Nifty Futures Trading

[renu daga]

since we all can visualise that mkt will open gap up tom,,,
i assume mkt to open either at 4496..or at 4560 fut,,

lets see my levls get excatly hit or not,,,(in testing mode)

renu
we have te gap of 2sep at 4510 levls which will eb surely filled
the band are for tom mornning is 4390..which will be surely changed on gap up...and then that gap,,,will be again filled up,,,worst part!!

 

[orderflow13]

Alex:
What about Mon. 08/09/2008 ?
Is it movies or is it moves ?
These two boards - " Nifty Futures Trading " and "Nifty Futures Trading Part 2 (Positional) are too much to follow.
Which one is appropriate for intraday ?
Thanks,
j.

hi
i usually posts on both threads,and my thread random thoughts on ta,as on my thread we discuss more deeply why this and that, and on those two threads i post charts and let them decide wt they think. all this for no one miss out of any information.

p.s. on Monday there will be countdown for a opening of Hollywood's/Washington's big budget movie " US presidential elections " and i intend to watch that movie through my trading window

 

[orderflow13]

 

[Sunil]

Here's a chart of Nifty's 100DMA levels...

seems like quite a "pain in ,,,," for nifty; once broken, it's seems to be very difficult to regain/go above it...

The relevant 100 day simple moving average for today is around 4550. So, closing ABOVE 4550 would break the jinx.
Global markets seem to rejoice the bailout of Fannie & Freddie by US govt (imagine, here if for eg, HDFC is taken over by Govt. & it becomes a PSU - that wont be a "rejoicing" thing here)

Anyway, as of now:
Asian markets are around 4% up
SGX nifty is +200 pts (arnd 4%)
Dow Jones is +250 pts

 

[Sunil]

The key resistance levels (SPOT) to look forward to before 4600/4650:

4480 - as mentioned in prev post, this is the stop for the mini downtrend (LL LH) which we had since peak of last tuesday. Spot 4480 is the relevant LH, breaking of which will negate this LL LH attempt. FUT = 4494

4520-30 - Sort of a triple top formed in this band.
Date HOD
14/8 - 4530
2/9 - 4522
4/9 - 4515

4550 - the relevant 100DMA for today.

4580


I hope all these levels are not gobbled at open, so that some decent entry level can be taken by intraday traders.

The FUT levels: 4494 / 4538-44 / 4568 / 4589 / 4620

 

[roameri]

hi
i usually posts on both threads,and my thread random thoughts on ta,as on my thread we discuss more deeply why this and that, and on those two threads i post charts and let them decide wt they think. all this for no one miss out of any information.

p.s. on Monday there will be countdown for a opening of Hollywood's/Washington's big budget movie " US presidential elections " and i intend to watch that movie through my trading window

Well, I held over NIFTY long @ 4378 at C on the 5th. as I had some field work and could not square up for the day as I usually do.
Should I get out @ 4394 or so or wish for a 4441?
Thanks,
j.

 

[Sunil]

SPOT facing resistance at 100DMA...
interesting...

 

[renu daga]

since we all can visualise that mkt will open gap up tom,,,
i assume mkt to open either at 4496..or at 4560 fut,,

lets see my levls get excatly hit or not,,,(in testing mode)

renu
we have te gap of 2sep at 4510 levls which will eb surely filled
the band are for tom mornning is 4390..which will be surely changed on gap up...and then that gap,,,will be again filled up,,,worst part!!

good,, mkt exactly opened at 4565,,,hit one of my two levls,,,and i ahve shorted there

renu

 

[Sunil]

fortune favours the brave, renu..
even i had highlighted 4568 FUT / 100DMA spot...

look out for 4500 spot support as part-booking...

 

[renu daga]

covered at 34

renu