Nifty Futures Trading

[tinchu76]

Re: Time to Stick my Neck Out ,Nifty 7300

tinchu76,

Plz go thru Saint's Thread 1st,assimilation & digestion of that is 1st & foremost,this is my suggestion to a younger brother (there are very few members above my age in this forum.).

All those Waves are in part 3 not before that.

Asish

Sir, Many thanks for your advice Initially too u had guided vide ur post 7,191 ("Teach a man to fish"). I am on to that further to ur advice I had Downloaded the Kolkat meet video. Shall study this week end. Is this what you r refereing to in this post?


Thanks n Regds

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Mkt always moves in Wave form.We dont try to outguess it but follow it.There are generally 3 phase,Up Down & sideways.We have to identify the general phase of the Mkt.
In a Downtrend there can be few Rallies,those are to be Sold in Rise,vice versa for Uptrend to be Bought in dips.
A Long Bull phase has ingrained in our mind that always buy in dips,no sir only when an uptrend is identified & there is a down swing Rally we only Buy those down Rally's in dips.
Hence a General View is to be made 1st,then trade the current on going Waves towards the General trend.
This identification of Waves & it's Trend,Saint's thread is more than enough than any 50 books.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

When do we do not follow Trend.
......................................................

In any strong Trend the culmination phase is 'irrational phase' or 'Excess phase' or 'Exuberence phase' or 'Capitulation phase';whatever terminology we use,all of us can understand the meaning.Plz remember this Excess/irrational phase can continue for excess/irrational TIME.
Whenever we are in that phase we must be cautious (though i am greedy & most of the time caught in wrong foot) & take an opposite action than the General or Current Trend.Some say Contrarion approach.But that approach benefits ONLY in Excess/Irrational phase,hence plz let us understand the bookish knowledge in right CONTEXT,right Perspective.
Presently we are in that phase.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

What is the High or Low of the Day the Excess/Irrational Price zone Rejected in the daily on going Auction process.

 

[uasish]

Re: Time to Stick my Neck Out ,Nifty 7300

Now if we find the Upper or Lower shadow of a Candel is very less,what does it signify,that the Price zone has not reached the Excess / Irrational phase,not rejected by the Participant Auctioners.The trend can spill over to next Candel.

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

so bank nifty bounced and covering up shorts helped ... now for the coming week iam expecting a good buying point above 5020 futures (for spot its 5070) and from here there is a good 190 point move on the cards but the oi has to show a vol of around 15000 contracts on the 5 min for such a move as most of the trading reversals in the recent past have happened after such oi vol ...the R1 in spot is 5264 and from there 5344 spot ,the gap resistance,could act as a barrier..The plan b would be to go short only below 4633 spot for 4180-3382.
as far as nifty is concerned , there is HH-HL in 5 min but the hourly will form a HH-HL only after 4106 Spot is crossed ... in the mean time , trading more long than short till 5 min forms a LL-LH

 

[rajaram.dilipkumar]

Re: Time to Stick my Neck Out ,Nifty 7300

When do we do not follow Trend.
......................................................

In any strong Trend the culmination phase is 'irrational phase' or 'Excess phase' or 'Exuberence phase' or 'Capitulation phase';whatever terminology we use,all of us can understand the meaning.Plz remember this Excess/irrational phase can continue for excess/irrational TIME.
Presently we are in that phase.

agreed but how far down can these stocks go ... for e.g most psu banking, infra ,real estate , some mid-cap IT and auto stocks are heading fast towards zero and will bounce at some point(some have already) but i dont want a quick and a sharp reversal because that will make people to liquidate all their holdings thereby making the market fall even faster..let it be a slow and steady bounce rather than a fast one atleast that will ensure a more durable bull market..

 

[karthikmarar]

Re: Time to Stick my Neck Out ,Nifty 7300

In my opinion we may see a bounce to a maximum of 4500 on the nifty. Then we down again. How much it goes up depends on the oil and political situation. Beyond 4500 we would be seeing a reversal in the trend. But things are bleak to support that scenario.

 

[columbus]

Re: Time to Stick my Neck Out ,Nifty 7300

SGX july nifty futures up 23 points at 3988,recovers 70 points from day's low.

 

[nonstopkaran]

Re: Time to Stick my Neck Out ,Nifty 7300

any body there......

y no posts today...

asish, sunil... where are u