Nifty Futures Trading

[renu daga]

gap filled!!!
now we can determine the trend form here

renu

 

[renu daga]

not close near.... it should close come down excatly at that point!!
and in fut ,,reference we can get mnay gaps,,
gaps hsould excatly be refred in cash!!

renu

 

[renu daga]

actaully in fut gap was at 48

renu

 

[Smart_trade]

one clarification required about these gap-closings, renu...

ok, as per EOD chart, gap is considered closed when it touches the relevant high (in case of a gap up, for eg, like today it just did)

but, in an intraday chart like 5min, the gap will be considered closed when it touches the CLOSE before the gap open, na???
in such charts, gaps will be visible unless goes near the CLOSE value...like, in today's case, it should be considered CLOSED when it touches 4530 spot & 4547 FUT???

In intraday charts you will get gaps very rarely.Also why should the gap closing critaria be different ? In intraday charts also in case of gap up,when low of the subsequent bar touches high of the highest bar before the gap up the gap is said to have been closed.

Best wishes,

 

[renu daga]

4524 cash nifty

refrerr to the chart if required posted in my thread..traders diary

renu

 

[renu daga]

in eod we are in sell....from ..70 levls,
so let see we finally egt trend line support or not

renu
though intradya,,,5/1/10 oversold,, but 60 min is on trend line support

 

[rishig38]

even if support holds today but tomorrow is another bearish day (long black candle) which would take nifty spot below 4480, then we would be again in a severe downtrend which could take us all the way to ~3700 levels..

 

[renu daga]

we shall finally support this med rally atv 4480/4470 zone where again tug of war shall be ,,,seen

renu
now pull back till 70 zone

 

[renu daga]

wow tina,,
what a comment!!

so many brothers..sorry i dont ahve so much money to buy such costly rakhis,,...rest all are invited to give me presents,,,according to my standard which i su know very high....so pls welcome to my place...and note down ,, with presents...

renu

 

[renu daga]

perfect long form 4550..

renu