1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Nifty futures trading

Discussion in 'Technical Analysis' started by sainath85, Mar 28, 2013.

  1. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    @ Shabbir.. for one moment today, Nifty was below 5500.. looks very scary. It has now pulled back to 5519. Should it stablise around these levels, is it time to buy?
     
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    If it is time to buy or not that chart should be telling and so I would wait for those levels to be not breached and consolidate.
     
    sainath85 likes this.
  3. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    @shabbir- Where can i find 5/30/60 min charts of Nifty?
     
    Last edited by a moderator: Jul 16, 2017
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Google
     
    Last edited: Jul 16, 2017
  5. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    Thanks Shabbir- i found this link http://www.google.com/finance?cid=207437
    Could you please tell me how to adjust this for minutes chart. I am also using NOW nse platform charts it gives only 1 min chart.
     
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    I see the option to adjust time on the chart itself.
     
  7. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    hmm..it shows 2min as default options. will try again. thanks for the help
     
  8. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    Markets below 5000 by March 2014?
     
  9. masihpatel

    masihpatel Active Member

    Joined:
    Jun 2, 2012
    Messages:
    325
    Likes Received:
    49
    :scared:today is bad day
     
  10. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Nifty manages to close above 5500. Dollar hits all time high yet again.
    Everything got battered, what is happening ???
     
  11. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Market is testing reality.
     
  12. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Ohh BTW I think there was a long trap to 5750 and so don't expect 5500 to hold for the good and wait for it to hold significantly for few days or weeks.
     
  13. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Thanks Shabbir da for this input - "wait for it to hold significantly for few days or weeks." As you say it, indeed it was a trap to 5750 :D
     
    shabbir likes this.
  14. m_padmakumar

    m_padmakumar Member

    Joined:
    Jun 22, 2012
    Messages:
    119
    Likes Received:
    5
    Nifty has gone below 5477. What will be the next support? can we say 5216?

    Thanks
     
  15. chequesuraj

    chequesuraj Member

    Joined:
    May 3, 2012
    Messages:
    104
    Likes Received:
    8
    On Nifty chart seems to have supports at 5400 and 5200 levels on weekly chart and on daily chart 5400 / 5300 / 5200 levels... it general outlook...

    But if Nifty breaches 5400 level then I feel 5200 is good support NOT have any signs of solid support at 5300 levels...

    currently markets is like gone with the wind... on Dollar getting stronger against rupees day by day... ;(
     
  16. saptarshi_sachin

    saptarshi_sachin Responder

    Joined:
    Jul 20, 2013
    Messages:
    285
    Likes Received:
    73
    Shabbir da .....

    Want your comments out here.
    Nifty support of 5480/5440 both are broken. Where is the next support ?
     
  17. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    How does that matter unless you are shorting for a target. Let the fall get to the support levels and form a support.
     
  18. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Hi Shabbir,

    There is a divergence in Nifty daily chart. If it Breaks 5520 on daily closing basis then expect to move to next level 5750 and then 6100.

    But seeing the Rupee slide not sure what is going to happen.

    Please share your opinion.

    Regards,
    Kiran
     

    Attached Files:

  19. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,703
    Likes Received:
    1,940
    Avoid if there is any confusion because not loosing money is better than anything. I think there is a long trap and so keeping out is best option.
     
  20. chequesuraj

    chequesuraj Member

    Joined:
    May 3, 2012
    Messages:
    104
    Likes Received:
    8
    If its long trap so is it best option to SHORT on higher levels to counter the long trap...

    ;)