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Nifty 2017

Discuss Nifty 2017 at the Derivatives within the Traderji.com; Hi All, This is a yearly thread (Jan - Dec 2017). I am discontinuing my ...


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  #1  
Old 30th December 2016, 02:17 PM
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Arrow Nifty 2017

Hi All,
This is a yearly thread (Jan - Dec 2017). I am discontinuing my earlier Nifty thread as I am trying to bring in some pattern to my postings on Nifty. On this thread, I will post:
  1. My View on Nifty for Next week. This post will be done on weekend, with charts. There will be no calls or recommendations, but purely technical views and might show my bias up-to some extent for next week in advance. How you trade it’s your call. I will try to post my view on all the weekends, but exceptions may exist.
  2. I will keep on posting my completed orders once those are close. But will not be able declare when I entered a position, due to compliance issue
  3. I will keep on updating that excel (Nifty 200 Points per month) as the year progresses. Purely for this thread, I am keeping aside 1 Lakh and will start with just 1 lot in Nifty (starting).


Good Luck to All !! Wish you a Very Happy New Year in Advance!!

Last edited by Tuna; 30th December 2016 at 02:27 PM.
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  #2  
Old 30th December 2016, 02:22 PM
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Default Re: Nifty 2017

Wishing you Good Luck & Happy New Year 2017!
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  #3  
Old 30th December 2016, 02:22 PM
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Default Re: Nifty 2017

HAPPY NEW YEAR Tuna brother Thankyou.
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  #4  
Old 30th December 2016, 09:52 PM
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Default Re: Nifty 2017

On all our Weekend analysis the lowest TF will be hourly and highest Weekly.All Levels on Nifty Spot unless mentioned otherwise.



Status # Last week of Dec 2016


Lets start with a quick wrap up of last week at lower timeframe, before we look forward to new year. As per Weekly Pivot Point Confluence 7890-7905 was a strong support zone.



The reversal gave the first indication on Hourly Chart and sustained till expiry inspite of a rejection on 20 DEMA (Fool's system), a day before expiry.




Lets have a look at the Weekly Pivot for next-week (1st week of New Year):

To me->
  • Resistence: 8270 / 8290 (Confluence Zone)
  • Pivot point : 8092 to 8112 (Confluence Zone)
  • Support : 7970-7990 (Confluence Zone)

So the candle supposed to be restricted between these limits (yes very wide, but it depends on what was the length of last week's candle)

Now lets start with Weekly Chart (EMAs, Yellow -100, Violet -50, Indigo-20, Supertrend)

Last week we did a Whipsaw of 100 EMA level on weekly,now facing an immidiate dynamic resistence on 50 DEMA on weekly



Lets get into Daily:

We had a supertrend crossover today



But on EMA chart daily we have multiple monsters' barrier at 50,200 and finally 100 EMA, expect lots of grinding around this place unless we can Gap up all these with some real postive news from our PM on 31st Dec

(EMAs, Yellow -100, Violet -50, Indigo-20, Red - 200)



Now for the optimistis, if we get 100% Fib retracement (of recent weekly high), how much up we can go



Finally, back to same hourly one - focus on the red circle below (on CCI). Do we suspect a bearish crossover back on 34EMA, CCI - but even if that happens, remember the EDGE # 2.. Early Birds Gets the Worm..



You got the 360 degree view for next week & You got the Pivot. Now call your shots when you get your levels. See you all next week back on this thread.

Good Night !!
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  #5  
Old 1st January 2017, 09:54 AM
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Default Re: Nifty 2017

Quote:
Originally Posted by Tuna View Post
Need Help # With Backtesting (Multi TF)

Guys,
Happy New Year !! My new year resolution is to shed a part of my stubborness (fully not possible in this lifetime, I guess) in my personal life and as well as in trading life.

So, I am starting my new year post with something - which I always hated on trading --> Technical Back testing.

I am doing it, but got a problem with data as it is a Multi-timeframe system (On Index, I am on Nifty only though)

So, I need some help if any of you have a platform with 1-2 years of Nifty data and allowing you to test the setup, which requires feed on Daily , 60 mins and 15 mins and 5 mins

I already got enough visual clues, tested a bit on my paid platforms (which sucks) but result is not bad. But I need something more roboust proof.

Generally, I do all my checking with visual cues, but it is becoming difficult for MTF.

Indicators required STI, BB


So one of you can do it, let me know. I shall let you know what is the game plan.
Posting here as well to catch max eyeballs.
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Old 1st January 2017, 09:20 PM
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Default Re: Nifty 2017

Sorry, was for the BTS thread.

Last edited by Tuna; 1st January 2017 at 09:27 PM.
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Old 2nd January 2017, 08:02 PM
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Default Re: Nifty 2017

The single lot Nifty trade (exclusively for this thread) to meet the 200 point game per month.

Opened my account on the day # 1 of the new year. With 33 odd points, TSL was hit, was up some 60 odd points at some point. Was supposed to be a positional trade (overnight) otherwise.


200 - 33 = 167 point to go for Jan.





P.S- Does not mean I am trading with only 1 lot in Nifty. This 1 Lakh & 1 Lot posting only for this thread as I posted that I kept 1 Lakh separated for this one. The purpose of the thread is to encourage the losing traders to take baby steps to towards bigger profits, with lapsing time, with increasing knowledge.

Last edited by Tuna; 2nd January 2017 at 08:07 PM. Reason: Typo corrected
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  #8  
Old 2nd January 2017, 09:33 PM
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Default Re: Nifty 2017

Anyone following my way of trading - 1 Question:

If you followed my last weekend post, at what level you would have traded today and why? Consider you have a lot size of 10 (X 75) and target is 16 pips and you want to get in and get out in the fastest possible way.
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  #9  
Old 3rd January 2017, 02:59 PM
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Default Re: Nifty 2017

On 3 Minutes NF chart

09:27 hrs SHORT around 8180 / Cover 8164 / 09:33
10:30 hrs SHORT around 8170 / Cover 8154 / 10:51

13:00 hrs LONG around 8170 / Square 8186 / 13:36 (or Previous day High, 3208 / 14:15)

Another possible one (can skip this, as trend maybe turning)
12:00 noon SHORT around 8170

Thanks


Happy

Last edited by Happy_Singh; 3rd January 2017 at 03:08 PM.
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  #10  
Old 3rd January 2017, 05:30 PM
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Default Re: Nifty 2017

Quote:
Originally Posted by Happy_Singh View Post
On 3 Minutes NF chart

09:27 hrs SHORT around 8180 / Cover 8164 / 09:33
10:30 hrs SHORT around 8170 / Cover 8154 / 10:51

13:00 hrs LONG around 8170 / Square 8186 / 13:36 (or Previous day High, 3208 / 14:15)

Another possible one (can skip this, as trend maybe turning)
12:00 noon SHORT around 8170

Thanks


Happy


I was expecting that popular answer will be shorts. But I will tell you what I did , both on this single lot thread and my other mutilot one (which I am not posting anymore)

Get the Camarilla Pivot based on last Friday' close. The L4 was around 8140 on Nifty Spot if I am not wrong.

Price failed to breakdown that level and it was a extremely low risk trade for huge lot size and I tool that.

Always remember ( this is my version of using Camarilla) if Price goes above L1 and failed to sustain , it is low risk short and price goes below L4 and fails to sustain it is low risk long. Very good contra on that lower TF.

These are rare but don't miss it.

In case of breakdown of L4 or L1 follow the tradition of going with the trend.

Now check the chart , you will see what I meant and why I had a near perfect entry on Long.


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