Nifty Futures Trading

[Sunil]

Sunil,
Did you notice any trading happening SGX Nifty so far? I see bids @ 2920 and offer @ 2973 after nearly 3 hours, i guess no trades so far. will be interesting to see how it's going to be in today's trading here

FIIs, who generally trade in SGX nifty, are still in holiday mood...
maybe another dull session till 2pm

 

[coolboy007]

FIIs, who generally trade in SGX nifty, are still in holiday mood...
maybe another dull session till 2pm

Maybe SGX is closed today. Its showing 0 volumes. Hmm dull session awaiting as you said. Maybe action in last hour if Europe is open today.

 

[Sunil]

(looking only at RSI)

the 10:00 to 11:00 hourly bar seems will NOT be in RED....
more chances of gap up or an initial upmove towards SPOT 2950.

even if there is a gap down, it will result in a bounce from SPOT 2894-2900 levels.

obviously, only RSI cannot guarantee upmove.... let's see at open TBQs & TSQs

as at close, RSI:
60min chart = 5 (!!!!!)
5min chart = 46 ( )

If SPOT opens down & kisses 2850, then I am a willing buyer over there(not as a scalper, but for swing moves)...

my small punt long paid off... bought near SPOT 2900 on wed

 

[Sunil]

well, u r comparing SPOT's settlement price wih Jan Fut's Last Traded Price (which is actually 2943 and not 2947)....
The settled price of Jan Fut may be around 2931... 14pts premium to Spot..
this much premium is normal on an expiry day. It may get reduced to 8-10pts when we have a gap open (up or down) on friday...

Rishi, Jan Nifty Fut settled at 2939.55, around 23 points in premium to SPOT....
gap open is sure of atleast 30-35 points - that's what i have experienced from around 10 settlement days I have seen in my life..

not that important from trading pt of view, but prem is now comfy around 10pts

 

[Sunil]

Asish Da & Arnav,

I am not fully sure yet, but with today's HOD in FUT, it really seems that Jan Fut follows its own course, which it did as Fut -2M during December....

as I mentioned, I follow SPOT charts during such crossover days to avoid confusion, and the corresponding HOD of Wed SPOT 2962 is being met with FUT level of 2973 (Dec FUT HOD was 2964, while Jan FUT HOD was around 2974 on Wed)

check out HODs till now in both SPOT & FUT....

need more such instances, though by EOD today


THE MAIN ISSUE IS TO WHOSE CHARTICAL LEVELS SHOULD BE GIVEN MORE RESPECT - DEC FUT OR JAN FUT?
as of now, Jan Fut seems to be the answer (as Fut -2M in Dec)

 

[TrendPlayer]

Seems the morning gap down window of 24th Dec (Jan NF : 2974-2985) is giving R

NF high 2987 is not visible on intraday chart of 24th Dec..seems some punched rate

 

[Sunil]

(looking only at RSI)

the 10:00 to 11:00 hourly bar seems will NOT be in RED....
more chances of gap up or an initial upmove towards SPOT 2950.

obviously, only RSI cannot guarantee upmove.... let's see at open TBQs & TSQs

as at close, RSI:
60min chart = 5 (!!!!!)
5min chart = 46 ( )
.

so far, so good...
as per what charts & RSI suggested

 

[myvineet]

if anybody is irritated by tight range of nifty , he can try MAYTAS INFRA....

 

[Sunil]

oh man, just have a look at TBQ TSQ difference (in 7 figures) in favour of TSQs

 

[Sunil]

LOL
now diff is in 6figs & in favour of TBQs...

forget it...