Nifty Futures Trading

[Sunil]

one thing i realised today is that whenever u spot a dbl bottom/top, the difference between them in time scale (tick chart) signifies its strength..
the more the difference between these dbls in minutes, the better is their strength...

need more confirmations abt this, though

 

[rishig38]

Hi Kapil,

ur right..But that is for Intraday..I have decided to hold trades for long term...currently market is in an uptrend ..there will be corrections as weak hands have to get out..and without testing ur patience market will not giv u profits..I am holding long trade from yesterday..so its not the question of being biased its the question of being patient and having a right SL ..

OK, then do you see this uptrend just a part of the bear rally or a bull move?

 

[uasish]

but most of you didn't have kind words of encouragement for tina yesterday & on monday !!!???

Do you know her ?
There is never discouragement for any Trader,to admit frankly the ID (i have seen all type of IDs here in traderji & also in other forum),then her address to fellow traders as ......dahling........ bespeaks Chat Culture more than being a serious trader,however every one has their right to express (thatswhy i am expressing) & all are welcome.

 

[Sunil]

please dont take position acc to this, but i have heard/read that today SEBI may loosen some restrictions on FIIs/PNs...
bullish "khabbar"...
but if u long, and it does not turn out like that, it could be your "kabbar"..

i guess, buying 4700 call would be jsut right for less adventurous

 

[rishig38]

i am with u lalpar holding nifty of 36

for tom

renu
as i ahd posted nifty will show / confirm reversal today by closing in red/ green,,

seeing postion i think nifty may close in maginal gren,,,

letsee

But Nifty Spot would be closing in red (formation of a dark long candle)..and yesterday we for the last two days we had a dark cloud cover as well..which might suggest bearish reversal..any thoughts on this?

 

[pkapadia]

Agree with both of you, Kapil and Lalpar. Out of six trades today, four were positive (shorts) and two negative (longs). After brokerage, I made more than 1% on my transactions so no complaints. But you can see where I am getting the bearish moods from, today atleast.

Thank you all for keeping me wonderful company. Why I have not come here earlier only fate knows. See you tomorrow, or earlier

Paresh

 

[Czar]

bought 4535.8, stop 4499

sold 4549 as noticed nifty is being held in range & puts are being bought & calls being sold... cant take a chance...

 

[Sunil]

please dont take position acc to this, but i have heard/read that today SEBI may loosen some restrictions on FIIs/PNs...
bullish "khabbar"...
but if u long, and it does not turn out like that, it could be your "kabbar"..

i guess, buying 4700 call would be jsut right for less adventurous

i have bought 4700 call at 60

 

[rishig38]

sold 4549 as noticed nifty is being held in range & puts are being bought & calls being sold... cant take a chance...

im leaving my two shorts open, one at 4624 and another one at 4530..any suggestions? I think at the worst ill break even..

 

[pkapadia]

please dont take position acc to this, but i have heard/read that today SEBI may loosen some restrictions on FIIs/PNs...
bullish "khabbar"...
but if u long, and it does not turn out like that, it could be your "kabbar"..

i guess, buying 4700 call would be jsut right for less adventurous

Reuters reported this morning quoting a newspaper source that SEBI might allow FIIs more time in discharging derivative P-Notes as now they feel 18 months is not sufficient time. Personally I think it's balloney. As of Oct 07 there were $88B of p-notes with some 30% being derivative based (that's abt $27B). This yr from Jan to Jun FIIs have sold about $7B (quoting ASHameed). So what's the big deal in getting rid of the rest in the next yr or so that's left!

Big guys play big games. I will stick to charts and you guys for advice

Paresh