Nifty Futures Trading Part 2 (Positional)

[Czar]

Now we shall see the true colors of the market after the manipulative holding of the markets to eat option premiums is over....

 

[pkamalesh]

First support at 2737 TESTED(SPOT)....now waiting for 2711...

 

[praveen taneja]

Manufacturing output down to -0.2%, construction growth at 6.7%, mining growth at 5.3%, farm sector output down to -2.2%
Mkt coming down for this I dont expect a major fall now as mkt expecting Rtae cut n petrol price rate cut soon

 

[Czar]

27.10.08 was the day we hit 2252 today is 5 month anniv mkt seems to be celebrating it....

 

[milind]

My comment few days back about correlation between ES (S&P futures) and Nifty - it continues to correlate, but you have to track it for some time every day before you decide it is influencing for that day (and local factors are not dominating). After 1:30PM, I think Z (FTSE futures) have more effect. But all this is anecdotal and I have not done any statistical analysis.

The reason to bring it up today - ES just broke through a support at 750. Will have to wait some more to see if that breakdown is for good.

 

[Czar]

TL around 2690 spot...

 

[the tape]

short @ 2692. sl 2705

Reason: small pullbacks signal continuation

 

[the tape]

short @ 2692. sl 2705

Reason: small pullbacks signal continuation

2678 covered.

Reason : index down 70. not feeling great

 

[learn2trade08]

cz is that a bullish ww forming on 5 mins?
i can never figure out a ww....
thanks and all the best

 

[Czar]

L2T : Cant make out but its more of a parallel channel: 2675/2695....