Nifty Futures Trading

[terminator_123]

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.

RSI came down so its setup for new highs or upside now...
put price might be high because there is huge demand for them... or no one is willing to write them due to higher volatality (todays vix shd increase I guess)

 

[pkamalesh]

There bounced from TL again ....

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?

yes the FLAG looks too long now..If still we consider the BD/BO of the flag ..Length of the pole is approx 90 points..so Bo or BD from these levels should be those 90 points Target...

 

[pkamalesh]

Double post...

 

[terminator_123]

There bounced from TL again ....

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?

At this point it doesn't look like any pattern!
I'm away from my charts so cant draw a fib... if you can draw the retracement from the 2550 levels , it might give an idea about upside.. if you assume it breaks down, draw the fib from current level...

 

[MurAtt]

Had got this from another group - If we consider 6552 as high and 2500 as low, the minimum retracement being 38.1% should bring us to somewhere around 3600-3700 levels.

 

[metushar]

Overall the level has become so much tentative tht I cant bring myself to go long despite there are definite chances of having a breakout from this 2600-3250 range, 3461 as 200 EMA is reachable..........just selling stocks bought previously booking profits......... Ne advice for the novice....

 

[terminator_123]

Overall the level has become so much tentative tht I cant bring myself to go long despite there are definite chances of having a breakout from this 2600-3250 range, 3461 as 200 EMA is reachable..........just selling stocks bought previously booking profits......... Ne advice for the novice....

May be it is good to book profits.. a string of holidays awaiting (3,7,10,14)

 

[rag_bh]

Any reason for today's bash other than G20?

 

[pkamalesh]

Guess the BO is coming..If its strong then 3300..Though RSI is still sloping down...in 5 min

 

[GokaSingh]

Looks like this ww will achive its target of 3333 ...