friends iv been in th cash/capital market for a while now but want to slowly also trade the futures market i have some really basic question which have not been answered after reading the icici direct eduction section and other website, my questions mainly pertain to TA,
1)If I look at say (just a hypothetical eg) Infosys spot/cash chart and find it is in a downtrend, I decide to short by selling infosys futures.
a)do I need to look at the futures chart as well
b)why are there 3 futures charts on nseindia, (august, sept, oct)
c)if i need to look at the futures charts as well which one should I look at (aug ,sept, oct)?
2) As there are three charts are they
a)Different independent charts
b)Same chart with differnt time frames of one month each for eg each chart only shows respective month so if they're the same chart can i draw all three months back to back to get one continuous chart?
3)To decide to sell the infy futures should i check for a downtrend in the futures chart (again which one) or the cash chart?
4)In case they are 3 different independent charts how do i know whether to sell aug, sept or oct futures? My intention is to ride the downtrend as long as it lasts so i have no time frame?
would really appreciate you guys answers on this, even though they are simpe questions.
1)If I look at say (just a hypothetical eg) Infosys spot/cash chart and find it is in a downtrend, I decide to short by selling infosys futures.
a)do I need to look at the futures chart as well
b)why are there 3 futures charts on nseindia, (august, sept, oct)
c)if i need to look at the futures charts as well which one should I look at (aug ,sept, oct)?
2) As there are three charts are they
a)Different independent charts
b)Same chart with differnt time frames of one month each for eg each chart only shows respective month so if they're the same chart can i draw all three months back to back to get one continuous chart?
3)To decide to sell the infy futures should i check for a downtrend in the futures chart (again which one) or the cash chart?
4)In case they are 3 different independent charts how do i know whether to sell aug, sept or oct futures? My intention is to ride the downtrend as long as it lasts so i have no time frame?
would really appreciate you guys answers on this, even though they are simpe questions.