Nifty Futures Trading

[Sunil]

Just to summarise with round figures, this fight between 4300-4400 can be used for intraday swing trades by buying on dips with stop below 4250, and selling on rallies with stop above 4450.

next week is EXpiry week...
and the fight between 4300-4400 continues...

I feel atleast no harm will be done to this intermediate uptrend (HH HL formation with prev HL being spot 4160) next (expiry) week...

though, no one can deny that a big body blow to this intermediate uptrend had been delivered yesterday (& today too) when it closed convincingly below spot 4400 (prev closings were 4431,4393,4368,4416,4284 and today's 4327)

Positionally, I have a net neutral holding on nifty)

 

[Sunil]

next week is EXpiry week...
and the fight between 4300-4400 continues...

I feel atleast no harm will be done to this intermediate uptrend (HH HL formation with prev HL being spot 4160) next (expiry) week...

though, no one can deny that a big body blow to this intermediate uptrend had been delivered yesterday (& today too) when it closed convincingly below spot 4400 (prev closings were 4431,4393,4368,4416,4284 and today's 4327)

Positionally, I have a net neutral holding on nifty)

why was 4400 key?

earlier, when correction began from 4540 on 27 july, it met with support at 4160, which was 50% ret support. of 3800-4540...
this time when it began correction from 4650, the 50% ret support of 4160-4650 expected to hold was 4400. But, this time it failed. That's why, though intermediate uptrend (HH HL formation) is still on the prev HL 4160 still holds, it has recd. this big body blow by closing below 4400 convincingly.

Now, for the entire rally 3800-4650, 50% fib ret support comes at ard 4200. So, any convincing close below 4200 breaks the intermediate uptrend, and the ongoing long term downtrend will get more fillip by testing 4000 & 3800...

 

[Sunil]

on parting note for week...
happy "randhan/thadri" day to my gujarati & sindhi brothers & friends...

enjoy your theyplaas & lolaas....

 

[Czar]

well that buying could also be profit booking by 4400 call writers near 4250-4300 support

Oh Its call writer booking profit, as must have sold at 44/45/4600 levels,

max oi in 4000 put sept...

hmm...

so whats randhan/thadri

 

[harri101]

good day all.............anybody know which company provides live data feed for nifty\sensex 'advance decline issues'............thanx

 

[chandra_mohan7519]

hi,
iam a new trader and new to this site. Most of the topics i dont understand can u help me in learning the both

 

[TFL]

Could you please advise on this readers?

See the thread: http://www.traderji.com/beginners-guide/23630-real-life-analysis-guide-nifty-trading.html

Thanks,
Hari

 

[vvvv]

Dear Friends,

I have been reading views on Nifty on this Website for quite a long time now.

Over the long term it is the macro environment of the economy and corporate
numbers that drive up or down the markets. Nifty, after rallying over 850 points
, from a low of 3795 to a high of to a 4658 is now retracing. If Nifty level of
4285 is held, then we can expect a move back to 4700 and may be higher also.

I feel if someone is medium to long term investor one should buy any fall for next
3 - 6 months as I feel after 3 months people on street will end up saying wish we
could bought around 4250 levels. I feel do not go on Nifty levels on daily basis.,
rather build good portfolio. Support and Resistance are all man created levels so
my advise is to buy Stocks & do not see Nifty on daily basis as most of bad news
is built in the markets.

Regds,
Vipin

boss,
u wish to write all this rubbish in a thread created by ashishda & other people using to earn their living.stop writing abt economy & all this stuff.
identify those stocks u talk abt & give their entry,exits,stoploss levels.
since uve mentioned the time too . also provide their approx targets with a
R/R ratio too.
it is useless talking abt environments & all the nonsense like cnbc fools.
talk reality & talk sense & bring sum realism into ur posts especially in a thread like this..or else it wud be better if u start a seperate thread of ur own & post ur macro & micro views abt the indian growth story & economy
& its effects on the markets in the medium to long term

 

[mitasatyajit]

Dear Friends,

I have been reading views on Nifty on this Website for quite a long time now.

Over the long term it is the macro environment of the economy and corporate
numbers that drive up or down the markets. Nifty, after rallying over 850 points
, from a low of 3795 to a high of to a 4658 is now retracing. If Nifty level of
4285 is held, then we can expect a move back to 4700 and may be higher also.

I feel if someone is medium to long term investor one should buy any fall for next
3 - 6 months as I feel after 3 months people on street will end up saying wish we
could bought around 4250 levels. I feel do not go on Nifty levels on daily basis.,
rather build good portfolio. Support and Resistance are all man created levels so
my advise is to buy Stocks & do not see Nifty on daily basis as most of bad news
is built in the markets.

Regds,
Vipin

May also be ..... months people on street will end up saying wish we
could sold around 4250 levels

Please start a new thread, discuss the possibilities after ..... months view. Here all are interested after 3 min to 30 min view.

 

[TFL]

Dear Friends,

I have been reading views on Nifty on this Website for quite a long time now.

Over the long term it is the macro environment of the economy and corporate
numbers that drive up or down the markets. Nifty, after rallying over 850 points
, from a low of 3795 to a high of to a 4658 is now retracing. If Nifty level of
4285 is held, then we can expect a move back to 4700 and may be higher also.

I feel if someone is medium to long term investor one should buy any fall for next
3 - 6 months as I feel after 3 months people on street will end up saying wish we
could bought around 4250 levels. I feel do not go on Nifty levels on daily basis.,
rather build good portfolio. Support and Resistance are all man created levels so
my advise is to buy Stocks & do not see Nifty on daily basis as most of bad news
is built in the markets.

Regds,
Vipin

Dear Vipin ,

He is duplicating the same post many times else where in the forum too (listed the link so far at the end.)

http://www.traderji.com/beginners-guide/23630-real-life-analysis-guide-nifty-trading.html#post208671
http://www.traderji.com/derivatives/18953-nifty-futures-trading-1216.html#post208679
http://www.traderji.com/derivatives/18953-nifty-futures-trading-1216.html#post208669
http://www.traderji.com/equities/23188-nifty-trades-ahoy-27.html#post208673

[Viewers please report this post for spam.]

Regards,
Hari.