Nifty Futures Trading

[Sunil]

Hi ,
i have brought 4300 puts at 40 shall i hold for couple of days.. please le me know when should i exit..

ideally, PUT should have bought between 4480-4500, with SL above 4535 (4535 is the HOD when for first time dbl digit inflation was announced)...

4300 PUT means u expect SPOT to expire below 4300...

(i m not sure, but the congestion zone of 4315-4350 may provide support now)

 

[mitasatyajit]

Hi ,
i have brought 4300 puts at 40 shall i hold for couple of days.. please le me know when should i exit..

4417 is the quarterly resistance, as per technical theory, it nifty should close above at least for two days to break this resistance.

Untill the present uptrend breaks, aggressive short will not be good. Let the trend line of hourly break first to go short .. adding of short position can be made if daily trend line breaks.

Regards.

 

[new2sm]

This is not the first time and have noticed quite frequently that Resistance and supports for SPOT are also applicable(albeit loosely) for FUT but not vice-versa. similar thing is happening right now. watch closely.

 

[Sunil]

This is not the first time and have noticed quite frequently that Resistance and supports for SPOT are also applicable(albeit loosely) for FUT but not vice-versa. similar thing is happening right now. watch closely.

that's because when expiry is near, the difference keeps on reducing...

this happens every month (maybe u noticed now, since i remember u said that u change to next month's FUT a week earlier)

 

[new2sm]

that's because when expiry is near, the difference keeps on reducing...

this happens every month (maybe u noticed now, since i remember u said that u change to next month's FUT a week earlier)

No this I have observed during the month also. even when markets were in downtrend this was happening. only thing is that instead of the common +/-10 pts that is kept as band for bounces, in such case keep 15 pts as band. but it happens mid month also and in any trend.

 

[Sunil]

Saint has taught us if HH HL then uptrend.

In a 5 mins chart at 1.04's bar there was a HH ,when compared with the High of 11.34's bar,now we wait for a HL,which at 2.09's bar,though we came to know that to be a confirmed HL ,may be after a couple of bars.

Then how come we where Shorting,OK even if we are trying for the down move from 1.04's bar then we would be extra cautious to locate the HL (if any,becoz at that time we did not knew the right side of the chart) ,did'nt the 2.0's bar High Alerted us,then for each bar the earlier 2 bar's highest high would not have been our Stop.

This post by Asish Sir of 17th July has benefited me immensely and have learnt & seen this formation till today...
(except yesterday, when i feel a BJP leader's soul entered my body & mind and I acted against the trend so soon )

I am highly indebted & grateful to you, Dada and Saint Sir..

(have been going long near previous HL, and exiting on good breakout of previous HH)

 

[nagendra_gb]

My friend,

Sunil please keep posting ur views. There are many followers following it ...

 

[Sunil]

Re: Time to Stick my Neck Out ,Nifty 7300

Which is the favourite quarter of NIFTY???


Quarterly Returns %

YEAR Q1 Q2 Q3 Q4

2008 -22.91 -14.45 -- --

2007 -3.19 13.27 16.45 22.15

2006 19.94 -7.64 15.15 10.92

2005 -2.23 9.57 17.74 9.22

2004 -5.80 -14.59 16.84 19.48

2003 -10.64 17.12 26.42 32.61





hmm.... so we buy at start of Q3 (ie in July) and sell at end of Q4 (ie in december)....

hey, this might turn out to be true even this year, as
GOVT is adamant abt economical reforms now
state elections not until nov-dec
DOW and NIFTY have tested their very important supports...

of course, a correction from here till 4200-4000 would be good for health of nifty...

 

[Sunil]

My friend,

Sunil please keep posting ur views. There are many followers following it ...

I am a newbie too yaar... just love, romance, s**, with NIFTY a lotttttt....

And I depend on guidances (& moral support while in a trade) from ASISH SIR and other seniors who have access to tech software like METASOFT, etc...

 

[new2sm]

4507 seems elusive till now. lets see till EOD