Nifty Futures Weekly And Intraday Analysis Trend Report

[ananthsankaran]

Linkon GURUJI, :clap:

Can you please share with us the software that you use for plotting these graphs??

It would be really helpful for novice traders like us to use them and analyse/learn from the trends.

Thanks in anticipation.

Ananth

 

[linkon7]

Linkon GURUJI, :clap:

Can you please share with us the software that you use for plotting these graphs??

It would be really helpful for novice traders like us to use them and analyse/learn from the trends.

Thanks in anticipation.

Ananth

me--- the GURUJI....:lol:
thats funny. Nishikhant does all the hard work and provided the levels, i just showed how to use those levels. That's all we need : Entry, Target and the direction of the trend.

I use "amibroker". But you dont need any software to play this.

just follow the charts at yah oo. Just make sure you play the direction of the trend. and avoid taking a position when the ema line is flat.... and avoid holding a position when the trend is going against you...


http://finance.y ahoo.com/echarts?s=^NSEI#symbol=^NSEI;range=5d;compare=

 

[ananthsankaran]

Thats True sir.... you both do stupendous job and hats off to both of you and innumerable good souls @ Traderji.

One query though.. I read it in our Traderji community that the Yahoo Finance source feed is delayed by some 10-15 Mins... Is it true? If that is the case, then will that have any impact on we monitoring the trend and going by the same?

 

[linkon7]

Thats True sir.... you both do stupendous job and hats off to both of you and innumerable good souls @ Traderji.

One query though.. I read it in our Traderji community that the Yahoo Finance source feed is delayed by some 10-15 Mins... Is it true? If that is the case, then will that have any impact on we monitoring the trend and going by the same?

the delay is of 10-15 sec, i think... since i dont use it myself, i am not competent to comment on this... there are others here who can better guide us on which site provides good free interactive charts...

 

[avinashtiwari22]

I have noticed that many newbie out here are confused on how to play his predictions. There seems to be too many levels and is hard to convert into a trading plan. Ill show you how I play his levels

Homework : before I start trading based on his levels, plot the levels on the charts. So you know where to short / go long and where to cover.

Trading plan : I plot a 10 EMA (Exponential Moving Average) to have a sense of the trend. The Time frame is 5 min to reduce noise. The target is to go short when price falls below resistance level with a target of the next level. Or to go long from a support level to the next higher level. The EMA line is the direction guide. If it is flat, I dont take any position or If I have a position I try to exit it as soon as possible as price can go both ways. I want to go short only when the line is moving down. And go long when the line is going up. Doing the opposite, i.e. holding on to a long when the price is falling is a recipe for big losses. Never hope against hope. If a position is going bad, exit immediately. Dont let it go from bad to worse.

Lets look at todays (22.05.09) trade.

First an overview of what he predicted as support & resistance levels:

Trend decider : 4229

First support : 4204
Second support : 4167 (which can act as a bounce back level)
Third support : 4130
Fourth support : 4076 (this can act as a bounce back level)

First resistance : 4250
Second resistance : 4281
Third resistance : 4312

Overview of todays trade :
Global cues were bad. Nifty opened at 4193 below the trend decider ( 4229) and below the first support (4204) and gradually shot up to above 4229 levels. I avoided ride from 4204 to 4229 as the EMA was flat and the morning sentiments takes 20 min to die down.

From 10:15 to 11.00 : market was trading flat with a range of 4240 to 4220, so waited for the range to break on either direction. Finally broke down at 11:04 and shorted at 4218 with a immediate target of 4204 and a stop loss of 4229. My target of 4204 got hit at 11:14 and it bounced back.

From 11:14 to 11:30 : Nifty was threatening to break the 4204 mark and I waited and finally broke at 11:35. so I shorted at 4200 with a stop loss of 4229 and a target of 4167. At 12:10 my target got hit. And since it was predicted as a bounce back zone, I went long at 4170 with a target of 4204 and then 4250. 4250 got hit at 01:50
After that the ema trend line remained flat and directionless and hence no trade.


No. of Trades : 3
4218 to 4204 = 14 points
4200 to 4167 = 33 points
4170 to 4250 = 70 points

Hi,

First of all i would like to thanks Nishant for his accurate prediction of levels, u were spot on . Then i would like to congratulate Linkon for putting it into reality.

Nishant, Could you please share the Logic behind the Levels How you calculate it.

Regards,
Avinash:clap:

 

[Nishikant]

Secret Behind This Consistent Accurate Levels

Hi,

First of all i would like to thanks Nishant for his accurate prediction of levels, u were spot on . Then i would like to congratulate Linkon for putting it into reality.

Nishant, Could you please share the Logic behind the Levels How you calculate it.

Regards,
Avinash:clap:

HARI OM DEAR AVINASH :thumb:


THIS LEVELS ARE A PART OF FII GAME PLAN.


THEY ARE DERIVED USING GAAN ( GAAN MEDIAN ) & PIVOT POINTS, FIBO, ELLIOT WAVE, FOR WEEK OR MONTHLY ANALYSIS & YES GAAN SQUARE TABLE ALSO USED.


I HAVE A SOFTWARE, AND ALL THE ABOVE ANALYSIS IS MIXED UP AND PUT UP IN ONE PACKAGE AND THAT SOFTWARE GIVES THIS LEVELS THAT I MENTION AND THE DECIDED TREND BY THE FIIS IS ALSO REVEALED BY THIS SOFTWARE.




THATS THE REASON I MENTION, BOTH UPWARD VIEW AND DOWNWARD VIEW OF NIFTY FUTURES AND BANK NIFTY FUTURES.



"THE FII GAME PLAN IS TO USE ONE SIDE TREND" AND ONLY IN A MARKET WHERE NIFTY FUTURES MOVES UP AND DOWN IN A RANGE OF MORE THEN 300 POINTS, BOTH THE UPWARD VIEW AND DOWNWARD VIEW WORK.



OR ELSE DURING A NORMAL INTRADAY SESSION WHEREIN NIFTY FUTURES MOVES IN A RANGE OF 100 TO 150 POINTS, YOU WILL SEE ONLY THE UPWARD VIEW WORKING OR ONLY THE DOWNWARD VIEW HAPPENING.


I HOPE THIS INFORMATION WOULD BE SUFFICIENT.


TAKE CARE.



GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

 

[mayavi99]

Nishikant, you are doing a great job here for the benefit of all of us. Mere words are not sufficient to express my heart-felt thanks. Please keep it up.

 

[avinashtiwari22]

Re: Secret Behind This Consistent Accurate Levels

HARI OM DEAR AVINASH :thumb:


THIS LEVELS ARE A PART OF FII GAME PLAN.


THEY ARE DERIVED USING GAAN ( GAAN MEDIAN ) & PIVOT POINTS, FIBO, ELLIOT WAVE, FOR WEEK OR MONTHLY ANALYSIS & YES GAAN SQUARE TABLE ALSO USED.


I HAVE A SOFTWARE, AND ALL THE ABOVE ANALYSIS IS MIXED UP AND PUT UP IN ONE PACKAGE AND THAT SOFTWARE GIVES THIS LEVELS THAT I MENTION AND THE DECIDED TREND BY THE FIIS IS ALSO REVEALED BY THIS SOFTWARE.




THATS THE REASON I MENTION, BOTH UPWARD VIEW AND DOWNWARD VIEW OF NIFTY FUTURES AND BANK NIFTY FUTURES.



"THE FII GAME PLAN IS TO USE ONE SIDE TREND" AND ONLY IN A MARKET WHERE NIFTY FUTURES MOVES UP AND DOWN IN A RANGE OF MORE THEN 300 POINTS, BOTH THE UPWARD VIEW AND DOWNWARD VIEW WORK.



OR ELSE DURING A NORMAL INTRADAY SESSION WHEREIN NIFTY FUTURES MOVES IN A RANGE OF 100 TO 150 POINTS, YOU WILL SEE ONLY THE UPWARD VIEW WORKING OR ONLY THE DOWNWARD VIEW HAPPENING.


I HOPE THIS INFORMATION WOULD BE SUFFICIENT.


TAKE CARE.



GANPATI BAPPA MORYA


HARI OM



REGARDS,
NISHIKANT K. HADGE

Thanks Nishant,

For your much needed Explanation. Keep the good work coming.

Regards,
Avinash:clapping:

 

[Nishikant]

Hammer Formation On Weekly Charts Of Nifty Fut, Bearish Reversal And Its Meaning

HARI OM DEAR FRIENDS

VERY IMPORTANT: - ​

"ON THE WEEKLY CHARTS OF NIFTY FUTURES A HAMMER FORMATION IS VISIBLE. THE UPPER SHADOW OF THE HAMMER IS LONG"

THIS IS A SIGN OF BEARISH REVERSAL​

THE HAMMER CAN BE VISIBLE IN THE CHART ATTACHED ABOVE



HERE IS THE MEANING OF BEARISH REVERSAL WITH EXAMPLES:-



http://www.tradingpricepatterns.com/bearish-reversal/



ON THE DAILY CHARTS OF NIFTY FUTURES, THERE IS A BIG GAP THAT HAS REMAINED UNFILLED.

THE GAP IS EXPLAINED AS FOLLOWS:-​

THE LOW MADE ON 18-05-09 WAS 4053 AND THE PREVIOUS DAY ON 17-05-09 THE HIGH WAS 3699.



A GAP OF 354 POINTS TO BE FILLED.



IN CASE OF A DOWN FALL 4053 WILL ACT AS A STRONG SUPPORT AND A CLOSE BELOW 4053 WITH RED VOLUMES OR UNABLE TO TRADE ABOVE 4053, THEN A SHARP FALL EXPECTED.



BULLS ACTIVE ABOVE 4053 ONLY.



"THE GAP MENTIONED ABOVE IS VISIBLE AT THE CHART ATTACHED ABOVE"



I WILL BE POSTING THE WEEKLY TREND ANALYSIS OF NIFTY FUTURES A LITTLE WHILE LATER.



TILL THEN EVERYONE TAKE CARE.



GANPATI BAPPA MORYA



HARI OM




REGARDS,
NISHIKANT K. HADGE

 

[pra]

In Advance Get software use Tjs web indicator you can get tradeable pivot point and support & resistance level which is identical with nishikant's P,S & R level.

dear Nishi, keep it up for novice trader.

Happy trading
pra