Nifty Futures Trading

[terminator_123]

Yeah in 1 min..looks like

Broken on the upside... (this is a continuation pattern)

 

[praveen taneja]

puts are not falling and mkt rising amazing something fishy there it seems

 

[MurAtt]

More of a upward sloping channel ...

3210ish is the upper TL.

 

[MurAtt]

Yes something fishy here sounds very true as RSI has been falling since an hour now, Stoch crossover but mkt holding.

I must be sounding very repetitive now but that's what is happening ...

The best thing is to wait n watch and then take a trade on bo/bd or whatever ...

 

[pkamalesh]

Yes murtaza bhai...with u...see the -ve divergence..and a rising wedge..looks fishy..

 

[metushar]

RSI negative divergence is not a trustable thing as per Sunil........Murtaza, plz to tell if u had some positive history trading it.....

 

[metushar]

my Gaad....something serious here, nifty at 3185 Put 3000 was at 46-47, now Nifty at 3213 and the same put is 45-46 ? No bloody change....

 

[pkamalesh]

my Gaad....something serious here, nifty at 3185 Put 3000 was at 46-47, now Nifty at 3213 and the same put is 45-46 ? No bloody change....

And Puts are also not falling as well !!!

 

[MurAtt]

Metushar,

Yes RSI div does affect the mkt, maybe not much in terms of huge moves, but mkt tends to follow somewhat.

Based somewhat on that, as well as Stoch, TL breaks or major Resis/Supp points we take a trade not based ONLY ON RSI DIV, nopes, never.

Yes, put values not changing is funny too ... as everyone is feeling, something weird is going on ... either the put value will suddenly diminish or we have a big fall coming our way.

I am holding on to 1 3000 put bot when Nifty was at 3050 levels and 1 3200 put bot when Nifty was 3194.

 

[MurAtt]

There bounced from TL again ....
Bollinger's condensing/squeezing ...

PK, PT, MT, Terminator ....

If we take this channel and treat it as a flag (its become too long to call it a flag now but nevertheless),
say it has a BO then what tgt would one be looking at. If we BD then what tgt?