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Nifty futures trading

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

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  1. sainath85

    sainath85 Member

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    Yes, and also Exponential moving average crossovers. At the end of the day, trading is a mix of both science and art.
     
    sainath85, Jul 17, 2013
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  2. krasquinha

    krasquinha Member

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    Thanks Sainath.
     
    krasquinha, Jul 17, 2013
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  3. vishuhd1

    vishuhd1 Member

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    Nifty today touched an important level of 6050.. I guess we can expect a slight pull back from this level in next few trading sessions.. It is advisable to unwind all the long positions at this stage.. Trade with caution if you are going long from now onwards..
     
    vishuhd1, Jul 18, 2013
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  4. sainath85

    sainath85 Member

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    THis is a clear trap. IIP nos are low, consumer inflation is still high, Govt policy (food security) is a big joke, even hdfc bank posting .3% net npa, rbi maintaining high interest rates, rupee is very weak.. Despite this Nifty is above 6000. Wow...how bad the reversal trend would be?
     
    sainath85, Jul 18, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    Or this is just short covering.
     
    shabbir, Jul 18, 2013
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  6. sainath85

    sainath85 Member

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    @shabbir I think mix of both. I feel markets have reached their resistance level, will look forward to 5700 in August. What is your view?
     
    Last edited by a moderator: Jul 16, 2017
    sainath85, Jul 19, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Last edited: Jul 16, 2017
    shabbir, Jul 20, 2013
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  8. sainath85

    sainath85 Member

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    @shabbir now that markets are below 6000, what is your view going forward?
     
    Last edited by a moderator: Jul 16, 2017
    sainath85, Jul 24, 2013
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  9. chequesuraj

    chequesuraj Member

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    : : EXPIRY DAY OBSERVATIONS : :

    Market operators OR SHORT covering may put false uptrend for tomorrow for JULY expiry day...keep a EYE on it at around 2 to 3.15 pm time period...
     
    chequesuraj, Jul 24, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    Last edited: Jul 16, 2017
    shabbir, Jul 24, 2013
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  11. chequesuraj

    chequesuraj Member

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    JULY EXPIRY was not as expected...sorry I was wrong on my views...

    I squared off my position of NIFTY 6000 CE @ loss ;( as it was not favoring a risk reward ratio plus stop loss got triggered...
     
    chequesuraj, Jul 25, 2013
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  12. sainath85

    sainath85 Member

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    no worries suraj. Hope you recover your losses in August
     
    sainath85, Jul 25, 2013
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  13. sainath85

    sainath85 Member

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    Looks like NIFTY will go down to 5750 now
     
    sainath85, Jul 25, 2013
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  14. saptarshi_sachin

    saptarshi_sachin Responder

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    Hi Sainath,

    Why are you saying so? How do you justify this ?
     
    saptarshi_sachin, Jul 26, 2013
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  15. sainath85

    sainath85 Member

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    According to me charts look weak. 5750 looks like first support for NIFTY. If Global markets are weak today and RBI is not supportive to growth you may see NIFTY around 5750 today.
     
    sainath85, Jul 30, 2013
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  16. sainath85

    sainath85 Member

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    @shabbir Despite global markets in green and status quo RBI policy (though they downgraded GDP figure), NIFTY looks so weak..as i am typing its around 5790. I feel this is real concern. What are your views looking at NIFTY chart?
     
    Last edited by a moderator: Jul 16, 2017
    sainath85, Jul 30, 2013
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  17. shabbir

    shabbir Administrator Staff Member

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    No Long positions at around 6k. Short in spikes and long only in leg up.
     
    shabbir, Jul 30, 2013
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  18. sainath85

    sainath85 Member

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    +++ Rupee at 60+
    5750 target achieved today. If one is an high risk trader, i feel one can buy nifty at these levels. I will not, as i would wait for few more trading sessions to understand the trend.
     
    sainath85, Jul 30, 2013
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  19. sainath85

    sainath85 Member

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    @shabbir which indicator should i use to know whether there has been heavy selling volumes or markets are down on lower volumes.?
     
    Last edited by a moderator: Jul 16, 2017
    sainath85, Jul 30, 2013
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  20. shabbir

    shabbir Administrator Staff Member

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    Volumes but then it is not the market for long traders as of now and so avoid or go short in spike. Instead of going long wait for the spike to short it.
     
    Last edited: Jul 16, 2017
    shabbir, Jul 30, 2013
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