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.

Tags:
Page 4 of 8
  1. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    I feel nifty has a very strong resistance at 5850 levels.. And looking at the turn that nifty took post 5600 without much consolidation, I feel that nifty will not cross 5850 and it will start moving downwards now.. We are still in a bearish trend very much.. Last two days rally is just a relief rally and could also be a bull trap for a retail investors..
     
    vishuhd1, Jun 29, 2013
    Share #61
  2. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Made some decent money.... nifty will pullback soon ... will re-enter if it move back from consolidation ... now ready to take short postion if indicators support .....
     
    krasquinha, Jul 1, 2013
    Share #62
  3. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Party time. :cheers:
     
    shabbir, Jul 2, 2013
    Share #63
  4. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    As said Nifty pulled back ....Go long if nifty holds this level ... surely it will cross 6050 ...6350 level ....
     
    krasquinha, Jul 3, 2013
    Share #64
  5. chequesuraj

    chequesuraj Member

    Joined:
    May 3, 2012
    Messages:
    104
    Likes Received:
    8
    Dear Kiran,

    5750 or 5700 level??? or 5780...

    how you calculate target levels? 6050 or....
     
    Last edited: Jul 3, 2013
    chequesuraj, Jul 3, 2013
    Share #65
  6. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    5750 level ....
     
    krasquinha, Jul 3, 2013
    Share #66
  7. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Nifty closed at 5836 ... hoping to touch 6050 and again little pullback ... added position when it was trading at 5760 .... Happy trading ..
     
    krasquinha, Jul 4, 2013
    Share #67
    shabbir likes this.
  8. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    Exited the trade with good profit ... nifty is directionless now ... waiting for some movement in either directions ..... Please comment .....
     
    krasquinha, Jul 5, 2013
    Share #68
  9. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Exactly
     
    shabbir, Jul 6, 2013
    Share #69
  10. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    5750 looks to be very important level
     
    sainath85, Jul 8, 2013
    Share #70
  11. vishuhd1

    vishuhd1 Member

    Joined:
    Sep 1, 2012
    Messages:
    214
    Likes Received:
    15
    Occupation:
    Software Engineer in IBM, Bangalore
    Agree with you on this.. For day traders/very short term traders, the more important level is 5765 rather..
     
    vishuhd1, Jul 8, 2013
    Share #71
  12. paulmathewmac

    paulmathewmac New Member

    Joined:
    May 1, 2012
    Messages:
    21
    Likes Received:
    1
    Regarding the discussion on whether one should trade in indices or stocks, my view is, if you know how to trade well using technical / fundamental studies, you will make a profit in both. if you don't, you'll end up the loser.

    Hope everyone trades well.
     
    paulmathewmac, Jul 8, 2013
    Share #72
    shabbir likes this.
  13. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    I started this thread for trading in futures but for the past few months only trading in options. Though i made some money with 75% accuracy, options are very dangerous
     
    sainath85, Jul 8, 2013
    Share #73
    shabbir likes this.
  14. krasquinha

    krasquinha Member

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

    Do you follow the indicator like stoc, rsi and adx ? need your expert guidance.

    I believe nifty will bounce back tomorrow .. target 6050 ...

    Regards,
    Kiran
     
    krasquinha, Jul 16, 2013
    Share #74
  15. paulmathewmac

    paulmathewmac New Member

    Joined:
    May 1, 2012
    Messages:
    21
    Likes Received:
    1
    Is that just a guess or are there reasons for you to believe Nifty will bounce?
     
    paulmathewmac, Jul 16, 2013
    Share #75
  16. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    I use Shabbir's strategy coupled with MACD. It is very difficult to predict what would be today's target. It is all based on the news and momentum. News on favorable FDI and weak global/asian cues will play role.
     
    sainath85, Jul 17, 2013
    Share #76
  17. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    I too have these questions. He sounds very confident- may be because of FDI news
     
    sainath85, Jul 17, 2013
    Share #77
  18. paulmathewmac

    paulmathewmac New Member

    Joined:
    May 1, 2012
    Messages:
    21
    Likes Received:
    1
    Which strategy of Shabbir's? (Any way, you seem to have been proved right!!)
     
    paulmathewmac, Jul 17, 2013
    Share #78
  19. sainath85

    sainath85 Member

    Joined:
    Nov 19, 2012
    Messages:
    148
    Likes Received:
    15
    Occupation:
    Business Development
    Shabbir's book, just tweaked to my liking and applied on options
     
    sainath85, Jul 17, 2013
    Share #79
  20. krasquinha

    krasquinha Member

    Joined:
    Jun 3, 2012
    Messages:
    199
    Likes Received:
    7
    So you use support and resistance and MCAD for confirmation ??? Or do you use any other tool ?

    Regards,
    Kiran
     
    krasquinha, Jul 17, 2013
    Share #80
Page 4 of 8