Nifty Futures Trading

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

We all are paper-trading here,specially Saint,he has the habit of making the free calls to the Indians for following him whenever he gets bored by treating the patients.He closes calls in losses when the impatient patients start shouting for not attending them.He is very generous,u see,no advisory charges also.

lol


Saint

 

[skarpio]

Re: Time to Stick my Neck Out ,Nifty 7300

Renu,

Indicators Can Indicate Oversold, But Then It Can Get Even More Oversold From There.....

The Thing To Look For In Such Situations Are Market Sentiments.

Just As Stocks Never Trade At Their Fair Value, It Is Either, Way Below or Way Above Their Fair Value Therefore The Same Happens With Index All The Time.

Regards

SavantGarde

Interesting thing that you've mentioned. Is there a thread that you/others have elaborated on this (i.e. Equity Fair Value) already? I'll start off with wikipedia (here) in the meantime.

 

[skarpio]

Re: Time to Stick my Neck Out ,Nifty 7300

A dumb question: when you say you've placed a SL do you mean a SL Limit buy(sell) or a SL market buy(sell)?

And another one: do our brokers implement as efficiently as possible, the nuances of stop loss limit/market orders?

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

tonight will be the best night to rob Saint and Uasish home.....

lol


Saint

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

nifty 60 enc...

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

lol


Saint

saint when will you sleep...

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Right.The key line is if we can make money going with the trend,then no need to go against it.But still,to be an occassional bear in bull market is a profitable ploy,with the agility of a chita to reverse the trade when proved wrong.

Yep.....

When we get price way extended to the down and we get a buy signal...why not capitalise on that move?But tend to always go in with half or one third the usual quantity,and tighten stop losses faster than usual,coz basically the trade is against the 60min trend.

Saint

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

saint when will you sleep...

.....soon,my friend,soon!

Saint

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

.....soon,my friend,soon!

Saint

we need u fresh to guide us tomorrow ..........
also enc. nifty daily in followup with nifty 60

 

[Saint]

Re: Time to Stick my Neck Out ,Nifty 7300

Some nice charts,Rajaram......

Have a look at the NF WEEKLY CHARTS.

Draw the trendlines on the weekly charts from the start of the bull run till date........we've had 3 touches in May 2004,2006 and now......both in 2004 and 2006 formed higher pivot lows and went on to make newer highs.

Could we be doing the same again?Is this fall going to form higher pivot lows and blast!?Probably,Likely......As of now,we are still in a Primary Bull Market in a Secular Bull Run......but the intermediate and short term downtrend is still very much down,and we therefore trade accordingly.

When that intermed trend starts to give signals that we are resuming the uptrend,time for some position trades as well to capitalise on that big move up.......As of now the magic number is when NF crosses 5368.

Saint

ps:Sorry,no charts.......feeling a bit lazy!