Nifty Futures Weekly And Intraday Analysis Trend Report

[anandraos]

all technicals has been violated. no trend is there. 14 week of straight rise being terminated, dips no longer being bought aggressively, many mid caps and small caps losing 10%-15% in a single day, crude stabilizing around the 70$ mark, huge fiscal deficit that has to be addressed in this budget

 

[WOD]

The only thing that kept us going was momentum. Every dip was being bought and that strategy proved very successful for the past 3 months. The last 100 points dash coincided with the announcement of RIL going to supreme court. The fall started with RIL losing the verdict.

But certain things worry me, like dollar going up, FII being on the net sell side for the whole week, the proposal to set a lock in period for FII participation, no major roll over for the next series, very bad market advance decline ratio, the huge gap from 3700 to 4050 that is yet to be filled, 14 week of straight rise being terminated, dips no longer being bought aggressively, many mid caps and small caps losing 10%-15% in a single day, crude stabilizing around the 70$ mark, huge fiscal deficit that has to be addressed in this budget, nifty going free float from 26th....

The huge cash waiting to be deployed seems to wait for the above mentioned worries to subside before they deploy their money.

So if the momentum on the upside is over, then very little reason remains to buy so high....

Then again, market has a mind of its own and there is no point in speculating. Just when every one was thinking that we would test the 4100 levels, we get a huge 100 points surge in the last hour of the week, forcing everyone to re-think their outlook towards the market....

Exactely, there is no point in speculating...Swing trading has become lot more difficult since past 2-3 weeks (you never know what way market will turn and will takeout your stop loss before turning back huge way)......

All the factors you are worring about hardly worries FII's (they can turn most of those factors in matter of few days, some being out of their control)

What I have seen last 4 weeks is that, all technicals has been violated (most of the times chart patterns behaves completely in different way)......so how much TA would be helpful in these present market conditions is doubtful...

I would rather not trade on monday, tuesday and watch the market direction from sideline.....For that we would have a trend established in coming two weeks....But question is if we have patience to wait for that two weeks......

 

[praveen taneja]

Not so good day for trading for me; rather was a bad day.

Lost 60 points today in five trades

Thinks like I have got lot to learn in the markets.

Pravin, SM, I think we can never predict the market (never ever) especially gap ups or gap downs. For that, If we could predict that then we all would become millionare (in $)...

Also, what I have realized is that, skill of flowing with the markets comes from a great experience. For me tukka never works and hence I am still struggling in the market.

But hey, I want to see how long, how long I am being kept away from the success.

Sorry Nishikant, but your excellent levels can not do much for someone who has just entered in the market.....but good new is, because of your levels I have learned to take small losses and almost hav forgotten about making profit but to stay into market.....For that I am making breakeven points most of the times nowdays rather than making huge losses like previous....

:thumb:dont worry bro cheer up
your two mistake i marked in ur post

never trade after 3 consecutive losses and on Tukka dont know about others for me it is working effectively for the last two decades around:clap:
try to trade when u have confidence in trade one or two trade in a day enough instead of making small gain search good trade
Make at least a family of 5 stocks to watch and keep watch are they worth of remaining there I mean paying u or not hahahah
I hate Gharjamai Khata bhi hai or:rofl::rofl:

 

[MurAtt]

Nishikant bhai -- Hope u don't mind me posting this here (cross-posting)BUT is for the good of all the ppl (especially the newbies trying to learn) :

Please visit the thread : Nifty Futures Trading (not much avtivity there as of now). READ through THE WHOLE THREAD and there u will find a lot of ideas, materials to learn, traing psychologies and what not ....

There you will (As what Saint has said) LEARN TO FISH ....

Hope this helps al the newbies ....

P.S. : N bhai, if u feel I have posted wrong (cross-posting), do tell and I will delete the post.

 

[alobnok]

Not so good day for trading for me; rather was a bad day.

Lost 60 points today in five trades

Thinks like I have got lot to learn in the markets.

Pravin, SM, I think we can never predict the market (never ever) especially gap ups or gap downs. For that, If we could predict that then we all would become millionare (in $)...

Also, what I have realized is that, skill of flowing with the markets comes from a great experience. For me tukka never works and hence I am still struggling in the market.

But hey, I want to see how long, how long I am being kept away from the success.

Sorry Nishikant, but your excellent levels can not do much for someone who has just entered in the market.....but good new is, because of your levels I have learned to take small losses and almost hav forgotten about making profit but to stay into market.....For that I am making breakeven points most of the times nowdays rather than making huge losses like previous....

Same here WOD bhai,

Have burnt my fingers (probably hand) badly in this upmove and am trying to atleast get back to break even point. I always thought that the market is was nearly 50% up at 3600 and then it wont go up and was shocked to see the circuit opening. . Yes and i would also like to thank Nishikant bhai for all the effort he is putting and helping us.

Anyways best of luck to you WOD bhai

Vikas

 

[Nishikant]

FII DATA AS ON 19th JUNE 2009

HARI OM DEAR FRIENDS :thumb:


I HAVE ATTACHED A WORD FILE TO THIS POST.


KINDLY DOWNLOAD IT. THE FII GROSS PURCHASE AND GROSS SALE DATA IS PROVIDED IN THE WORD FILE.



INSPITE OF THE LAST HOUR BOUNCE BACK YESTERDAY, THE FII'S HAVE BEEN NET SELLERS AS WE CAN SEE IN THE ATTACHED WORD FILE.


SO I WASN'T WRONG ABOUT THE LAST HOUR SPURT THAT WE SAW DURING YESTERDAYS CLOSING BELL.



IT WAS A SPECULATIVE MOVE BY THE FIIS.



GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

 

[WOD]

Nishikant bhai -- Hope u don't mind me posting this here (cross-posting)BUT is for the good of all the ppl (especially the newbies trying to learn) :

Please visit the thread : Nifty Futures Trading (not much avtivity there as of now). READ through THE WHOLE THREAD and there u will find a lot of ideas, materials to learn, traing psychologies and what not ....

There you will (As what Saint has said) LEARN TO FISH ....

Hope this helps al the newbies ....

P.S. : N bhai, if u feel I have posted wrong (cross-posting), do tell and I will delete the post.

Hi SM bhai....

I have gone through Saint's *teach a man to fish* compilation. Very nice compilation indeed. I have learned many of things from their but still something is missing and I am trying to figure that out. But as I previously said, market is really not following technicals since few days and that's what my main concern is...

 

[alobnok]

Re: FII DATA AS ON 19th JUNE 2009

HARI OM DEAR FRIENDS :thumb:


I HAVE ATTACHED A WORD FILE TO THIS POST.


KINDLY DOWNLOAD IT. THE FII GROSS PURCHASE AND GROSS SALE DATA IS PROVIDED IN THE WORD FILE.



INSPITE OF THE LAST HOUR BOUNCE BACK YESTERDAY, THE FII'S HAVE BEEN NET SELLERS AS WE CAN SEE IN THE ATTACHED WORD FILE.


SO I WASN'T WRONG ABOUT THE LAST HOUR SPURT THAT WE SAW DURING YESTERDAYS CLOSING BELL.



IT WAS A SPECULATIVE MOVE BY THE FIIS.



GANPATI BAPPA MORYA


HARI OM


REGARDS,
NISHIKANT K. HADGE

Hari Om Nishikant Bhai,

So is it a directionless trade that the FII's have performed just to check the mood of the market or is there any real meat in the upmove?? Also can you please point a few levels which if broken can be the deciders for the whole upmove or the downmove. I know you give those for the day, but somethings to remember and reverse trades on and book losses if at all we are in.

I am also curious whether the pivot based trading methods preached in some of the threads can be used with the levels that you point to?? I know there are loads of questions, but please clarify on some of them if you have the time.

Regards

Vikas

 

[WOD]

Re: FII DATA AS ON 19th JUNE 2009

Hari Om Nishikant Bhai,

So is it a directionless trade that the FII's have performed just to check the mood of the market or is there any real meat in the upmove?? Also can you please point a few levels which if broken can be the deciders for the whole upmove or the downmove. I know you give those for the day, but somethings to remember and reverse trades on and book losses if at all we are in.

I am also curious whether the pivot based trading methods preached in some of the threads can be used with the levels that you point to?? I know there are loads of questions, but please clarify on some of them if you have the time.

Regards

Vikas

I am using pivot based trading system with Nishikants levels....Somtimes thats has been useful for me and some times it doesn't (going with breakeven since 3 weeks)....

Anyways, even if you have best of the trading system, excellent level by Nishikant, there is something, something we are missing while trading....what is that, lets try to find out that and we would be on our way of success.....

 

[Nishikant]

Views Differ From Person To Person

HARI OM DEAR FRIENDS :thumb:


TECHNICAL ANALYSIS (T.A) IS A HUGE OCEAN TO EXPLORE.



YOU LEARN SOMETHING NEW AND THAT SUBJECT TAKES YOU MORE DEEPER IN IT.



NO ONE CAN LEARN T.A. BY JUST READING A SINGLE PDF FILE CONTRIBUTED TO THIS COMMUNITY BY SOMEONE WHO HAS A NOBLE CAUSE FOR OTHERS. YOU HAVE TO WORK HARDER BY GATHERING INFORMATION FROM VARIOUS SOURCES.



SO WOD BHAI, IF YOU FEEL THAT A PARTICULAR PDF FILE IS STILL MISSING SOMETHING IN IT, THEN I WOULD SAY THAT YOU ARE TRYING TO MASTER T.A. MORE EFFECTIVELY. KEEP IT UP. GOD BLESS YOU. :thumb:



JUST GO TO GOOGLE.COM AND TYPE MOVING AVERAGES OR TYPE ELLIOT WAVE IN THE SEARCH BOX, YOU WILL GET A THOUSANDS OF LINKS AND AT EVERY LINK YOU CLICK, YOU WILL GET TO LEARN SOMETHING NEW.



MURTUZA BHAI, I STARTED LEARNING T.A. FROM ANGEL BROKING. I ATTENTED A TWO DAY WORKSHOP BY MR. SAMEER WAGLE, AND LATER I HAD BEEN USING SEARCH ENGINES, AND STARTED READING BOOKS AND FOUND TRADERJI.COM TO LEARN MORE ABOUT T.A.



TRADERJI.COM OFFERS YOU A PLATFORM TO LEARN & UNDERSTAND T.A. BUT YOU YOUR SELF HAVE TO STRIVE HARD BY SPENDING TIME AT WEBSITES AND HAVE TO READ DIFFERENT TYPES OF BOOKS TO GET MORE KNOWLEDGE OF T.A.



THIS IS MY ADVISE TO ALL BEGINNERS AND TO ALL ASPIRING TECHNICAL ANALYSTS AS WELL AS TO THE SENIOR TECHNICAL ANALYSTS WHO ARE CURRENTLY A PART OF TRADERJI.COM



YOU CAN IGNORE MY ADVISE AND CHOOSE YOUR PATH. MAY THE BEST BE WITH YOU.



REGARDS,
NISHIKANT K. HADGE