Nifty Futures Trading

[Sunil]

now, a simple expiry fight for 2800 closing...
+/-20 points....
SPOT

interesting to note the widened discount in Feb Fut
at yest close, it was 7 points;
now = 17 points

hmm...
now 2818 is possible...
even if it slides down sharply, weighted average close would be in 2818 zone

 

[tinchu76]

tomorrow's equation is simple:

below 2800: growl
above 2870: ROAR

between 2800-2870: BORE

appreciate ur sense of humor

 

[sandeep.kala]

its all depend DOWBABA

ye kaun se baba hain

 

[ag_fx]

ye kaun se baba hain

Ye BABA humare camel ko khana khilata hai aur paani bhi pilata hai...AT TIMES.....the DOW JONES BABA!!!!

 

[sandeep.kala]

Ye BABA humare camel ko khana khilata hai aur paani bhi pilata hai...AT TIMES.....the DOW JONES BABA!!!!

But aaj hamare camel ko kya huwa jo baba ka diya khana nahi pacha paya

 

[Sunil]

call 2800 = 9
put 2800 = 8

will it close above 2800?

NOW

call 2800 = 26.00
put 2800 = 0.40

JAN DISC = 4
FEB DISC = 30!!!

if it is game of probabilityty, then tomorrow gap down open
but not trading for it this time

hmm...
now 2818 is possible...
even if it slides down sharply, weighted average close would be in 2818 zone

SPOT settled at 2824


i note down this running commentary every expiry so that a common trend/statistic is found...
like that with call & put options, one can know where's more money going into... and so which direction...
30 points discount USUALLY means a gap open of atleast 30 points....

in what direction?

tol mol ke bol

 

[Sunil]

But aaj hamare camel ko kya huwa jo baba ka diya khana nahi pacha paya

aaj hum dow baba ko paani peelayege....

DOW FUT already -104
even that is overbought in intraday charts

 

[praveen taneja]

SPOT settled at 2824


i note down this running commentary every expiry so that a common trend/statistic is found...
like that with call & put options, one can know where's more money going into... and so which direction...
30 points discount USUALLY means a gap open of atleast 30 points....

in what direction?

tol mol ke bol

chances of gap down are much as dow is dwn more then 100 point and all eu mkts trading at minimum 2% down but u know better then me sir

 

[tinchu76]

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!!!

Dear Sunil,

I really appreciate the time taken out by u to explain in such great details about the doubts I asked for (under post no18923 page no.1893). Many many thanks. Friendships all about sharing and caring. (some one said so) It has cleared most of my doubts about RSI.

Now the problem I was refereeing to was about the above chart posted by u. And I am posting the one on my computer.(though its not all that important after ur beautiful explanation but just to know where is something wrong)

The divergence pointed out by u does not appear at all in my charts so wondering where & what to correct?

Here is my chart.

 

[praveen taneja]

sorry sir didnot saw ur above post u post earlier then me