Nifty Futures Trading

[Sunil]

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1797.html#post263185

continuing the discussion, just for love of statistics:

Total 8 instances of Continuous 5 Days of negative closings in 2008.
Out of that, 1 instance had a mismatch between SPOT & FUT

Out of remaining 7 instances, only 1 time we have seen 6th also being in negative (that 1 was during Jan 08 meltdown after Rel Power IPO )

So, we have seen 6 times out of 7 instances, where the following 6th trading day closes in GREEN. Pretty logical reason behind such general rule.
(Today was 1st such instance of 2009)

Now, what usually happens on 7th day... Picture is not that clear & not logical...
well, out of 6 above-mentioned instances in 2008, 2 times, we have seen 7th day also end in positive.
Remaining 4 instances have proved to be just a mere break in downtrend, and 7th day closes in negative.

Let's see what tomorrow has in store for Nifty.



PS: This is mere statistical information... one may trade on it, if one knows the risk:reward involved.

 

[TrendPlayer]

1. 6th day & 1st instance of 2009 given respect.

2. 60min timeframe came back with vengeance today - only 1 bar in red for today. Can quote its RSI value after 6pm only (perhaps Senty or TP can help)

3. SCO at today's close is 61.70 !!!




it looks more like a bulls-trap to me.... from depths of oversold in higher TFs to heights of over-bought in lower TFs now.
Initiated small qty shorts at close using options - stop is nearby;

Sunil: attached is the 60 min chart with RSI at 49 with last traded price.
(NF adjusted shd be around 2810)

Regarding the blog with EMAs..in case you used it today, can you share what all trades were initiated other than first dip which was a great entry..thx

 

[Sunil]

Regarding the blog with EMAs..in case you used it today, can you share what all trades were initiated other than first dip which was a great entry..thx

Only one trade was possible today, as per what I had mentioned here on Monday - that 1st kiss one, around 11:15am.

Rest, one may trade as per his understanding & stop...
(I had mentioned what is the main purpose of that chart, as told by its author.... but I trade it differently & in opposite direction, and that too, on its first test AFTER GAP OPEN)
Also, we don't have such gap open days everyday.

 

[ag_fx]

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1797.html#post263185

continuing the discussion, just for love of statistics:

Total 8 instances of Continuous 5 Days of negative closings in 2008.
Out of that, 1 instance had a mismatch between SPOT & FUT

Out of remaining 7 instances, only 1 time we have seen 6th also being in negative (that 1 was during Jan 08 meltdown after Rel Power IPO )

So, we have seen 6 times out of 7 instances, where the following 6th trading day closes in GREEN. Pretty logical reason behind such general rule.
(Today was 1st such instance of 2009)

Now, what usually happens on 7th day... Picture is not that clear & not logical...
well, out of 6 above-mentioned instances in 2008, 2 times, we have seen 7th day also end in positive.
Remaining 4 instances have proved to be just a mere break in downtrend, and 7th day closes in negative.

Let's see what tomorrow has in store for Nifty.



PS: This is mere statistical information... one may trade on it, if one knows the risk:reward involved.

Mismatch of spot and Fut means what? If I am understanding it correctly, does that mean that SPot closed in Red while Fut in Green?Or vice versa?

Also, on 11,12,14,15,16,17 Nov 2008, Nifty closed in Red.WHich means the 6th day closed in Red, apart from the one in Jan. Am I missing anything here?

 

[senty]

Sunil: just checked that blog..its NS..so that kiss/ dip to green line was long trade with SL at black?

TP, which blog r u speaking about?

 

[TrendPlayer]

TP, which blog r u speaking about?

Senty: http://nsetracker.blogspot.com/

 

[columbus]

Trading Nifty futures is not an easy task. It requires patience and knowledge to trade it. It is risky same as forex market.

Smith,

What your are trying to tell ?? Repeating the message again and again.

 

[MurAtt]

I was just checking out a few stock charts today. EOD, Spot.
In most of them like SBI, RIL, Suzlon, TISCO, Nifty etc, Slow Stoch show a crossover below 20. RSI moving up from around 30 levels to 40-ish levels.
What can one infer from this? Are we in for a super move on the Nifty?

Murtaza

 

[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
;-)

http://www.traderji.com/derivatives/18953-nifty-futures-trading-1863.html#post267117

1. 6th day & 1st instance of 2009 given respect.

2. 60min timeframe came back with vengeance today - only 1 bar in red for today. Can quote its RSI value after 6pm only (perhaps Senty or TP can help)

3. SCO at today's close is 61.70 !!!

it looks more like a bulls-trap to me.... from depths of oversold in higher TFs to heights of over-bought in lower TFs now.
Initiated small qty shorts at close using options - stop is nearby;

here's the latest 60min chart - the SOLE reason for yesterday's bounce.

Now see the divergence in its RSI & the cross-over in slow stochs!!!


Even in the last minutes of trade, one could see vast difference between spot's movement (from 2830 to 2850), and FUT's movement (from 2820 to only 2825)
5 points vis-a-vis 20 points - with discount in future not reducing at all - still 23 points!!!

Yesterday's LOD spot 2780 / FUT 2760, which held at OPEN and also at mid-day, are crucial level to watch out for.
Spot 2770 is also 61.8% ret of 2720 to 2853. (a pappu rally)

Below Spot 2780, we have 2750 & Tuesday's LOD 2720.

So, action likely between 2770 & 2720.

 

[kalwarik]

kya opeing hain chappar phad ke