Nifty Futures Trading

[terminator_123]

Price is moving up but volumes are low when compared with day start..
Murtaza, does it mean anything ?

 

[kalwarik]

looks like this upwards rally continue till 31 st march thensome correction
then consolidation

 

[MurAtt]

I suppose Volume will be low today as yesterday was Expiry.
Also bcoz of the weekend one wud not take positions overnight.

But more it is bcoz of the dying down of the euphoria and one waiting for the next cues.
Expiry around 3100 was like winning jackpot. The frenzy and excitement etc.
Next day one is much more sober and thinks mucho straighter .....

Monday would be a better indicator in terms of volume.

Just what I feel, I could be wrong ...

 

[MurAtt]

Sunil Sir,

What are your views on this one?

 

[pkamalesh]

Stoch Cross over(down) and RSI might try to go into the oversold state by the end of the day...Guess wel see the lows of the day before we closed keeping the weekend in view..

 

[terminator_123]

5-mins futures chart look like a cup with no handle

 

[terminator_123]

Europe opened negative...

 

[GokaSingh]

Yes support trend is still intact .. as long as the bottom line on the channel does not break ...

I bought 2900 Put at channel break @64 ... How to identify the target or where to put stoploss.. currrent price is 71

>> Sold at 72 ... as it touched to the previous low.
>> Now the lower channel act as resistance. Is this correct ?

 

[rsnarayanan]

Anybody could guess the level of nifty futures at the closing

 

[terminator_123]

Futures at +20 premium to spot !