Nifty Futures Trading

[Sunil]

sirji kal kya hoga?
61% of Retracement is around 2998

Sirji, i m not an astrolger...
About tomorrow, I just know that it's 31-dec-08.

I can only analyse/pre-empt nifty's reaction at a particular level on its first attempt, and trade accordingly...

take 2900 as a pivot between 3000 & 2800 in simple words, and trade it accordingly...

 

[Sunil]

adjustment closing should be above prev. swing highs & 50% ret. ie Spot 2962
so, short term trend turns UP...

tomorrow, we have to watch for SPOT 2925 / FUT 2928's support (today's BO level)...
let's see if 2008 can CLOSE with 30xx level.

 

[kalwarik]

bhai astrologers r ppls who makes wrong prediction again n again
u r predictions are always acurate

 

[TrendPlayer]

Tomorrows close will also decide UC/LC limit for next qtr as well

 

[TrendPlayer]

i think we may also have a POSITIVE CROSSOVER of 20 & 50DSMAs today...

yea by 6 pts after many months (20DSMA-2892, 50DSMA-2886)

 

[Sunil]

bhai astrologers r ppls who makes wrong prediction again n again
u r predictions are always acurate

nothing great in that...
just be dedicated in your work & chart-reading... keep checking your analysis on screen-based trading for around 10-15 weeks...

then, you will realise that there's a very thin border line between analysing & then "expecting" & "predicting"...


Everyone has to go through rigors of training, as is required by any profession.
Even I had gone through a "phase" where I was entering trades very late (after much movement), and while others were booking profits, I was left cursing myself & my trade...
(this happens once in a while even now)

I have some more negatives to be "weeded" out - I get very impatient with profits, and book them out quickly as a scalper; rather than waiting & trailing.. (i m still trying to have a balance - but this means, having more lots - & i don't wanna rely on mini nifty often)
I have a big problem with carrying trades over-night... (have to rely on Options for this)
Still a kid in terms of experience; but slowly growing up

 

[Sunil]

yea by 6 pts after many months (20DSMA-2892, 50DSMA-2886)

hmm... then BULLS WILL HAVE TO BE AWARE OF THIS POSSIBILITY

 

[TrendPlayer]

Sunil: Seems again levels difference

Even i checked the 20DSMA by adding last 20 days adjusted NS close and dividing by 20..charts shows same..where is punga then?

 

[TrendPlayer]

How many more messages i need to post to get my thanks button enabled..any1 pls?

 

[terminator_123]

How many more messages i need to post to get my thanks button enabled..any1 pls?

Just sixteen more and you can thank the whole forum[]