Nifty Futures Trading

[MurAtt]

Descending Triangle in 1 min broken downwards.

20 pts for the taking.


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Did not materialize - Bullish wedge formation in 1 and 5 min. Confirmation?

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By the time I update, markets taken a hit of 10 points+ so - lots of whips in the smaller time frame ---

 

[milind]

Rate cut announced?

 

[pkamalesh]

yes...Both Repo and Reverse Repo Cut by 0.25 bps but no cut in CRR...

 

[metushar]

Already answered...

 

[MurAtt]

Maybe mkt is waiting for that only .....

Nifty 5 min forming downward sloping channel.

Also one sstrategy one can apply is to buy 3300PE and 3400CE. Upon b/o or b/d, sell the option which is against the trend and ride the other one ...

Anyone, any ideas?

 

[milind]

Lets see if rate cut is good enough to overcome global sentiment. Besides, I wonder if yesterday's reaction to BoA announcement in US was overdone - since they actually had $19B income before provisioning for credit loss. But, as always, market is the boss ...

 

[metushar]

Nice one Murtaza....but options look like dangerous to me, but in case of breakout/ breakdown for this the move has to be really big otherwise you may be able to just cover up the money you have lost on the other one.

 

[metushar]

What a vertical move.....looks like somebody took vodka shots and went on a high literally....

 

[columbus]

What a vertical move.....looks like somebody took vodka shots and went on a high literally....

Some problem with TT quotes?????????

 

[metushar]

Nifty future discount has trimmed......now trading at 0 cost of carry...
Market is closing the gap down it seems......