Nifty Futures Trading

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

waise, new2sm, people are saying there would be a new film releasing on monday 23rd...

Chidubhai aur "circuit"...

produced by AnilPowerBhai...

[when reliance power IPO was launched, market hit circuit...
and now, when reliance power bonus shares have come into market, would there be another circuit???]

Plz refrain from Trading Gossips ,if there is a Circuit,fine if not then also fine.
These Gossips clutters our mind & chart reading gets effected for Intraday traders.
It seems you are hyped for Drama,i can understand that,if you want to be a serious Nifty Trader,then contribute in the Thread by active participation,which you are already doing,Gr8,but Intraday Trading only requires 1 pre condition & that is Mkt to Open Everyday at 9.56 even on Sat Sun if possible.
My subjective view.

http://www.traderji.com/beginners-guide/22094-trade-learner-4.html#post187839

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Plz refrain from Trading Gossips ,if there is a Circuit,fine if not then also fine.
These Gossips clutters our mind & chart reading gets effected for Intraday traders.
It seems you are hyped for Drama,i can understand that,if you want to be a serious Nifty Trader,then contribute in the Thread by active participation,which you are already doing,Gr8,but Intraday Trading only requires 1 pre condition & that is Mkt to Open Everyday at 9.56 even on Sat Sun if possible.
My subjective view.

http://www.traderji.com/beginners-guide/22094-trade-learner-4.html#post187839

I apologise for creating some noises/disturbances during/after trading hours by talking non-trading stuff. To some extent, joking around just cools nerves, but I admit that I go overboard sometimes. I'll refrain from such activities.
Thank you for mellowing me down a bit....

BTW, i'll be going thru those kolkatta meet videos during week end. I really appreciate your contribution and I am also thankful to the other participants for their invaluable guidances they gave and taking out some of their valuable time...

 

[swdas]

Re: Time to Stick my Neck Out ,Nifty 7300

Do not buy anything now. All will be cheaper. other wise you will sell in panic in a falling market. This is not a good time to buy. Specially this caution till this expiry.

The point is it does not matter where you buy. It matters what rate you will see tomorrow. If you buy something today at 100 and tomorrow goes to 90. You will sell it in panic. The same stock if you buy at 200 when there is a possibility that it will show you 220 on next one week.

We are in the buy at 100 and sell at 90 kind of situation.

Take care

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

NIFTY SPOT ANALYSIS

Major medium term support broken on closing basis

The benchmark indices have touched new lows in the last three trading sessions, but the relative strength index (RSI), a momentum indicator, has not hit new lows.

The nine-day RSI of the Nifty had touched a new low of 9.16 on January 22 and is currently at 28.09. This is a positive sign, though technically markets are oversold now.
Please note that, in bear phases, markets tend to remain in oversold status for substantial periods.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

KEY NIFTY SPOT LEVELS TO WATCH OUT FOR MONDAY'S TRADING

Pivot Point 4410
The 4410 threshold will be a bearish pivot for the day below which the bears are likely to stay in charge of the sentiments.
As per the intraday chart of Friday, for any substantial pull back , SPOT should cross and sustain above 4410.


Resistance at 4475/80 level
This, besides being R1 for today, is also an important resistance level. Any pullback till this level can be used to create new/add more short positions.
Only positive global conditions on Monday can break this level on the upside.


SUPPORT LEVELS
4280
This is the key Fibonacci retracement target for this current long term bull run since April 2003.
This is also the S1 level for today

4200
Lot of Put writing has taken place at 4200 level. This may act as an important support, atleast till the expiry day. Only major bearishness in global markets / more negative news can break this level.
Coincidentally, the S2 level for today is at 4205.
Some pullback may be expected from this level.

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

IMPORTANT EVENTS FOR THIS WEEK

June 22 - OPEC meeting with major oil-consuming nations
Stock markets and governments around the world will look forward to Saudi Arabia, the world’s largest producer of oil, this weekend. The fall-out of the June 22 meeting of members of the Organization of the Petroleum Exporting Countries (OPEC) and representatives from the world’s oil-consuming countries will take place at Jeddah.

While there are expectations that Saudi Arabia will announce a plan to increase production, the OPEC President, Mr Chakib Khelil, said on Friday that it was unreasonable and irrational to request the ‘oil group’ to enhance output so as to take the pressure off high prices.

June 25 - UPA-Left meet on nuclear deal issue (may be postponed again)

June 25 - US FED meet

June 26 - Derivatives Expiry Day

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

(strictly my view only):

a close below 4250 will target 4000 (august 2007 trough levels) in coming weeks...

 

[Dev Mookerji]

Re: Time to Stick my Neck Out ,Nifty 7300

Do not buy anything now. All will be cheaper. other wise you will sell in panic in a falling market. This is not a good time to buy. Specially this caution till this expiry.

The point is it does not matter where you buy. It matters what rate you will see tomorrow. If you buy something today at 100 and tomorrow goes to 90. You will sell it in panic. The same stock if you buy at 200 when there is a possibility that it will show you 220 on next one week.

We are in the buy at 100 and sell at 90 kind of situation.

Take care

EXCELLENT EXCELLENT Post

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Sunil,

On your post (no 6463),probably it should be S2 you wanted to mention.

Asish

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Sunil,

On your post (no 6463),probably it should be S2 you wanted to mention.

Asish

corrected it...
thank u, asish