Nifty Futures Trading

[myvineet]

yes..respecting yest HOD ...

 

[Sunil]

Hi,
For inside bar can we consider previous days 3-3:30 bar and todays first 5 min bar,
This would be interesting because of Important reference points like Previous close,Todays open,5 min break out(ORR) etc,
Thanks,
Raju.

If that question was for me regarding that IB in 60min general rule, then the answer lies in your question itself.
I want the IB (of 60min duration) to be formed after a bar which should also be of 60min duration.

5min & 30min duration bars in a 60min chart are considered loose change by me.. and COMPLETELY IGNORED with respect to IB rule

 

[Sunil]

yes..respecting yest HOD ...

yup yup.... i missed the entire upmove only for this to come...

today's gapdown meant an invisble downmove from 3138 to 3110...
so, 1st time respect/salute was warranted

vice versa now for this 3110

 

[MINITRADER99]

WHO WILL BELL THE CAT (ie the bull)

I wanted to know how far can this rally sustain? Where's the next meaningful resistance? What's does the W I D E screen view tell me?

Here's the Daily chart of last five years. I went to MS Paint, and started marking out super-key RSR levels.

I was surprised to find this sequence:
2200
2600

3200
3600

4200
4600

5200
5600

ie x200 & x600 are appearing in a sequence.
with a sole exception of 3800 which is actually a 50% FIB level - right at centre.

Thank you very much for this valuable input. Such guidance from seniors help us a lot in reading the charts. Sunil Sir, Really I am indebted to you in chart reading and your technical analysis. Learning to trade with your guidance.

 

[Sunil]

too early as of now (as requires more time consolidation),
but another rectangle attempt is seen combining yesterday's intraday charts
FUT 3136-3110

 

[Sunil]

Thank you very much for this valuable input. Such guidance from seniors help us a lot in reading the charts.

We are all here for learning, sharing & earning...
This process will continue as long as the capital market exists...

 

[Sunil]

double bottom at 3114 range... needs to break 3130 for some meaning


CORRECTION:
if we consider opening bounce, then we have a triple bottom in 3114-12 range

typical feature of a rectangle, as needed

too early as of now (as requires more time consolidation),
but another rectangle attempt is seen combining yesterday's intraday charts
FUT 3136-3110

 

[kalwarik]

WILL 2 pm syndrome strikes again today?

 

[myvineet]

Trading with Nifty Futures is risky what i have experienced from it. I had been trading this market and use to trade nifty. However, very few times I could make profitable trades. Most of the times I have faced losses.

jeff . i can understand ur feeling but i don't think anyone here unaware of risk involve ..

thanx for sharing ur thought but plz don't repeat them everyday..

 

[Sunil]

I am hearing bulls calling RSI:

Rascal Stupid Idiot

!!!