Nifty Futures Trading Part 2 (Positional)

[rishig38]

strange, Nifty Spot at 4319 but premium increased on future to 23....hmm..interesting..future needs to breaks its days low...either way Lakshman Rekha of 4325 breached convincingly...downtrend confirmed...bears in full force...now future just needs to break its LOD...

 

[orderflow13]

any one here saw such low volumes on nifty before ?

 

[Czar]

yes & they will remain low, volumes will arrive near 4200 or 4500

 

[orderflow13]

very good point u made czar , it clears the picture now

 

[rishig38]

any one here saw such low volumes on nifty before ?

dont know about the volumes but a major move is abt to happen..more and more indication that we might go down faster...it could easily be -500 to -700 day..LOD on futures broken as well...Sunil's LRekha of 4315 broken convincingly as well...

 

[Czar]

I have learnt never to guess any major moves, go with each smaller move & act for the next small move

 

[mitasatyajit]

Thick maroon line is at 4310.xx.

 

[learn2trade08]

ok people....i think i am finally set...had a lot of issues with my data vendor for the past week....finally signed on to esignal who charged me 2$ for trial for one month,been trying out to figure out the symbols since morning...it works perfect...i am all set finally for daytrading after more than a week...
all the best!

 

[mitasatyajit]

Long from 4326 nf stop 4321 nf

 

[mitasatyajit]

Long from 4326 nf stop 4321 nf

Stopped 5 point loss