in nifty.

here in the above example i considered the small down move from the Tl as error to show how big and important was that trend line. if we do not consider that as an error then also the example still survives as bump and run case in my view. Can see in the below link.

http://img15.imageshack.us/img15/3553/bumprunuptrendwoerror.png

 

[Czar]

man,just when the bears thought we had it....looks like dow is set to turn around from o/s territory...
czar,waiting for more insights for your long initiation...
dow strong support at 7120-30 region and time for a small short covering rally.

Man I told you if 2850 hits then ask Kya yaar

Tomorrow Nifty Gap down of 50-70 points

will you stop littering your posts all over the forum to complete 50 posts for each ID's ? have'nt you been insulted enuf by everyone or you have no self respect ?