Nifty futures trading

Dear Friends,

Are there members who trade frequently in Nifty futures (daily, weekly- positional) ?? If yes, then pls post in this thread on regular basis so that members can learn from each other and be successful in trading.

My background- I started my career as equity researcher- fundamental analysis covering Indian banking sector. I have now moved to a strategy type role, so have some time to learn technical analysis and trade nifty futures.

Pls post all discussions on Nifty in this thread so that we can minimize the trouble of checking each page in this forum. Do share your views. Thanks

 

What do you guys make out of todays sudden Nifty rise of 40 odd points? Does this mean uptrend is about to begin or is this the usual bull trap?

 

I somehow feel that Nifty trading is gambling. It's index of many stocks, so doesn't really have it's own candle as such. It's result.
y=f(x)
y=nifty
x=index stocks
So better to trade on stocks where we can identify the momentum.

cheerS!

 

@ Kamar..dont you think individual stocks have higher chance of getting manipulated than Nifty?

@ Shabbir- thanks. Could you give us an idea of how to read options data to know the Nifty trend?

 

I thinks yesterdays 40 points jump was due to short coverings in derevatives. Nifty had 7-8 sesion in red and some good shorting oppurtunities were there in past month.
Short covering towards the end must taken nifty to high.
2- 3 more flats sesions and then the Nifty trend will be more clear.

Regards
Veren

 

i could not trade today because of too much work in office. Though Nifty ended 21+ points up, it is still unclear to decide on the trend.

 

Markets up again today, now at 5748. Since it has not crossed 5500 should we change the support levels now?

 

Nifty closed 75+ points down..it was quite surprising; i think if it breaks 5635 then it is headed to 5550

 

wow..market now at 5575. What do you guys think now? If it goes down 5550 then next support would be 5225. If it hovers around 5550 and picks up, then resistance at 5730 and then at 5950.

 

so would the support now would be 5550 and 5225?

 

I am now bit worried that nifty went below till 5537 and bounced back and now trading at 5559, just a shade above the important support of 5550.. So, I guess we need to wait for few more trading sessions next week to confirm the nifty making the base...
Shabbir can comment more on this..

 

buy signals for nifty

 

Sainath,
Can you clarify as to how did you get the buy signals?...

According to me, if the Nifty opens and closes well below 5930 on 2nd May, it could be a trend reversal sign.. So, I just wanted to know what made you to get the BUY signals..

 

My strategy is based on EMA and it is showing buy signals. Pls note that i am not taking any positions and i am just testing (paper testing) my strategy.
Buy NIFTY Futures June Or July Series