Nifty Futures Trading

[uasish]

2 A/C is all you need.

 

[Sunil]

i read about this in some newspapers, but sometimes I do believe that there's such thing known as INDEX MANAGEMENT (Spot) done by "smart money" for their arbitrage trades...

these HIGH & LOW values of spot sometimes tell a lot abt the way ahead...

like after seeing today's HOD of spot 4303 (coinciding with 50DMA + 20DMA), i had posted that this indicates profit-booking day...

even on last thursday, GAP down stopped exactly at 3800 spot... again, a nick that we are looking at possible dbl bottom in daily, weekly & maybe monthly charts (still few days left for sept end, though, for confirming dbl bottom in monthly chart)

And I am very glad that our famous "Line Baba" in Part -2 also relies on SPOT levels more.
;-)

 

[renu daga]

exactly sunil
i toatlly agree with u

in weekly,,, no mater any low clsoing below 3940,,si drastic ,,, mnd it!!!

renu

 

[roameri]

We PONDER much sitting in side line,we on last Thursday around 1.30 pm could Sense the Reversal & took Long positions accordingly (though we missed the 10 % Rise in less then 10 Hrs ,but could CATCH some thing).

Plz stop Thinking & Brooding,Mkt gives Lots of oppurtunities,forget FII,India has few Crores Demat A/C sitting with Cash.

Chart is our GPRS Navigation Guide.

Dear Friends:
No brooding intended because the markets can go down.
A daytrader should target profits on the way up and on the way down.
Few crores in demat a/cs are more for long term investors. Anyone can say that in 24 months we shall have a 30% rise. But the day trader has to recknon for tomorrow.
Today's (22nd.) Sept Nifty was in the range 4218-4285, very choppy. However it indicated better bdays for bears.
So now as a daytrader its great to feel that tomorrow (23rd.) the Sept Nifty will open with a gap down of 75 or even if it opens at 4218, it will very likely stoop to kiss 4100.
The 3800-4200 range will be back with us.
Happy shortselling,
Regards,
j.

 

[columbus]

Dear Friends:
No brooding intended because the markets can go down.
A daytrader should target profits on the way up and on the way down.
Few crores in demat a/cs are more for long term investors. Anyone can say that in 24 months we shall have a 30% rise. But the day trader has to recknon for tomorrow.
Today's (22nd.) Sept Nifty was in the range 4218-4285, very choppy. However it indicated better bdays for bears.
So now as a daytrader its great to feel that tomorrow (23rd.) the Sept Nifty will open with a gap down of 75 or even if it opens at 4218, it will very likely stoop to kiss 4100.
The 3800-4200 range will be back with us.
Happy shortselling,
Regards,
j.

To be frank the -ve sentiment prevailing in the markets is not fully CAPTURED by the today's index .

 

[uasish]

Dear Friends:
No brooding intended because the markets can go down.
A daytrader should target profits on the way up and on the way down.
Few crores in demat a/cs are more for long term investors. Anyone can say that in 24 months we shall have a 30% rise. But the day trader has to recknon for tomorrow.
Today's (22nd.) Sept Nifty was in the range 4218-4285, very choppy. However it indicated better bdays for bears.
So now as a daytrader its great to feel that tomorrow (23rd.) the Sept Nifty will open with a gap down of 75 or even if it opens at 4218, it will very likely stoop to kiss 4100.
The 3800-4200 range will be back with us.
Happy shortselling,
Regards,
j.

Agreed,infact due to many telephone calls of friends & relatives in weekend has urged me to post the above mssg.Which i should not have posted in a Day Trading Thread.You are right that a DayTader should not look beyound his DAY,in that sense i should not have posted that mssg,you are also right who can correctly PREDICT Mkt.
Atleast i can't.Will decide about to-morrow at 10.05 am ONLY.
Bychance if you have gone through my earlier EoD charts(posted here),where the Fib level of 4327.00 was drawn ,hence to-day a Resistance at that Level was expected .

 

[roameri]

Agreed,infact due to many telephone calls of friends & relatives in weekend has urged me to post the above mssg.Which i should not have posted in a Day Trading Thread.You are right that a DayTader should not look beyound his DAY,in that sense i should not have posted that mssg,you are also right who can correctly PREDICT Mkt.
Atleast i can't.Will decide about to-morrow at 10.05 am ONLY.
Bychance if you have gone through my earlier EoD charts(posted here),where the Fib level of 4327.00 was drawn ,hence to-day a Resistance at that Level was expected .

Dear Friends:
( For Sept NIFTY FUTIDX) The Fib level of 4327.00 to-day (22nd) as Resistance appears close to my simpler calc of the same at 4330. By considering the rise on Fri (19th.) this appeared okay.
For tomorrow (23rd.) my simple calc shows a Resistance of 4355. But in view of todays negative market breadth and lower volumes 4355 may not be touched.
Below 4260 may be for shorts.
You will decide about to-morrow at 10.05 am ONLY and I shall decide at 10.10 am and only after it goes below 4260.
Good-night.
j.

 

[milind]

SGX down 50 points to 4170. Thats not too bad in light of 3.5-4% cut on the wall-street. Commodities have moved up during past week, and off course a freak spike in crude last night. There is a gap yet to be filled which will need a visit to sub-4100 at least.

-- Milind

 

[Sunil]

NIFTY SEPT FUT DAILY:

(unfilled gap at FUT 4371-4397)

NIFTY FUTURE LEVELS FOR TODAY'S TRADING

4260 is the Pivot level for today. Strength above this level.

LODs of yesterday & Friday are 4216 & 4143

Below 4216, we have 4190 / 4179-73 / 4155 - 4147

S1 = 4193
S2 = 4150

So, in this 4155-47 band, we have Friday's LOD + S2 support + 20HSMA

Hourly charts coming out from over-bought zone, but still RSI = 70
But, 5 min charts are nearing over-sold with RSI = 30

SO, IDEALLY TWO WAY MOVEMENT IS EXPECTED...

Below Friday's LOD (FUT 4143 / SPOT 4133), it turns more bearish, and we may have a gap-filling exercise between 4100 & 4073. (50HSMA = 4120) IF THE PREV. TRIPLE TOP OF 4100 DOES NOT HOLD

Watch out if there are more TBQs after gap down open, and round figure support of 4150 (spot / fut) for initial bounce

 

[lalpar]

Hi Sunil,,

I had a chat with sameer..the author of the sco which is indicator inthe link u provided...He is a great buddy!!