Nifty Futures Trading

[kapil123]

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

Whether it is bear rally or bull move, the immediate question is that whether there has been topping out or not.. I would take no positions home today in view of the SEBI meeting.

Cheers,
Kapil

 

[Sunil]

it's actually a deja vu for me...regarding this 4580
last week, i had one put with 4580 spot as SL...
now, i want this 4580 to break...

let's see if i m lucky with options this time..

i m also buying 4400 put which is also at 60

so, i need a move of 150+ pts from current level in either direction to make profit

 

[lalpar]

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

czar,

How did u notice this?any volume indicator?please do let me know

 

[Czar]

Trendline is breached on closing basis

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[rajaram.dilipkumar]

Trendline is breached on closing basis

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czar but it happened yesterday in hourly .... that why not quiet sure why the market didnt fall more sharply today...

 

[rishig38]

Trendline is breached on closing basis

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Czar, could you elaborate on this?

 

[lalpar]

czar but it happened yesterday in hourly .... that why not quiet sure why the market didnt fall more sharply today...

Markets have its own way of behaving Sir..today 4530 to 4535 was the level I was looking for ..If that woud have broken then I would have gone short..But it never happened..Last 5 min chart indicates people have already got the new of SEBI Meeting and markets may move up tomo !!!!

 

[Czar]

yes Rishi, i know you are very bearish & this news suit you

the uptrend from the bottom you see the trendline its closed below the line today... does'nt mean anything confirmed but there's a threat to the uptrend...

 

[Czar]

czar but it happened yesterday in hourly .... that why not quiet sure why the market didnt fall more sharply today...

IMO when a trendline breaks it wait to test the lower line & still in few candles if able to continue weakness then it drops like a rock, there are exceptions, but usually this holds true...

 

[Sunil]

czar but it happened yesterday in hourly .... that why not quiet sure why the market didnt fall more sharply today...

maybe, it needed a confirmation on EOD basis..!!!

anywaz, can anyone post at what time is the SEBI meeting, and by when can we expect its decision...