Nifty Futures Trading

[nagendra_gb]

is there anything happening over this week end any news or some thing why nifty holding so strongly

 

[learn2trade08]

alli can see of now is a bearish enguling on weekly/spot.
u.k in a recession(offcially)

is there anything happening over this week end any news or some thing why nifty holding so strongly

 

[rishig38]

alli can see of now is a bearish enguling on weekly/spot.
u.k in a recession(offcially)

dow futures on gci trading around 7880 now..and S&P around 803 now....looks like we've got room to slide

now only, if we could break 786 on the S&P in the next few weeks..(hopefully next week)..just imagine

 

[nagendra_gb]

If dow closes in negligeble losses today and also on monday i will square off all my shorts and will go long .. because usually this type of valatality we can see only during trend reversals.. yesterday night also Dow went down by 270 points and bounced very fast and at one popint was about to become freen. Lets see today and monday are very crucial.

 

[MurAtt]

Attached find the EOD Nifty Spot chart.

A horizontal formation in the offing with the base at 2512 levels. We should be reaching that at least once. If we find support then next is 2850 again else a downmove of another 400 odd points and more ...

 

[Sunil]

Initial upmove above Spot 2690, after which the pattern should target atleast 2710-2715. Key resistance at 2730.
Mines set at every 20 points interval....

Corresponding FUT kevels are 2670 - 2690/95 - 2710

Bullish divergence's effect (as highlighted in above 5 min chart) should complete its effect today with gap up open.
(60min chart is also seeing an initial attempt of such bullish divergence)....
5min RSI at close was 60...
Let's see how the day pans out; I will take cues from 5min RSI and slow stochs, also available here

Bringing back the math:-
20DSMA & 50DSMA are slowly heading closer for a bearish cross-over. Their previous resulting bearish cross-overs effects have been highlighted here.

Key Fibonacci retracement levels for Spot 2870-2660 are:
38% = 2740 (ALSO, system-indicator's SAR level / 2 day swing high)
50% = 2765 (ALSO, freak trade's freak value as quoted above)
62% = 2790 (ALSO, 3 Day swing high)

Cool, how come these simple mathematical formulae's results mostly tend to COINCIDE with actual chartical levels!!!

 

[Sunil]

join the pivot lows in 5min chart for a rough idea about today's RBI policy meet expectations....
and also the HH HL pattern for pullbacks & negations

 

[milind]

Seems that RBI decided to leave rates unchanged. So the drop.

 

[Sunil]

last matador - SPOT 2766

 

[rishig38]

last matador - SPOT 2766

and then?