Nifty Futures Trading

[myvineet]

thanks again, vineet...

this is really helpful in many ways...
(i have just registered myself & am exploring.... it seems to have most of the things which i was looking out for...)

my pleasure.....friend....thats why we are here ....to share some good things we know.....


vineet

 

[rajaram.dilipkumar]

just throught of opening a derivates strategy thread in advanced trading strategies focussed on options strategies and OI .... unfortunately iam not allowed to even post there leave alone opening a thread....really disappointed.

 

[skarpio]

just throught of opening a derivates strategy thread in advanced trading strategies focussed on options strategies and OI .... unfortunately iam not allowed to even post there leave alone opening a thread....really disappointed.

Any particular reason why you want it to be there? If its to sort weed, well, you are unlucky. Why dont you start one in the Derivatives category just as well and later move it over?

 

[Sunil]

Here is a monthly chart of Nifty Spot from May 2004 (when UPA was elected to power) till current month.

Surprisingly, there seems to be a strong support line which starting from May 2004 crash and surviving later crashes of May 2005, June 2006 & latest July 2008 (as of now).

Also, this is an upward sloping line (does this mean that SUB-3700 is not possible at all)...??? !!!

Hmm... so, should we say now that it's actually:
"CONGRESS KA HAATH, NIFTY KE SAATH"

 

[Sunil]

thanks again, vineet...

this is really helpful in many ways...
(i have just registered myself & am exploring.... it seems to have most of the things which i was looking out for...)

I dedicate my "first ever" chartical post to Vineet (id - myvineet)

Thanks again buddy...

(vineet, you may be thinking what's SO great about the website... but actually, for someone who does not have access to technical/chartical software, and for someone who LOVES to play&trade with Nifty levels, this is actually a good source for visually confirming the ideas about STRONG supports & resistances. Another good thing is that it's not just EOD, but also INTRADAY - which I wanted badly)

 

[JINEEL]

Sir
pl date upload

 

[Sunil]

BEAR SCARE:

1. Refer to the EOD chart of SPOT with Bar/candlestick as charting style
2. Join the peaks (HOD) of 9 Jan, 2 May, 16 May....
3. This is a downward sloping line, and today's HOD as somewhat touched it
4. SPOT has reacted sharply downwards after touching this line...

i would like comments from other members. as I am not a proper TA...

This is what I had meant with my above post of July 23rd at EOD, before the correction actually started from July 24th...

(as this is a downward sloping line, this bear scare level will change with time but downwards...)

interesting to note that the long term "congress level" (previous post) and this medium term "bear scare level" are slowly converging...

Summary with tongue-in-cheek (smart alec observation) :-
"Congress SUPPORT level" will stay as long as congress stays in power...
"Bear Scare RESISTANCE level" will stay as long as bears stay in market...

P.S. - is it a mere coincidence that the last 12 months' serial bomb blast are taking place at non-congress states... (excluding maharshtra) or to be specific BJP-ruled states (not sure abt this BJP part)

 

[Sunil]

Since we are talking of medium term "bear scare" level, then a weekly chart should have been takien ideally.

But, even in weekly charts, this "bear scare" level is working precisely.

 

[pakatil]

Normally it is expected that a Tenant vacates the property in the same condition that he got. Will Congress bring Nifty back to levels of 2004 when they started (~2500). Just scared!!!

 

[uasish]

Normally it is expected that a Tenant vacates the property in the same condition that he got. Will Congress bring Nifty back to levels of 2004 when they started (~2500). Just scared!!!

Was chocked Laughing !very nice paktil