Nifty Futures Trading

[columbus]

For eg i want to know supports and resistances for intraday basis or at the end of the day for the next day. So u mean higher number more smoothness means less deviations and more accuracy. Can i use 50 SMA today was using it for the first time on NIFTY and it was working fine.

cool,

I am giving different DMAs for nifty as on today to make things a bit clearer.

1-Month DMA(22-DMA):4414
2-Month DMA(44-DMA):4315
3-Month DMA(66-DMA):4316
4-Month DMA(88-DMA):4474
5-Month DMA(110-DMA):4565

By choosing higher DMA the effect of old samples will be there.Shorter the DMA ,the effect of recent samples will be more pronounced.For trend line analysis better to have 100 or 200 DMA values.

Within the day also we can have SIMPLE AVERAGES for different periods 25,50 or 100 samples.Within the day I use 9-Exponential Moving Average.

 

[S S]

Within the day I use 9-Exponential Moving Average.

Does this have to do anything with the discussion on MMB years ago?

 

[columbus]

Does this have to do anything with the discussion on MMB years ago?

SS(Timamo),

Earlier I used to apply DMAs only. But for generating SIGNAL line I will stick to 9-EMA.

 

[columbus]

No Colombus not Timamo http://www.traderji.com/derivatives/23534-food-thought-2.html#post214312

Thanks for correcting me.I mistook him for 2 reasons.1.He shares the same initials as SS of timamo.2.He was referring to similar post ,which I used to post on MMB,where we used to exchange ideas quite regularly.

 

[learn2trade08]

dear sunil,
excellent u managed to catch the bottom today.Were these based on pivots as well.I was wondering how many people caught the 4440 bottom and just now stumbled upon your post....
Sincerely appreciate your time.

Key FUT supports:
4482 / 4465 / 4438 / 4425

Possible intraday swing trade, after gap down:
Buy arnd 4440, with stop below 4420

 

[nagendra_gb]

I hope Sunil we will get this 4440 today also.. do u think we can go long at that level..

 

[uasish]

dear sunil,
excellent u managed to catch the bottom today.Were these based on pivots as well.I was wondering how many people caught the 4440 bottom and just now stumbled upon your post....
Sincerely appreciate your time.

Yup,you are absolutely right.

 

[S S]

SS(Timamo),

Earlier I used to apply DMAs only. But for generating SIGNAL line I will stick to 9-EMA.

Mistaken Identity. I am NOT the Timamo you have addressed to. Sorry to disappoint you Czar also had the same question for me.

Cheers!

 

[renu daga]

asish da..

could u kindly post ur level os bull / bear hand

buy above 4502/
sell below 4480///
band area is 4470 we still are in safe zone but not much longer
supports,,4477/4461/4447/4439..i thn we will somewhere bounce form 4447to 4439 region

renu

 

[myvineet]

SGX ix right at support 4440