Nifty Futures Trading

[uasish]

There was a discussion in the Morn. whether to look at other charts than the one we are Trading with,i was not in favour but there are some situations when we look at Nifty Constituents like RIL / ONGC etc in (cash)to understand which Heavy Weight are actually in sync with Nifty (spot)'s direction & which are not in sync.
Here to-day we have 2 such example 1 is RIL in sync (2104.00 is it's LRekha) & Infy against Nifty (spot's direction) for Infy LRekha= 1748.00.

Many use these to hedge 1 against other.

 

[Flock]

SL moved to 47

 

[uasish]

See TCS ,LRekha= 862.00 in sync with Nifty ,Grasim (though tiny to Nifty's wt.) is from 9.56 Strong & steady.These information can give some cue for tomorrow also to trade those stocks.

 

[learn2trade08]

ashish sir,
you often mention of laxman rekha,are you talking of pivot points or is this an indicator...
thanks,would really help us understand the system.

See TCS ,LRekha= 862.00 in sync with Nifty ,Grasim (though tiny to Nifty's wt.) is from 9.56 Strong & steady.These information can give some cue for tomorrow also to trade those stocks.

 

[rishig38]

See TCS ,LRekha= 862.00 in sync with Nifty ,Grasim (though tiny to Nifty's wt.) is from 9.56 Strong & steady.These information can give some cue for tomorrow also to trade those stocks.

Asish, since both RIL and TCS's LRekha were breached, do you see Nifty opening with a gap down or further downtrend tomorrow?

 

[renu daga]

loc is an indiactor
renu

 

[rishig38]

loc is an indiactor
renu

Renu, what is LOC?

 

[renu daga]

line of control

renu

 

[Flock]

SL moved to 40

 

[uasish]

Both LR & LOC are indicator derived from Historical pivot / supp / res points of charts the Data History has to be Robust to become effective.