Nifty Futures Trading

[metushar]

Hi all, Could anybody help me which charting service to take in which i can see real time charts with different time frames, I have reliance money account which has very low brokerage but no charting service. I want to do intraday trading as I have learnt the threshold level(at least i assume that) and want to put the learnings from this thread to some use......Kindly send me a 'kifayti' charting service which can fulfill the needs of a starter.
You can send a PM so as to avoid posting on the thread.

Thanks.
TJ.

 

[columbus]

i was just trying my hand with 2 stocks (based on the mechanical intraday trading thread by Dhiraj)....
after so many months of sticking with ONLY nifty, I am finding it very hard (mentally) to trade stocks....
The method is fool-proof, but I cannot seem to remove "I" from the whole setup...

I had switched from stocks to Nifty 10 months ago, but I am finding it very tough to switch back to stocks...
A sense of "predictability" associated with Nifty seems to be missing in stocks - maybe my weakness - I can't concentrate both on Nifty & stocks at the same time. Though I can manage various methods to trade Nifty - flow, mechanical, pivot, RSI, RSR, etc

Was feeling a bit frustrated coz of this......
I request the regular members of this thread how they manage intraday trading - how many scrips do you focus on at same time for intraday trading.

Please share your views AFTER EOD.

Once we are accoustomed to the kind od volatility associated with
NIFTY FUTURES it is very difficult to switch back to SHARES.

 

[columbus]

RETURN of "GIRAFFE".

 

[GokaSingh]

How to look at open interest ...
e.g. 2900 PE OI change for today is 12,63,950.
So look at sellers or buyers for the trend ?

 

[Sunil]

RETURN of "GIRAFFE".

after 4 weeks of :

finally,

but heart says:
tujh mein bear dikhta hain,
yaara main kya karoon;

sajde sar tera jhukta hain,
yaara tu kya karein...!!!

 

[TrendPlayer]

2800pe oi 76L

 

[dhinakar113]

Once we are accoustomed to the kind od volatility associated with
NIFTY FUTURES it is very difficult to switch back to SHARES.

Hi Columbus,

True. I agree with you that once you have traded NF regularly for some time, you will not have the urge to see other scrips. After all we need to ride some volatility (vehicle) for gaining in trading and NF is the best as per my experience. My 2 cents.

Regards

 

[Sunil]

Initial weakness below Spot 2914 / Fut 2904
Break of Spot 2897 / Fut 2885 (also the classical pivot for today) invites a retest of BO-RSR zone..... this retest is also warranted by higher timeframe charts.

Yesterday's HOD coincided with earlier occasion's (satyam news) HOD - Spot 2929.
A logical target, in case of further uptrend, is 2950 & 2965 (as per Fibonacci retracement).
I doubt if we can see 3000 so soon with 60min chart in such a state.
(even a brief consolidation till BO-RSR level would cool off overbought condition).

 

[Sunil]

BTW, is this correct???:

Interim Rail budget on 13-Feb
Interim General Budget on 16-Feb

Last year, 2008's first 20DSMA + 50DSMA bearish crossover happened a month before budget time....
this time too, 2009's first bearish crossover has happened....
hoping that this event breaks the deadlock

this is confirmed....

 

[metushar]

what is happening RSI above 80, Slow stochastic touching 90 and market still going up, Can these indicators lie in unison??