Nifty Futures Trading

[devangan123]

Some relief work going for nifty to ensure that it does not closes below 4000 on weekly basis , IT stocks are leading this effort , Cazar your Satyam has turned into positive

All relief work proven similar to our govt's relief work (i.e failed ) and Nifty finally dragged below 4000 on weekly basis , Now i remember post of Alex yesterday that 50 points premium means some danger Ahead .

 

[renu daga]

exactly,,devangan

renu
thnks alex

 

[renu daga]

dada,,
all supports are thrased away today!!

renu

 

[uasish]

Renu,

At dying Hrs a prior knowledge of Support @ 3984.50 may have given 13 points.I am least worried of Support thrashed but more concerned the one which is respected to so that it gives me some money in contra trend Buy.Nifty has to be there from 9.55 to 3.30 (now a days 4.15),thats all.
What can we do now a days other than Intraday.

Asish

 

[orderflow13]

All relief work proven similar to our govt's relief work (i.e failed ) and Nifty finally dragged below 4000 on weekly basis , Now i remember post of Alex yesterday that 50 points premium means some danger Ahead .

actually there is a math/ formula to calculate cost of carry ( for rollovers ) all thanks to parttimetrader,
also a fact remains that we enter in to this series with relative less shorts, and that means no short covering on lows and shear absence of potential buyers ( shorts on higher level ) can make market very weak on imp levels as 4000,4050.. rarely i hv seen reliance was tumbling on last 5 min. as it has a tendency to pull back a bit at days end as its a darling of intra day traders.
lets hope for best for everyones sake

 

[roameri]

Even if SEBI bans Short selling in Cash Mkt hope they don't do it in Futures.

Dear Friends:
(a) Is SEBI considering a ban on shortselling at all. I have not read about any such move as antipicated.
(b) In the U.S. too is the ban on shortselling also applicable to Futures?
Thanks,
j.

 

[columbus]

All relief work proven similar to our govt's relief work (i.e failed ) and Nifty finally dragged below 4000 on weekly basis , Now i remember post of Alex yesterday that 50 points premium means some danger Ahead .

As there is no positive news in offering except N-Deal, I think same trend will continue.

 

[rishig38]

As there is no positive news in offering except N-Deal, I think same trend will continue.

US govt. is trying very hard to pass the $700 billion bail out package before world markets resume trading tomorrow...If that bill goes through, get ready to see a gap up opening tomorrow which could be the start of a short uptrend before downtrend resumes again...

 

[MaxX]

Even if SEBI bans Short selling in Cash Mkt hope they don't do it in Futures.

One can't ban short selling in futures without stopping the futures market itself!

Futures are a zero sum game, that is for every long there is a short on the other side.

 

[Sunil]

The poor "DEAD CAT" wants and is expecting some "BOUNCE" today...

But, I can even see Mr. BEAR dancing & jumping

while, our Mr. BULL is still yawning away...

Warning to Mr. Cat - -

RSI as per:
5 min: 28
60 min: 18

Key Resistance levels:
4029 - Pivot for today
4060-65 - apparent stop for the LL LH DT
4080-85 - R1, 50HSMA
4100 / 4115 / 4132-35-39


Below 3980 (LOD of Friday),
3960
3950 (S1)
3890-3900 (S2)