Nifty Futures Trading

[sam4u07]

hey how to get daily nifty level and intraday calls in traderji

 

[praveen taneja]

hey how to get daily nifty level and intraday calls in traderji

go to search and write nifty u will get nifty levels etc and many threads:thumb:

 

[alobnok]

Can any of the experts please confirm whether there is a negative divergence in the RSI and MACD on the daily charts?? I am still a beginner and a few times before though i thought that there was a divergence then also the market went up and i had some losses. Please help me by confirming.

Thanks
Vikas

 

[Sunil]

Re: Explanation Required

According to the definition, a Doji doesn't specify direction nor bias. It only specifies that there is indirection. So it can act as either a continuation signal or reversal signal. It needs to be used in accordance with other patterns/ support resistances that exist. For example, we have a rising wedge in spot daily with doji in weekly which indicates bearish conditions (since rising wedge is nearly always bearish). You can use it with fib too. If you are expecting a some thing around some level, a doji might be a good time entering long/short (based on the next candle).

Very good explanation, terminator.
Murtuza, I am gonna treat that Outside Bar in same way as an Inside Bar.
I'll be observing its High & Low.

 

[MurAtt]

Case Study ( of what I understand and I could be wrong ... )

Bearish
1. Morning Star / Doji (daily and weekly)
Engulfing on Weekly (bullish on adjustment but actually bearish)
Inside Bar on daily
2. Rising Wedge
3. RSI negative divergence (daily charts) AND overbot on Weekly.
4. CMP touching top of BB on weekly chart
5. Wiliams %R is higly overbot since the last many candles.
6. Falls are faster than rises and volumes are increasing in falls
7. Heavy resistance at 4680 with a weekly resistance too at this level.
8. Korean Nuclear problem arising

Bullish
1. RSI Overbot on weekly (can continue and stay for another week or two too)
2. Slow Stoch above 80 but still not crossed over
3. 20EMA crossed over 50EMA giving BUY 3 candles back (weekly)
4. Crude expected to come down to 62 levels in the next few weeks
5. Lots of money waiting on the sidelines to get in
6. Budget expectations

Neutral
1. ADX -- Just moved above 50 BUT green/pos hs started to move down and neg indicator started to move upwards

Confused :
1. OBV is at 500 (since do not have any idea about OBV would not know)
2. A major star turns retro next week..lets see its impact..

 

[linkon7]

Case Study ( of what I understand and I could be wrong ... )

Bearish
1. Morning Star / Doji (daily and weekly)
Engulfing on Weekly (bullish on adjustment but actually bearish)
Inside Bar on daily
2. Rising Wedge
3. RSI negative divergence (daily charts) AND overbot on Weekly.
4. CMP touching top of BB on weekly chart
5. Wiliams %R is higly overbot since the last many candles.
6. Falls are faster than rises and volumes are increasing in falls
7. Heavy resistance at 4680 with a weekly resistance too at this level.
8. Korean Nuclear problem arising

Bullish
1. RSI Overbot on weekly (can continue and stay for another week or two too)
2. Slow Stoch above 80 but still not crossed over
3. 20EMA crossed over 50EMA giving BUY 3 candles back (weekly)
4. Crude expected to come down to 62 levels in the next few weeks
5. Lots of money waiting on the sidelines to get in
6. Budget expectations

Neutral
1. ADX -- Just moved above 50 BUT green/pos hs started to move down and neg indicator started to move upwards

Confused :
1. OBV is at 500 (since do not have any idea about OBV would not know)
2. A major star turns retro next week..lets see its impact..

As long as momentum is bullish, indicators can sit and scratch their heads....
from current highs, a fall to 3720 levels...(to cover the gap ).... will be treated at 38% retracement... so the view remains bullish....a correction will only make it healthy...

problem is these conditions were similar from 3100 levels.... But somehow, we continued to go up and up.... all dips are being bought.... people who short are forced to cover at higher prices....

Only problem i see here is bears are retreating. They were on the receiving end for too long and without heavy shorting....and subsequent....short squeeze..it'll be difficult to get to 4789...(38% from the all time peak)....

 

[MurAtt]

Nifty Spot in a downward sloping channel .....

RIL gone case today --- 2200. Next is what?

 

[MurAtt]

Can we have an Inverse Cup n Handle formation?
If yes then we are likely to have on on NSpot 5mins.
Check it out.

Is more of a V rather than a cup n handle. If breaks then more downside else a bounce ...

 

[linkon7]

problem is.... the strongest pillar- reliance.... is shaken....

 

[columbus]

As usual the quotes provided by Trade Tiger are horribly WRONG.
Not only current Trading price is different but also the LOW reached.
Top one is from KARVY and bottom one is Tradetiger.