Nifty Futures Trading

[Sunil]

Since 22 May, when Nifty SPOT fell below its 20DMA, it has never risen above that....

2 attempts were made though, but both failed...

1st on 18th June, when 20DMA was 4700 and HOD was 4680... after touching 4680, it fell to 4370 over time (over 300 pts)

2nd attempt was recent on 11th july... 20DMA was 4210 and HOD was 4215... from there it fell to 3790 (over 400 pts)

In short, 20DMA was just an opportunity to short more...

i'll post the latest 20DMA soon, as this becomes relevant for monday's trade...

 

[kkseal]

... now who's sudoku - a moderator who does not like jokes???

He's the resident do-nothing-till-up-more-than-3000pts pundit

 

[lalpar]

Looking at the charts, we have closed right at a falling trendline that started on 5160 on dt.20/05/2008.

What if we give a massive gap-up on Monday?

After all, such trendline breaks only happen overnight on opening gaps.

I know.....Dow futures are lower and even FTSE is down and oil is slowly scaling up.....and to top of it all....extreme short term indicators are very overbought with two days of massive rise......

But.....even then....a possibility is a possibility !!!!

(Just a thought)

Well for High Reward you have to be ready for highere downside risk and I am ok with this...Slowly but surely i am loosing my fear and anxiety in market...

Also Crude is def not cooling down it is on rise and I dont expect it to cool down...Dow Futures was a good indicator...Inflation numbers were ignored by markets..Political cond wwas ignored..There is too much uncertainity for a big upmove..but lots of scope for a downside!!!!

But I have taken a calculaued risk...Lets see what happens...

 

[Sunil]

well, lalpar, i do exactly the same but at round figure SPOT known support / resistance levels...and I do it with OPTIONS...

like I bought Call at 3800 SPOT, but had squared off yesterday at around 3950 SPOT

only thing is that in options, here it will seem 150 pts, but actual it may be 120-130 prs (and that too, if you bought ATM option)...
For full value, you should use well ITM option...

good to know I have a company... will get in touch with u when such special situations arise...

 

[VJAY]

Index options are -CE(call European) & PE(Put European)
This means that these options can be excercised only on the expiry day but u can square off your position(option) anytime.

Sir,
Thanks for your reply.please clarify this "options can be excercised only on the expiry day".I not understand this.If u give with an example it's better.
Then can we trade it in daily basis also?

 

[mahesh2007]

Sunil, either search for sudoku1 or find Thread called "Sensex Technicals" and one more Thread which is now locked whose title I forgot.

[http://www.traderji.com/equities/16313-rumour-post-halaal-street.html

 

[mahesh2007]

what is worth noting in todays trade-

Today FII's are net buyers to the tune of 408 crores and DII's are net seller 70 crores.

 

[VJAY]

Hai sunil,
Can U explain some of your short words like HH,HL etc.How much lot you using to trade?Give an short details for how you trade in nifty.It is helpfull to many newbies in FNO like me.Thanks

 

[VJAY]

maheshji,
I not get replay about options yet.Please .........

 

[deb99891]

He's the resident do-nothing-till-up-more-than-3000pts pundit

come down seal da
seemed ur 2 much angry on tat guy
regards