Nifty Futures Trading

[milind]

BB have converged in 5m tf. Which side will it break out?

 

[sandeep.kala]

put and calls losing values

no movement

 

[GokaSingh]

reliance broke 1910 and sustaining ... nifty target back to 3680 ...


Now back as before ...reliance back in/below 1910 ...

 

[jstraju]

Just a thought ;
After 3 days of zigzag movement market has opened with a big gap way above stoplosses of shorts on previous 2 occasions near 3150 and 3500,
If there is no decisive closing today,
History may repeat tomprrow,
Raju.

 

[GokaSingh]

If we trade in reliance we get 300 units against 50 of Nifty and pay brokerage for 1 lot. Premium/cost is also less loss/gain will be equivalent.

Seniors, pls. suggest why not trade reliance instead of nifty ?

 

[Sunil]

Just a thought ;
After 3 days of zigzag movement market has opened with a big gap way above stoplosses of shorts on previous 2 occasions near 3150 and 3500,
If there is no decisive closing today,
History may repeat tomprrow,
Raju.

Well, still some more time to go but if FUT does not cross 3700, then we have an Inside Day + NR4/7 in both FUT & SPOT :clap:

In prev two occasions, this combination broke 2800 and rest is history.

I have "put" my money this time on way down...

 

[pra]

if nifty spot will close above 3680 then it will be very good sign. Any mild positive ques will boost to lift 3750 zone tomorrow.

 

[skee_kd]

Earlier days high as resis....and days low as support startin point of ascending triangle formation

 

[Sunil]

If we trade in reliance we get 300 units against 50 of Nifty and pay brokerage for 1 lot. Premium/cost is also less loss/gain will be equivalent.

Seniors, pls. suggest why not trade reliance instead of nifty ?

This is possible ONLY if your broker charges you a fixed amount as brokerage per lot (like RK Global).
Else, there is no difference at all - check your calculations again..

 

[MurAtt]

Another thing to be noted :- RIL never moves in the initial mkt movement. It is what gives the last push to get the mkt into a momentum!!! Same thing again today, no movement on RIL - compared to other movers -