Nifty Futures Trading

[coolboy007]

here cb...
all the best,but carefull with puts....

L2T
Thanks for showing me the bearish divergence
I traded Puts because of Weekly charts in RIL with a Strict SL of 1355+5=1360. Here is the file.

 

[metushar]

L2T
I have taken a Put just now in RIL PA1230 keeping in mind Weekly resistance at 1340 levels and overbought conditions. Can you tell me where you saw Bearish divergence after EOD. Is it for Intra only or for Positional trades too.

Hi everybody,

I am very new to the trading world, have learned a lot through the posts of all you guys, also following Sunil's pivot and swing based mechanical trading thread. Its wonderful to see so much of discussion and getting enriched day by day. This is my first post. And I am posting a 60 min 3 month chart - till 28th Jan of reliance which i think shows a double bottom, I am just learning so kindly ignore if I have made a blunder. In case, its correct than the above put can be dangerous for you CB.

Could anybody advice me about from where to take a professional charting service (with corresponding costs involved) which can give me live intra day charts of stocks and nifty futures, there is no free source available , i have been following Nifty only through this thread and along the nifty.blogspot.com.

Somebody posted about the initial 9:55 to 10:40 am low/high of nifty and trade above and below those low and high with corresponding High/Low as stop loss, it seems really interesting, last 4-5 days charts looking good by that strategy, is there any detailed thread about the same?


Thanx all for the lessons given on this thread.

 

[rajaram.dilipkumar]

NIFTY futures levels to watch next week ......... we have a upward slanting inv h & s on the hourly but nifty is yet to break the neckline.

 

[myvineet]

RD..the right shoulder looks crosses the head height...is it still valid then ?

regards

vineet

 

[TrendPlayer]

offtopic...Have a look at NTPC daily chart

 

[columbus]

Hi everybody,

I am very new to the trading world, have learned a lot through the posts of all you guys, also following Sunil's pivot and swing based mechanical trading thread. Its wonderful to see so much of discussion and getting enriched day by day. This is my first post. And I am posting a 60 min 3 month chart - till 28th Jan of reliance which i think shows a double bottom, I am just learning so kindly ignore if I have made a blunder. In case, its correct than the above put can be dangerous for you CB.

Could anybody advice me about from where to take a professional charting service (with corresponding costs involved) which can give me live intra day charts of stocks and nifty futures, there is no free source available , i have been following Nifty only through this thread and along the nifty.blogspot.com.

Somebody posted about the initial 9:55 to 10:40 am low/high of nifty and trade above and below those low and high with corresponding High/Low as stop loss, it seems really interesting, last 4-5 days charts looking good by that strategy, is there any detailed thread about the same?


Thanx all for the lessons given on this thread.

Hi metushar,

Most of the online brokerage houses give CHARTING module along with
TRADING module.

 

[coolboy007]

offtopic...Have a look at NTPC daily chart

Dear trend player ,

Can you post the chart of NTPC daily. I see its a Inv H&S but am having problems drawing TLs for neckline resistances. Am new to this field. If you have time , do post. It can give a good opportunity.

 

[pkamalesh]

Dear trend player ,

Can you post the chart of NTPC daily. I see its a Inv H&S but am having problems drawing TLs for neckline resistances. Am new to this field. If you have time , do post. It can give a good opportunity.

HI CB..long time...wassup

 

[coolboy007]

HI CB..long time...wassup

Nothing bro , just studying for exams these days. TP told about NTPC chart so i asked him if he has made one

 

[rajaram.dilipkumar]

RD..the right shoulder looks crosses the head height...is it still valid then ?

regards

vineet

yes vineet , an upward sloping inverted h & s neckline break is more bullish than a horizontal neckline break as the stock/index has already made a HH-HL on the charts before the neckline is taken out.... also a downward sloping h & s neckline break is more bearish than a normal one as the stock/index has already made a LH-LL on the charts before the neckline is taken out.