Nifty Futures Trading

Status
Not open for further replies.
2780 was important yesterday - support for initial couple hours, and resistance in the mid afternoon. Today as well, its providing good support so far. TBQs are exceeding TSQs, not only in NF and mini, but also in several sock futures (RIL, RCAP, BankNifty (but not SBIN), RelInfra among those I track). I wonder if bears have to worry.

Looking at US markets - SP500 has some room (~30 points) to fall before change in trend is indicated on hourly. Financials have lesser room (XLF currently at 8.61 and previous hourly PL at 8.00)

PS: As I type this - another attempt to break 2780
 

metushar

Well-Known Member
plz explain this,inside bar with chart
After EOD...

Yahoo charts started with 2 point difference on y axis, changed to 5 points and again reverted back to 2 points.........very closely bound market seems like somebody stuck in a small gunny bag and about to come out........


and again to 5 points......as i typed
 
Last edited:

columbus

Well-Known Member
After EOD...

Yahoo charts started with 2 point difference on y axis, changed to 5 points and again reverted back to 2 points.........very closely bound market seems like somebody stuck in a small gunny bag and about to come out........


and again to 5 points......as i typed
Generally Y-axis take value 1 then 2 then 5.Thereafter 10,20 and 50.
The value difference of 50 is rare and 10 is quite common.
Once it take a value of 5 then it won't revert back to 2.(Unless it is last few
minute chart only)
 
Status
Not open for further replies.

Similar threads