Nifty Futures Trading

[senty]

sideways is good....

Senty & TP, what does your 60min chart say about RSI...
has RSI made a new higher high above 35 in your case...
please don't take the trouble of posting chart during trade time...
i'll post my 60min chart after EOD

Sunil,

The RSI is still showing the +ve divergence and the RSI trendline is still not broken. And the thing to watch is that the RSI now stands at 35.43

 

[columbus]

Nifty futures turned DISCOUNT by more than 20 points on 3 occasions in last
3 months.Today,yesterday and 2-months back around the time when NIFTY
hit 2500+ levels.Any clues ,what next?

 

[Sunil]

those who are new to this forum may have read this running commentory for the first time..now open 1 min chart & read those lines again & again..try to catch the thought process going on at that time...

we are fortunate that we are getting that knowledge from asish da...

thanx da...

Did not notice when this Thread crossed 5 L in viewership,but still only 4 star.

Never taken no. of visitors at face value, as it counts even casual or one-time visit members too...

But, if we take tread rating as TRP and thread content as KING ,
then Da, YOUR WISH HAS BEEN FULFILLED...

Hoping that it's not a triple top in 5 stars... LOL

 

[myvineet]

Never taken no. of visitors at face value, as it counts even casual or one-time visit members too...

But, if we take tread rating as TRP and thread content as KING ,
then Da, YOUR WISH HAS BEEN FULFILLED...

Hoping that it's not a triple top in 5 stars... LOL

looks like failed brakedown to me ...

 

[Sunil]

Today we completed the first instance of "5 days of continuous negative closings" of 2009.
2008 began with this general rule being broken...
Let's see if tomorrow we see a closing in green...

some technical supporting actors:

1.

sideways is good....

Senty & TP, what does your 60min chart say about RSI...
has RSI made a new higher high above 35 in your case...
please don't take the trouble of posting chart during trade time...
i'll post my 60min chart after EOD

Bullish Divergence in 60min taking its own sweet time to come into play...


2.
SCO (Sameer's Composite Oscillator) is at 2.80 as at today's close....
Second consecutive day of sub-5 level!!!


3.
For EOD charts, I prefer RSI (5)
(5 days make a week)
It is at 20 today!!!


TIME RIPE FOR A BOUNCE
but what level???

hmm...
Hey guys... what's 50% of this 2250-3150...
right, 2700

and what's special about today's closing... Spot 2745..
well, learnt from satyamsit about his belief in 61.8% retracement...
2745 is 61.8% of 2500-3150...

these Fibonacci supports are invisible and not ALWAYS reliable...

still, I will look out for spot 2700 tomorrow

 

[columbus]

Today we completed the first instance of "5 days of continuous negative closings" of 2009.

Yes. Recently ,Nifty lost 7 days consecutively from nov11- nov20.

 

[Sunil]

good job till now...
first two bars of today's 60min chart are in green...

60min's RSI ki aatma ko shanti milli...!!!

now, main EOD's RSI's aatma's status
will be known obviously after 3pm
;-)

 

[Sunil]

key resistance at monday's IIP pappu peak of SPot 2828 / FUT 2820...
That time's 8 pts discount is now nearly 20pts...

I've learnt to respect spot more...
let's see spot 2828 or fut 2820 - which one is respected...

 

[myvineet]

market taking no que from RSI divergence today...

 

[Sunil]

yesssssss...
new HOD from fut 2797...

remember that red/green line (EMAs) i posted two days back....
today was a good gap up day