Nifty Futures Trading

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oye coolboy007...
is today Valentine's day???

check out CNBC TV18 NOW

(only for coolboy)
Valentines day toh nahi aaj sardi khasi day hai , not well so off frm school:)
Shukria Shukria Shukria:D Aww saw after a long time , kya baat hai.

BTW , i initiated short in ICICI at 390 with SL 404 , H&S neckline resistance:D to make some bucks for 14feb.
 
Sunil,

Please Ref. Post 18877 posted by u y/day where in u hv posted chart of nifty spot pointing out bullish diversions. It shows on 23rd jan RSI well below levels on 30 around 1pm. Where on my charts it made all time low of 31.73 around 1.40pm (34 around 1.00pm). So just need to confirm that in spite of all software’s having same formulae of RSI why there is difference??(I recollect u pointing out this research long long back)

Point No:2 Since u r doctorate in RSI. I need to share ur experience in diversions (+ve or –ve) Are diversions fruitful only in oversold or overbought zones or of some use too in no mans land?

Which price field u r choosing for RSI (OHLC)

Do u change time period for RSI for various time frame?

Hope u vl not feel frustrated with these (silly) questions.

Regards/Rohit
 

Sunil

Well-Known Member
Sunil,

Please Ref. Post 18877 posted by u y/day where in u hv posted chart of nifty spot pointing out bullish diversions. It shows on 23rd jan RSI well below levels on 30 around 1pm. Where on my charts it made all time low of 31.73 around 1.40pm (34 around 1.00pm). So just need to confirm that in spite of all softwares having same formulae of RSI why there is difference??(I recollect u pointing out this research long long back)

Point No:2 Since u r doctorate in RSI. I need to share ur experience in diversions (+ve or ve) Are diversions fruitful only in oversold or overbought zones or of some use too in no mans land?

Which price field u r choosing for RSI (OHLC)

Do u change time period for RSI for various time frame?

Hope u vl not feel frustrated with these (silly) questions.

Regards/Rohit
not at all silly, rohit...

after EOD, please
 

Sunil

Well-Known Member
remember that ed-green lines EMAs
yesterday, that black line never broke at all (even after spike down coz of RBI)

today it is also being held....

(though today is not that sort of gap open day)
consider that black line as some sort of pivot level)
 
time to bring on 5min charts for trailing stops with pivot highs

i'll also keep an eye on 1min RSI for any bullish divergence....
u never know - DOW BABA effect can also come into play
DOW FUT +128 now
Is Dow baba fut even trading today???:confused: From last 1 hour its jammed at +125 which was yesterdays After hours trading level.
 

Sunil

Well-Known Member
arey Trendplayer, u r logged in..
TP in my last post meant timepass - "global darshan"

don't worry,
these "boring" sessions happen during last week of expiry...
and generally +/- 20-25 points of a round figure...

i had never imagined that it would be 2800 and not 2700....
:-(

STAYING NEUTRAL IS ALSO CONSIDERED TO BE A GOOD STRATEGY

i m sitting on this "averaged" short trade since yesterday 3:20pm
have covered half at 85...
but if it goes above trail stop of 2800, then i would just breakeven...
and for all this, stuck since morning
MAYBE, A PERSONAL RECORD FOR MY INTRADAY TRADES - LONGEST DURATION EVER

never seen such a lousy test of any virgin spot/fut xx00 levels
 
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