Nifty Futures Trading

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Sunil

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Hi guys....
What a sharp-shooter I missed....

Coming back to contest:
well, czar & L2T - u both voted for 2 levels.... so, invalid vote....

Tape - u said "above 2744".... but there were 4 categories above 2736.... wish u would have specified the upper band....

So, ultimately, ONLY ONE WINNER (unlike 3 of last time in December) - GOKA SINGH

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Sunil

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spot attemting bullish divergence at crucial 2735 zone (1min)
now even 5min chart acting pricey....
closing shorts in profit and going long small qty...
read somewhere in www that for a proper bullsih divergence's effect, the first trough/low should be BELOW 30.....

In 1min, it's not such a case as of now....
5min chart qualifies, but I want 1min chart for more confidence....


let's see
rocking day for 5min chart....!!!
this was the BEST expiry session of recent times...

Continuing with our experiment about relationship between discount/premium & next day opening, today March Nifty Future closed at a discount of 20 points (from prev. 25 points)....
not that much margin this time, but going by statistics purely, tomorrow a gap down of around/atleast 20 points...


Post no. 18962
 
Yup... I never get more happy than when a pre-planned Strategy goes right.. :D

As Per 2 other Pre-thought strategies for the market.. I will be looking for

1)the market to go till 2825-40 to close the gap and ur 50% retracement level and then come all the way back to 2660..(Breaking 2650 will jst make the Bears SOOO much more powerful) I will Take a Short (positional not intraday near 2820 with a Stop of 2860)


2)Breaking 2760 and filling the gap (from above) Also also breaking 2725 (the stop as per my method)will make me add some Puts...

Ohk... Couldn't execute my 2nd Pre-Planned strategy as the market never went below 2725 thus didn't buy any Puts..

Although if i would have been long only as per my gap rule and used 2725 as SAR(instead i just waited for it to break 2725 before going short..)... It would have turned out to be a awesome ending for me... But never mind.. Its all good :) Hehe

*Now waiting for the market to go 2820...!!
 
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