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Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by Ajax DONT LOOK AT SPOT NIFTY IF U ARE A GAP TRADER.... ...


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  #1621  
Old 17th March 2008, 10:30 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Ajax View Post
DONT LOOK AT SPOT NIFTY IF U ARE A GAP TRADER....

iNDIAN NIFTY FOLLOWS GUIDELINES OF AMERICAN NIFTY.. WHERE NO MATTER WHAT'S TODAYS OPENING , IT HAS TO START FROM PREVIOUS CLOSING... YOU WILL NEVER FIND GAPS IN s&p NIFTY.....

RELY ON SENSEX OR NIFTY FUTURE

AJAX
Good advice as always,Ajax.......but could we turn off that Caps Lock please?

Thanx !

Saint
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  #1622  
Old 17th March 2008, 10:33 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Ajax View Post
DONT LOOK AT SPOT NIFTY IF U ARE A GAP TRADER....

iNDIAN NIFTY FOLLOWS GUIDELINES OF AMERICAN NIFTY.. WHERE NO MATTER WHAT'S TODAYS OPENING , IT HAS TO START FROM PREVIOUS CLOSING... YOU WILL NEVER FIND GAPS IN s&p NIFTY.....

RELY ON SENSEX OR NIFTY FUTURE

AJAX
Agreed Ajax!

Hence I look at the opening price of NIFTY as captured by Esignal on Hourly or lower periodicity chart. It shows the real open. On their daily chart ofcourse they show previous day close as next day open hence I never look at NIFTY EOD charts for candlestick patterns. Sensex gives the truer picture.

Regards,
--Ashish
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  #1623  
Old 17th March 2008, 10:34 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
hmm,doesn't show that on mine........but thanx anyway,Ashish

Saint
Always a pleasure Saint!
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  #1624  
Old 17th March 2008, 10:36 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Sensex at the psychological level of 15000. May prompt me to book profit in case there is a swift reversal or there are some bullish candle patterns.
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  #1625  
Old 17th March 2008, 10:36 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by Saint View Post
Good advice as always,Ajax.......but could we turn off that Caps Lock please?

Thanx !

Saint
ok saint,, i believe caps are rude.

regretted

ajax
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  #1626  
Old 17th March 2008, 10:41 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

I dont know much about advance wolfe waves but whatever i know and if that holds then there will be a low after 4 days and again we will be in bull market for sometime........
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  #1627  
Old 17th March 2008, 10:43 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Sensex at the psychological level of 15000. May prompt me to book profit in case there is a swift reversal or there are some bullish candle patterns.
Breached for the time being.
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  #1628  
Old 17th March 2008, 10:51 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by aca_trader View Post
Breached for the time being.
Exited trade as NIFTY Future went above the high of two dozi bars at this psychological level with Sensex appearing to make a pivot on 5-min chart here.
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  #1629  
Old 17th March 2008, 10:54 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Quote:
Originally Posted by robin_malihan View Post
I dont know much about advance wolfe waves but whatever i know and if that holds then there will be a low after 4 days and again we will be in bull market for sometime........
Hi Robin!

WW on which periodicity?
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  #1630  
Old 17th March 2008, 10:55 AM
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Default Re: Time to Stick my Neck Out ,Nifty 7300

Are postal savings earnings tax free?
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