Nifty Futures Trading

[Czar]

rising wedge 5 min ding dong ?

 

[uasish]

Asish da,
one confusion i have -
i have decided to take nifty futures chart analysis to along with spot (as u know me, since beginning i was only with spot - as i dont have any chartical software, I had to rely on intraday (5min) charts available on net, and generally I found only spot charts; just few weeks back, a co-member of this thread was kind enough to give me a link of a website which had futures intraday charts too)

Now, yesterday while I was analysing that chart, i found that it showed only Aug series, whereas now i'll be needing the previous day charts of Sept series - i m sure there wont be much difference in the two series' levels, but still....
I wanted to confirm with you about your (or any chartical software) - do they show a separate chart for sept series (last 5-10 days), or do they just continue from where Aug ended yesterday.
I did not face this situation with spot charts for obvious reasons, but how do i handle fut charts???

You may reply at any convenient time, after EOD...
(i would also appreciate any old hand's views on this)

In cotinuation with Aug no break.

 

[Sunil]

In cotinuation with Aug no break.

so, if u r viewing, 5min charts (for eg) today, on left side, all data will be of Aug futs (& not of sept even though, sept fut starts from 2months before - but one should ignore this as volumes were less in those 2 prev months)

so, one should have no problem with this...!!??

 

[learn2trade08]

took a short at 4348...stop at 56...
all the best!

 

[uasish]

Nifty Fut was bottoming out see attached chart,yesterday's EoD was not confirming.

However now feel this move to be an Impulse Wave.

My yesterday's (positional Long as posted on Czar's Thread was based on this,to day the EoD will confirm)

 

[uasish]

Even 4350.60 resistance surpassed.

 

[Czar]

Asishda I have noticed in this entire rally since 37xx levels, that the nifty hits a bottom & suddenly reverses with full force, no pullbacks, bottom formations, purely trapping the bears everytime, then after making a big move pull back a bit...

 

[uasish]

All characteristic of Impulse wave,see how it leaped to 4263.00 every Resistance is taken out.

 

[uasish]

Czar,

Becoz the classical Buy in Dips or Sell in Rally syndrome.

Asish

 

[cooltechnocrat]

took a short at 4348...stop at 56...
all the best!

Never go against the rising tide.. I learned that lesson hard way yesterday