Nifty Futures Trading

[rajuwaste]

Nifty Spot High 3079.8
NF High 2092

 

[kalwarik]

off topic:
Singapore cut its economic outlook for 2009 after reporting a worse-than-expected fourth quarter performance as manufacturing contracted

NF 3086+ wow

 

[Sunil]

out last 1/4th at 3090...
no need for greed for 10pts more...

thanks dhanno

 

[Sunil]

the height of the base (fut levels) = 3063-3023 = 40pts
BO point = 3047

then, ideally (though not confirmed) 3047+40 = 3087
done...

will google more on sym triangle over weekend

 

[TrendPlayer]

the height of the base (fut levels) = 3063-3023 = 40pts
BO point = 3047

then, ideally (though not confirmed) 3047+40 = 3087
done...

will google more on sym triangle over weekend

Sunil: I take it same but when it reaches the apex of triangle then i personally treat it as simple TL as often after that it doesnt meet targets (exceeds/ shrinks)..my observation..

anyone pls suggest?

 

[Sunil]

Sunil: I take it same but when it reaches the apex of triangle then i personally treat it as simple TL as often after that it doesnt meet targets (exceeds/ shrinks)..my observation..

anyone pls suggest?

You are right bout that
sym. triangles are very tricky... they are known to give false BOs more often...
luckily (maybe coz of new year), it was NEAT today...



anywaz, logging off now...
bit exhausted...
gotta enjoy last weekend with my 5yr old son, before vacation ends / school re-starts on Monday

hope to see an animated "GIRAFFE" today in Madagascar -2 !!!

 

[kalwarik]

lagta hain sunilbhai ko thirsty GIRAFFE milega

 

[praveen taneja]

Breaking news: Rbi cuts repo rate by 100 bps, reverse repo rate by 100 bps, crr by 50 bps.

 

[nagendra_gb]

thats good news sir but how much it is factored in markets already ? we are up almost 200 points ?????

 

[praveen taneja]

thats good news sir but how much it is factored in markets already ? we are up almost 200 points ?????

mkt already discounted this news
buy on rumour sell on news is basic of this mkt