Swing Trading for Nifty Futures

[sudris]

Hi,

I don't look at Spot for reference, as NF is either in Premium or Discount to Spot (at least I) cannot draw any relevance between them even though NF been a derivative of Spot Nifty.

So I look and write for any relevance in NF

As said NF above 5547 go for target of 5625

Bye

Hello,
although you have replied, I still couldn't find the answer to my query.
exactly the point but I interpret a bit differently. why not consider spot and get the precise levels when the futures contract just wanders in and around the spot .

I understand you refer to NF. fine no issues.

But to put it in simple terms, say NS has no gap but NF does for that particular session would you still pay importance to the gap in NF? and vice versa.

 

[kthakker0]

Hello,
although you have replied, I still couldn't find the answer to my query.
exactly the point but I interpret a bit differently. why not consider spot and get the precise levels when the futures contract just wanders in and around the spot .

I understand you refer to NF. fine no issues.

But to put it in simple terms, say NS has no gap but NF does for that particular session would you still pay importance to the gap in NF? and vice versa.

Hi,

NS is a culmination of multiple individual stocks OK! and all of them have different weight-age on NS, now when a number of those Nifty stocks open with or with out a gap (up or down) remember the weight-age factor, NS will have to take into account all the stocks under it's fold and then open with or with out a gap even though NF may open with or with out a gap

NF is a boy living on borrowed time (every last Thursday of the month) and Nifty Spot a responsible father. Now we have to catch the son not the father, we know father will always be there, it is the son whom we have to control (Our Finance) so the gap in NF is important

There are gaps in NS but not that much as NF gives us. This current rally has created 7 gaps in NF and 5 in NS. Gap in Spot gives confirmation regarding the trend (up / down) and NS levels coinciding with NF is just one more confirmation that's all

As regarding the levels, who control your finance NS or NF, NF trading in premium or discount is the actual the cream, skimmed by traders who have the least cost to trade NF, that's why few people make money and rest just enjoys the trading and end up loosing in the end, because they are always confused between the two.

If you ask my opinion I'll take into account the levels of that index / stock derivative that I trade because the life span of that derivative is minimum 1 month to max 3 months but the index / stock will continue for ever, that's why the last day close price of the stock / index derivative is not taken into consideration but its the next series same day close price.

Even the same derivative in two different series will trades with different parameters, and they hardly coincide with their parent.

All Derivatives live a short life and traders will make the most from that life in the given time span as they don't have time to waste.

I hope I have been able to help you.


Bye

 

[kthakker0]

16/02/2012 Thursday

Hi all,

At the time of this writing DOW was trading up 0.85% (110 points)

NF above 5547 will be in a new range of 5625-5547

So tomorrow we should see NF rally towards some resistance between 5566-5586 above which the target is between 5625-5656

What ever high NF prints above 5625 could be termed as the high for the rally before any correction could set in. But this is what I think so trade accordingly.

Bye

 

[kthakker0]

17/02/2012 Friday

Hi all,

As stated, any high price printed above 5625 by NF could be the high seems to be true as 5700 which could be our top for the rally whereas our forecasted area was 5703, so levels are reached as per the calculations.

US market should top-out next week which will be replicated else where as well.

Elliot Wave 4.25 Fibonacci level for Wave 3 is at 5740, which could be potential high level for NF during next week if US rises as forecasted.

Next week could be for consolidation where bulls could keep the market from falling at any cost so as to reap the last remaining benefits.


Bye

 

[kthakker0]

17/02/2012 Friday

Hi all,

Today' close above 5586 should see NF trading range between 5605-5645 on Monday

Monday's range is 5703-5547 and 5625 is the trend indicator

Bye

 

[kthakker0]

21/02/2012 Tuesday

Hi all,

Even after the Greece bail out new's NF opened below 5586 which suggest's that cracks may be seen sooner then later and will widen if we get any creditable negative news, market is more then burden by it's own weight which was evident on Friday when most of the trading was below 5625.

5605-5645 is the trading range for today and 5625 an important indicator

Bye

 

[kthakker0]

21/02/2012 Tuesday

Hi all,

For traders who track weekly levels...

NF previous week ranged between 5700-5368 is +330 and the Fib levels are
79.0 = 5630
61.8 = 5573 Opening was 5571 & Closing below 5586 will show cracks
50.0 = 5535
38.2 = 5495
23.0 = 5445

Bye

 

[kthakker0]

21/02/2012 Tuesday

Hi all,


When too much noise is made about Greece it becomes obvious to ask that, is it worth so much noise, or is it something else that is been hidden behind it, which is too grave to change things drastically across the continents.

Politicians are like magician who make you look in one direction while taking care of something in other direction.

Why is Greece so important to bail out even though, we have read that it has gone back on its previous promises and on top of it lenders are writing off 53.5% on the debt and the bonds holders are ready to forgo profits on their investment which matures in 2021 and to top it people are still skeptical about its revival.

No financial savvy individual / hedge fund / fund house will accept the above conditions unless something more terrible in nature is been taken care off on the other side.

This is confirmed by European market which is and may have opened in red.


Bye.

 

[kthakker0]

21/02/2012 Tuesday

Hi all,

Today's high not topping above 5640 will cap tomorrow's high at 5625 and 5586 as the sentiment indicator.

Bye

 

[kthakker0]

22/02/2012 Wednesday

Hi all,

For last 2 day's we are opening below previous day's CP

Today's range is 5625-5547 with 5586 as trend indicator

Bye