Nifty Futures Trading

[learn2trade08]

milind,
fear or technicals???
word on street is goldman coming out with really bad results monday night....most asian markets closed when we were flattish....my brother had called me today morning houstonites are evacuating,hurricane is heading to gulfcoast,last time we had one ram into houston and lousiana entire oil rigs were messed up for more than a week...looks like ike going to cause some flutter among oil's fundamentals.....

And this hemorrhage happens on a day when global markets are not really bad - US, Europe and much of Asia are up, US futures flatish, oil under $100. Moreover IIP numbers better than expected. Fear just takes over.

 

[milind]

milind,
fear or technicals???

They are connected...Technicals are based on psychology after all!

 

[learn2trade08]

please dont get me wrong,i didnt mean to offend you....i was just relieved to get out of the terminal,ithe volatility had got my nerves pretty much entire day....
my fault shall talk less.

They are connected...Technicals are based on psychology after all!

 

[rajaram.dilipkumar]

nifty forming slanting h&s pattern,curious if this is valid?........CZAR.....where are you,anyone confirm please,volumes biding through the norms of h&s/////
thanlks
i am still a learner hence this is me asking for guidance,even after market hours is appreciated.

not only in daily , also in hourly ..... at one point in hourly it cracked the neckline(and filled the gap aswell) and that why it had a good run down.... dont know on adjustments how it will look like....also dont bother abt volumes for a h and s top break.

 

[learn2trade08]

Dear rajaram'sir and all boarders,By sharing your experience/observations you are really helping us avoid future mistakes and take right decisions.
Sincerely appreciate your time.

not only in daily , also in hourly ..... at one point in hourly it cracked the neckline(and filled the gap aswell) and that why it had a good run down.... dont know on adjustments how it will look like....also dont bother abt volumes for a h and s top break.

 

[roameri]

big fight is going on folks as anticipated, investors get long , traders dont trade for long as infy,ril broken out of shape

Dear All:
There is a strong "Feel Bad" vector globally.
The Indo-US Nuclear deal is a question mark?
With the Mamta factor land acquisitions for large CAPEXs are going to be troublesome.
Sept.15 people have less liquidity as it is Advance Tax.
FD interst rates are rising.
Buying ??????
Selling !!!!!!!!
Techincals or no technicals sentiment rules.
R we going to see mid-July and SPOT at 3790?
Keep short selling and hope for the worst.
j,

 

[praveen taneja]

Dear All:
There is a strong "Feel Bad" vector globally.
The Indo-US Nuclear deal is a question mark?
With the Mamta factor land acquisitions for large CAPEXs are going to be troublesome.
Sept.15 people have less liquidity as it is Advance Tax.
FD interst rates are rising.
Buying ??????
Selling !!!!!!!!
Techincals or no technicals sentiment rules.
R we going to see mid-July and SPOT at 3790?
Keep short selling and hope for the worst.
j,

wat a frieghtening view bro for the people who are long.............

 

[renu daga]

asish da,,,

pls check this can kindly comment on this ,,, which u never give..( comment not good,,, something to find fault,,,, i need some critics,, in it to improve it)

below is teh chart on 60 min,,,
white circle shows,,,,start fo correction

blue is current positin,, waitng more south jorney
green circle short pos started,,,

histogram is still bearish..i think 4170 levls..near about that,,or 4130..getting confused with eod / intraday fig,,, but something near that
renu

 

[uasish]

Renu,

The indicators are Good,giving you timely warning,better to avoid many of same CLASS.
The Direction ; Stop ; Entry if these 3 are OK the Exit can be trailed,better not to bother more on how to get accurate Tgts,becoz many a times Mkt will outguess us eventually.It seems you have already a treasure of Good indicators.

Asish

 

[uasish]

This post is just to remind my friends here that

Last week bar low (nifty near month contract) is at 4275. This week high is 4564, which is greater than last week high of 4544. We have already broken the low of last week earlier today. I have not checked the latest rate. But if we close below 4275, we shall have outside downbar reversal in weekly chart. This week high will make a lower pivot top when compared to last pivot high in weekly chart. Nifty longs beware of that. Last thing we want in weekly chart is break of weekly pivot low, which is at 4208.
Hope this helps

You where right,it has become a Bearish Engulphing in candel stick terms.