Nifty Futures Trading

[mitasatyajit]

Ya DA but draw sme line get set go kind

Mistake, mistake

jst drw sme lien, get set go

Great name of this method. I am realy ever thankful to her.

 

[Czar]

oops my bad, apologies...

 

[Sunil]

At least I am saved from high court and punishment. There are still 4 points left to go tomorrow, if cannot reach 4197 - fear remains unchanged.

u know da, i have noticed this thing for spot since long time...
if u wait for a particular level as per the TL, then sometimes u will get that level at open, but u wont be able to trade that level...
for eg, recently, we both were waiting for 4250 to enter long and it went till 4400 from there... but were we able to enter EXACTLY AT 4250 - no...
I just saw the LOD of 4248 (spot), and I knew i have to enter soon now; i had to enter at 4265 FUT (for positional)...

now, today's LOD is 4201; there's a possibility u may get to see your 4198/4199 spot tomorrow at open, but it will be only visible only at the "market watch" window, but now as a tradeable level in your chart...
Spot has such "invisible" openings many times, unlike FUT, as FUT is as per traded order, whereas SPOT is just an index/a barometer of 50 scrips.. one freak trade in any of its 50 scrips, and it's shown in its calculation as "open".

In short, I have learnt this by experience, not to wait for the exact level to appear on the chart in case of SPOT; give a margin/slippage of 5 pts to spot and open/close your trade accordingly.
My personal study perpective...

 

[mitasatyajit]

u know da, i have noticed this thing for spot since long time...
if u wait for a particular level as per the TL, then sometimes u will get that level at open, but u wont be able to trade that level...
for eg, recently, we both were waiting for 4250 to enter long and it went till 4400 from there... but were we able to enter EXACTLY AT 4250 - no...
I just saw the LOD of 4248 (spot), and I knew i have to enter soon now; i had to enter at 4265 FUT (for positional)...

now, today's LOD is 4201; there's a possibility u may get to see your 4198/4199 spot tomorrow at open, but it will be only visible only at the "market watch" window, but now as a tradeable level in your chart...
Spot has such "invisible" openings many times, unlike FUT, as FUT is as per traded order, whereas SPOT is just an index/a barometer of 50 scrips.. one freak trade in any of its 50 scrips, and it's shown in its calculation as "open".

In short, I have learnt this by experience, not to wait for the exact level to appear on the chart in case of SPOT; give a margin/slippage of 5 pts to spot and open/close your trade accordingly.
My personal study perpective...

Ur observation is very much usefull. Though we cannot trade, the record for the future TA will be 4197. My experience in trading also second ur openion.

Please come to part 2, I have asked something to Czar for positional trade. I request u also to opine over the matter.

 

[renu daga]

hi
tom,,,nifty may see 4186 levls in fut,,and the optimum run it can get is 4285
which is trend line upper range and res,,,and lower trend line suport is 4186...

as posted yesterday we ahve either break or make,,, above 4310/4315 something like that but could not avail those levels only..so the engulfing bear candle engulfed everything
as asish da posted 50% ret is comp at 4200 ,,but it seems it wont hold for too long and we will eb ready to see 4134 levels...in fut..

renu
( note ,i have comp all my sufficient attachment limit,,,now may be i wont be able to upload anythng here on this forum!!!if limit is not exceeded,,,or nay other way)

 

[renu daga]

MINIFTY 4332.63/4278.27/4244.63/4190.27/4156.63
R2 R1 trend S1 S2
taken value sfor sept series,,running in good premium

renu

 

[sunbim31]

Renu
Post ur charts at image shack, give the link here.See the thread at TJ how to do.
Sunando

 

[mitasatyajit]

hi
tom,,,nifty may see 4186 levls in fut,,and the optimum run it can get is 4285
which is trend line upper range and res,,,and lower trend line suport is 4186...

as posted yesterday we ahve either break or make,,, above 4310/4315 something like that but could not avail those levels only..so the engulfing bear candle engulfed everything
as asish da posted 50% ret is comp at 4200 ,,but it seems it wont hold for too long and we will eb ready to see 4134 levels...in fut..

renu
( note ,i have comp all my sufficient attachment limit,,,now may be i wont be able to upload anythng here on this forum!!!if limit is not exceeded,,,or nay other way)

Fantastic Renu, keep it up.

 

[Sunil]

renu, see if the method, as asuggested by Sunando sir, is comfy to you. Even i m gonna reach my limit soon; i was thinking of delelting my prev. old charts (FIFO), because they are not relevant now, after so much time has passed.

 

[uasish]

There can be absolute correlation for a Long period with Nifty Fut & other instrument/indices.That is why it is prudent to give more importance to the Price chart in hand .