Nifty Futures Trading

[pkapadia]

4000 & 4200 puts seeing heavy buying, what the heck is the rally kaput ?

'kaput' means OVER. 'rally is kaput' meaning 'rally is over'. More of an American slangy term although it has some foreign language connection.

Paresh

 

[mitasatyajit]

Untill Ashisda is online, bears are not breaking 4399.

 

[Sunil]

i think that vedic-astrloger (not an INDIAN) got his geography a bit wrong - Pakistan is up 2%, coz musharraf is resigning...

 

[Czar]

i think that vedic-astrloger (not an INDIAN) got his geography a bit wrong - Pakistan is up 2%, coz musharraf is resigning...

good one

 

[Sunil]

Untill Ashisda is online, bears are not breaking 4399.

bears know about the upcoming support at 4380-70 levels...,

 

[Sunil]

i m expecting this short term downtrend taking a breather (or may even turn up) this week...
some good technical/chartical strong supports are nearby (as mentioned in early morning's post)...

but there are some more non-technical reasons:
1. Generally, Tuesday is the trend-changing day for the week ahead
2. If today & tomorrow nifty closes in red, then it will result in continuous 5 days of red closings. History says that nifty has rarely been in red for more than 5 continuous days... (actually, not many know that NIFTY is actually a woman... )

 

[rishig38]

i m expecting this short term downtrend taking a breather (or may even turn up) this week...
some good technical/chartical strong supports are nearby (as mentioned in early morning's post)...

but there are some more non-technical reasons:
1. Generally, Tuesday is the trend-changing day for the week ahead
2. If today & tomorrow nifty closes in red, then it will result in continuous 5 days of red closings. History says that nifty has rarely been in red for more than 5 continuous days... (actually, not many know that NIFTY is actually a woman... )

You might be right on Nifty not closing in Red for more than 5 continous days but that doesnt mean that day 6 or 7 will be days with significant upward movements..we could still see a temporary halt in the downtrend (and not a up move) and then the downward fall could resume as well..

 

[mitasatyajit]

I think we can now break 4399 fut (Ashisda), but as per sunil we have to wait for some time. Then 4350 (spot) hault will come.

 

[learn2trade08]

dear sunil,
i am not as experienced as most of you nor am i perfect in reading charts,but something tells me we cannot afford to close below 4400.....
we have less than 10 trading sessions for expiryand gone up quite a bit this month,profit booking might start once we close below 4400(i,e if we close below 4400)
thanks

i m expecting this short term downtrend taking a breather (or may even turn up) this week...
some good technical/chartical strong supports are nearby (as mentioned in early morning's post)...

but there are some more non-technical reasons:
1. Generally, Tuesday is the trend-changing day for the week ahead
2. If today & tomorrow nifty closes in red, then it will result in continuous 5 days of red closings. History says that nifty has rarely been in red for more than 5 continuous days... (actually, not many know that NIFTY is actually a woman... )

 

[mitasatyajit]

I think we can now break 4399 fut (Ashisda), but as per sunil we have to wait for some time. Then 4350 (spot) hault will come.

Not as per TL, 10 min Elliot