Nifty Futures Weekly And Intraday Analysis Trend Report

[heeemz]

Re: Nifty Futures Intraday Trend Analysis & Trading Calls For 10-07-09

HARI OM​

:thumb:​

NIFTY FUTURES INTRADAY TREND ANALYSIS & TRADING CALLS FOR 10-07-09​

NIFTY FUTURES HAS CLOSED AT 4074.

UPWARD VIEW OF NIFTY FUTURES​

4081 IS THE 1st RESISTANCE OF NIFTY FUTURES FOR TOMORROWS INTRADAY SESSION.



NIFTY FUTURES HAS TO REMAIN FIRM ABOVE 4081 AND ONLY IF IT MAKES A FIRM GROUND ABOVE 4081 IT CAN RALLY UPWARDS.




IF NIFTY FUTURES MANAGES TO TRADE ABOVE 4081 THEN IT CAN RALLY UP TO 4101 REGION.



TREND DECIDER FOR TOMORROW IS PLACED AT 4101.




ABOVE 4101 NIFTY FUTURES WILL RISE UP TO 4118.90 AND REVERSE FROM THERE.



""""SUSTAINING ABOVE 4118.90 IS A MUST FOR FURTHER UP MOVE"""""



IF NIFTY FUTURES MANAGES TO HOLD IT SELF ABOVE THE 4118.90 REGION THEN A FURTHER RALLY UP TO 4138 4157 CAN BE EXPECTED.



4157 IS THE MAXIMUM FOR TOMORROWS INTRADAY SESSION.

DOWNWARD VIEW OF NIFTY FUTURES​

4060 WILL ACT AS A CUSHION FOR NIFTY FUTURES.



WEAKNESS CAN BE SEEN IF NIFTY FUTURES DOES NOT REMAIN FIRM ABOVE 4060.



BULLS WILL REMAIN ACTIVE ABOVE 4060 ONLY.



BELOW 4060 NIFTY FUTURES WILL TAKE SUPPORT AT THE 4033 ZONE WHICH WAS TODAYS DAY LOW.



A CRACK AT 4033 REGION WILL TAKE NIFTY FUTURES TO 4022 4005.



4022 SHOULD NOT BE BREACHED OR ELSE NIFTY FUTURES WILL HIT 4005.



BOUNCE BACK REGION FOR TOMORROW IS PLACED AT 4005.



FAILURE TO HIT BACK FROM 4005 WILL TAKE NIFTY FUTURES TO 3986 & 3963.

TRADING CALLS FOR 10-07-09​

ING VYSYA BANK BUY 170 S/L 166 TGT 175 182 & SELL 165.50 S/L 167.50 TGT 160.50 & 151



JPASSOCIATES BUY 199 S/L 197 TGT 201 205 & SELL 196 S/L 198 TGT 194 190



CAIRN BUY 211 S/L 208 TGT 216 222 & SELL 207 S/L 209 TGT 202 195



RIL BUY 1857 S/L 1847 TGT 1870 1892 & SELL 1843 S/L 1853 TGT 1835 1813



RELCAP BUY 766 S/L 762 TGT 775 784 793 805 & SELL 760 S/L 765 TGT 753 746 735 724



TATA STEEL BUY 363 S/L 360 TGT 370 378 & SELL 359 S/L 362.80 TGT 355 346



HAVE A NICE TRADING SESSION TOMORROW



GANPATI BAPPA MORYA



HARI OM



REGARDS,
NISHIKANT K. HADGE

Nishikant:

Keep up the good work...

Is that a DOJI pattern for Nifty on daily chart (Todays bar)? I recollect you explaining some time back about DOJI on weekly chart (12th Jun06) and we all know the impact of it by now. Now seeing similar pattern on daily chart, what does it indicate? Possible breather for bulls on temporary basis? Please share your views.

Cheers,

Heems

 

[daitya]

Dear Linkon,

I think you missed my post.Please do it if you hav no problem to post it.

I have coded this..if that helps you :clap:

//=======================================================================
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
DL = Ref( C, 26 );
Span1 = (( SL + TL )/2);
Span2 = (HHV( H, 52) + LLV(L, 52))/2;

Plot(SL,"SL",2,styleThick); // standard, base, or kijun-sen line
Plot(TL,"TL",2,styleThick); // turning, conversion, or tenkan-sen line
Plot(DL,"",colorLightBlue,styleLine); // delayed, lagging, or chikou span
Plot(Span1,"",colorGreen,1,0,0,26); // senkou span A, kumo, or white clouds
Plot(Span2,"",colorSeaGreen,1,0,0,26); // senkou span B, kumo, or white clouds
PlotOHLC(Span1,Span2,Span1,Span2,"",IIf(Span1>Span2,8,9),styleCloud|4096,0,0,26);

Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorDarkGreen,colorRed), 0,IIf(Buy,Low,High));
//==========================================================

/*
If you want more help..then feel free to ask..Meanwhile you can read its interpretation :

/*
A bullish Signal is issued when the Tenkan-Sen (RED line) crosses the Kijun-Sen (BLUE line) from below.
//On the other hand, a bearish Signal is issued when the Tenkan-Sen crosses the Kijun-Sen from above.

Moreover, there are, in fact, different levels of strength for the buy and sell signals of an Ichimoku chart.
First, if there was a bullish crossover signal and the crossover occurred above the Kumo (or WHITE clouds),
this would be considered a very strong buy signal (indicated with three green up arrows).
In contrast, if there was a bearish crossover signal and the crossover occurred below the Kumo,
this would be considered a very strong sell signal (indicated with three red down arrows, as above).

Secondly, a normal buy or sell signal would be issued if the crossover took place within the Kumo (or clouds).
These signals would be indicated with two green up arrows, for a buy signal, and two red down arrows, for a sell signal.

Thirdly, a weak buy signal would be issued if there was a bullish crossover that occurred below the Kumo (or clouds).
This is indicated with only one green up arrow (as above). On the other hand, a weak sell signal
would be issued if there was a bearish crossover that occurred above the Kumo. This is indicated with only one red down arrow.

Another striking feature of the Ichimoku charting technique is the identification of support and resistance levels.
These levels can be predicted by the presence of Kumo (or WHITE clouds). The Kumo can also be used to help identify
the prevailing trend of the market. If the BLACK price line is above the Kumo, the prevailing trend is said to be up.
And if the price is below the Kumo, the prevailing trend is said to be down.

A final feature of the Ichimoku chart is the PURPLE line, or Chikou Span (or Lagging Span).
This line can be used to determine the strength of the buy or sell signal. If the Chikou Span
is below the closing price for 26 periods ago and a sell signal is issued, then the strength is with sellers,
otherwise it is a weak sell signal. Conversely, if there was a buy signal and the Chikou Span
is above the price for 26 periods ago, then there is strength to the upside, otherwise, it can be considered a weak buy signal.
This feature can also be incorporated into the other signals.

 

[radha55]

Hi Nishikant and Alobnok,

With the help of link you both gave, i have made one more user friendly live intraday charting site.

*************

*************

Now you dont need to modify the url each time for different scrip.

The site above does all with much simplicity.

Let me know, what else can i add to this website so that we all get benifited from charts.

Now we dont need to subscribe to some external chartign website.

Also, can anyone tell me what is the code in Yahoo finance for Nifty Futures.

 

[sibumajumdar]

I have coded this..if that helps you :clap:

SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
DL = Ref( C, 26 );
Span1 = (( SL + TL )/2);
Span2 = (HHV( H, 52) + LLV(L, 52))/2;

Plot(SL,"SL",2,styleThick); // standard, base, or kijun-sen line
Plot(TL,"TL",2,styleThick); // turning, conversion, or tenkan-sen line
Plot(DL,"",colorLightBlue,styleLine); // delayed, lagging, or chikou span
Plot(Span1,"",colorGreen,1,0,0,26); // senkou span A, kumo, or white clouds
Plot(Span2,"",colorSeaGreen,1,0,0,26); // senkou span B, kumo, or white clouds
//Plot(Close,"Close",colorYellow,styleCandle); // price close
PlotOHLC(Span1,Span2,Span1,Span2,"",IIf(Span1>Span2,8,9),styleCloud|4096,0,0,26);

Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorDarkGreen,colorRed),0,IIf(Buy,Low,High));


/*
If you want more help..then feel free to ask..Meanwhile you can read its interpretation :

/*
A bullish Signal is issued when the Tenkan-Sen (RED line) crosses the Kijun-Sen (BLUE line) from below.
//On the other hand, a bearish Signal is issued when the Tenkan-Sen crosses the Kijun-Sen from above.

Moreover, there are, in fact, different levels of strength for the buy and sell signals of an Ichimoku chart.
First, if there was a bullish crossover signal and the crossover occurred above the Kumo (or WHITE clouds),
this would be considered a very strong buy signal (indicated with three green up arrows).
In contrast, if there was a bearish crossover signal and the crossover occurred below the Kumo,
this would be considered a very strong sell signal (indicated with three red down arrows, as above).

Secondly, a normal buy or sell signal would be issued if the crossover took place within the Kumo (or clouds).
These signals would be indicated with two green up arrows, for a buy signal, and two red down arrows, for a sell signal.

Thirdly, a weak buy signal would be issued if there was a bullish crossover that occurred below the Kumo (or clouds).
This is indicated with only one green up arrow (as above). On the other hand, a weak sell signal
would be issued if there was a bearish crossover that occurred above the Kumo. This is indicated with only one red down arrow.

Another striking feature of the Ichimoku charting technique is the identification of support and resistance levels.
These levels can be predicted by the presence of Kumo (or WHITE clouds). The Kumo can also be used to help identify
the prevailing trend of the market. If the BLACK price line is above the Kumo, the prevailing trend is said to be up.
And if the price is below the Kumo, the prevailing trend is said to be down.

A final feature of the Ichimoku chart is the PURPLE line, or Chikou Span (or Lagging Span).
This line can be used to determine the strength of the buy or sell signal. If the Chikou Span
is below the closing price for 26 periods ago and a sell signal is issued, then the strength is with sellers,
otherwise it is a weak sell signal. Conversely, if there was a buy signal and the Chikou Span
is above the price for 26 periods ago, then there is strength to the upside, otherwise, it can be considered a weak buy signal.
This feature can also be incorporated into the other signals.

Dear Daitya,

Thank u very much for ur lucid, clear and comprehensible details given about ICHIMOKU charting system. It is so clear that one dont need any brain to apply if he can afford to acquire it. Only see the chart, use judgement & press. Plz excuse me if iam wrong. BTW may i ask u for how long u r using the system & what is ur experience. Can brother, system be used for Nifty Future, Stocks Future & Cash Stock? If u have the answer plz share with us. It seems its worth to acquire it. If u recommend then plz tell us how & at what cost though our Dear Linkon already stated about this in his post.If u have different information plz tell us. Thanks to LINKON07 also for bringing the subject in our knowledge. Thanks U again for sharing ur valuable knowledge for members of TJ.

SM

SM

 

[MINITRADER99]

I have coded this..if that helps you :clap:

SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
if( ParamToggle("Tooltip shows", "All Values|Only Prices" ) )
{
ToolTip=StrFormat("Open: %g\nHigh: %g\nLow: %g\nClose: %g (%.1f%%)\nVolume: "+NumToStr( V, 1 ), O, H, L, C, SelectedValue( ROC( C, 1 )));
}

SL = ( HHV( H, 26 ) + LLV( L, 26) )/2;
TL = ( HHV( H, 9 ) + LLV( L, 9 ) )/2;
DL = Ref( C, 26 );
Span1 = (( SL + TL )/2);
Span2 = (HHV( H, 52) + LLV(L, 52))/2;

Plot(SL,"SL",2,styleThick); // standard, base, or kijun-sen line
Plot(TL,"TL",2,styleThick); // turning, conversion, or tenkan-sen line
Plot(DL,"",colorLightBlue,styleLine); // delayed, lagging, or chikou span
Plot(Span1,"",colorGreen,1,0,0,26); // senkou span A, kumo, or white clouds
Plot(Span2,"",colorSeaGreen,1,0,0,26); // senkou span B, kumo, or white clouds
//Plot(Close,"Close",colorYellow,styleCandle); // price close
PlotOHLC(Span1,Span2,Span1,Span2,"",IIf(Span1>Span2,8,9),styleCloud|4096,0,0,26);

Buy = Cross(TL,SL);
Sell = Cross(SL,TL);
shape=Buy*shapeUpArrow + Sell*shapeDownArrow;
PlotShapes(shape,IIf(Buy,colorDarkGreen,colorRed),0,IIf(Buy,Low,High));


/*
If you want more help..then feel free to ask..Meanwhile you can read its interpretation :

/*
A bullish Signal is issued when the Tenkan-Sen (RED line) crosses the Kijun-Sen (BLUE line) from below.
//On the other hand, a bearish Signal is issued when the Tenkan-Sen crosses the Kijun-Sen from above.

Moreover, there are, in fact, different levels of strength for the buy and sell signals of an Ichimoku chart.
First, if there was a bullish crossover signal and the crossover occurred above the Kumo (or WHITE clouds),
this would be considered a very strong buy signal (indicated with three green up arrows).
In contrast, if there was a bearish crossover signal and the crossover occurred below the Kumo,
this would be considered a very strong sell signal (indicated with three red down arrows, as above).

Secondly, a normal buy or sell signal would be issued if the crossover took place within the Kumo (or clouds).
These signals would be indicated with two green up arrows, for a buy signal, and two red down arrows, for a sell signal.

Thirdly, a weak buy signal would be issued if there was a bullish crossover that occurred below the Kumo (or clouds).
This is indicated with only one green up arrow (as above). On the other hand, a weak sell signal
would be issued if there was a bearish crossover that occurred above the Kumo. This is indicated with only one red down arrow.

Another striking feature of the Ichimoku charting technique is the identification of support and resistance levels.
These levels can be predicted by the presence of Kumo (or WHITE clouds). The Kumo can also be used to help identify
the prevailing trend of the market. If the BLACK price line is above the Kumo, the prevailing trend is said to be up.
And if the price is below the Kumo, the prevailing trend is said to be down.

A final feature of the Ichimoku chart is the PURPLE line, or Chikou Span (or Lagging Span).
This line can be used to determine the strength of the buy or sell signal. If the Chikou Span
is below the closing price for 26 periods ago and a sell signal is issued, then the strength is with sellers,
otherwise it is a weak sell signal. Conversely, if there was a buy signal and the Chikou Span
is above the price for 26 periods ago, then there is strength to the upside, otherwise, it can be considered a weak buy signal.
This feature can also be incorporated into the other signals.

Thank you very much for sharing this AFL with us. When I used it it is giving the following error-
Error 31
Syntax Error expecting ')'or ','
Kindly tell me what is to be done or can you please post it after making the correction.
Thanks in advance.

 

[Nishikant]

Thank You Everybody

DEAR FRIENDS :thumb:


I WOULD LIKE TO THANK EACH & EVERY ONE IN PERSON FOR PROVIDING INFORMATION ON "ICHIMAKU" SYSTEM & ITS AFL. I AM HIGHLY OBLIGED TO ALL OF YOU :thanx:



I WOULD ALSO LIKE TO THANK EACH AND EVERY PERSON COMING TO THIS THREAD AND BEING A PART OF IT AND ALSO FOR THE ENCOURAGEMENT & SUPPORT THAT YOU ALL GIVE ME FROM TIME TO TIME :thanx:



KEEP UP THE GGOD WORK AND GOD BLESS ALL.



GANPATI BAPPA MORYA



HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[Nishikant]

Re: Nifty Futures Intraday Trend Analysis & Trading Calls For 10-07-09

Nishikant:

Keep up the good work...

Is that a DOJI pattern for Nifty on daily chart (Todays bar)? I recollect you explaining some time back about DOJI on weekly chart (12th Jun06) and we all know the impact of it by now. Now seeing similar pattern on daily chart, what does it indicate? Possible breather for bulls on temporary basis? Please share your views.

Cheers,

Heems

HARI OM DEAR HEEMZ BHAI :thumb:



THE DOJI ON THE DAILY CHART SIGNIFIES THE INDECISION BETWEEN THE BUYERS & THE SELLERS TO TAKE NIFTY TO EITHER SIDE.



TODAY NIFTY FUTURES SHOULD CLOSE ABOVE ITS DOJI HIGH OF 4109.90 OR ELSE YESTERDAYS DAY HIGH OF 4109.90 WILL MAKE ANOTHER RESISTANCE FOR THE NIFTY FUTURES FOR THE NEXT WEEK.



THE SAME 4109.90 WILL ACT AS A HURDLE FOR TODAYS INTRADAY TRADE & WE WOULD SEE A GOOD UP MOVE IF NIFTY FUTURES TRADES FIRMLY ABOVE THE SAME 4109.90 REGION.



IF NIFTY FUTURES MOVES PAST 4109.90 THEN IT SHOULD MAKE A STRONG SUPPORT AT 4109.90 TO MAKE WAY FOR FURTHER UPTREND.


IT IS SAID THAT AFTER A STRONG TREND IN EITHER DIRECTION, DOJI CAN OFTEN MARK MAJOR TURNING POINTS.



""""""HERE IS THE LINK FOR DOJI""""""


http://www.streetauthority.com/terms/d/dojicandle.asp


HAVE A NICE TRADING SESSION.


REGARDS,
NISHIKANT K. HADGE

 

[linkon7]

CUES-

--Nifty July future discount decreased to 7 points so cost of carry increased.
--Nifty open interest decreased by 7 lacs suggests short covering. (Total OI now at 2.27cr)
--Nifty calls added 29 lacs and puts added 20 lacs in open interest.
--Nifty open interest put-call ratio is at 0.83.
--4000 puts had open interest of 47 lacs and 4300 calls had open interest of 40 lacs, so 4000 and 4300 will be important levels to watch for.
--India VIX closed at 36.64, decreased by 2% suggests stability.

 

[nagendra_gb]

oh god boring markets not going anywhere :-(

 

[Nishikant]

Trend Decider Mentioned Was 4101 & Day High Is 4099

oh god boring markets not going anywhere :-(

HARI OM EVERYBODY & HARI OM DEAR NAGENDRA :thumb:


4101 WAS THE TREND DECIDER FOR TODAY. NIFTY FUTURES DAY HIGH IS 4099 :clap:



BELOW THE TREND DECIDER IT REMAINED BEARISH.


"""'NOW 4072 - 4083 BECOMES THE IMMEDIATE RESISTANCE"""""


UNLESS & UN TILL NIFTY FUTURES DOES NOT SUSTAIN ABOVE THE 4083 MARK FURTHER UPTREND IS NOT POSSIBLE.


IF NIFTY FUTURES TRADES ABOVE 4072 - 4083 THEN A RALLY UP TO 4103 IS EXPECTED.



""""""BELOW 4072 BEARS LIKELY TO REMAIN DOMINANT"""""".


IF TRADES BELOW 4072 THEN THE DAY LOW OF 4056 CAN BE BROKEN AND A NEW DAY LOW AT 4043 & 4029 CAN BE SEEN.


HAVE A NICE TRADING SESSION


GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE