Nifty Futures Trading

SavantGarde · #**2651** 28th March 2008, 05:36 PM

Day Runners For Monday 31st March 2008

1) NTPC CMP:204.35 Target 209.40-211.80

2) TATATEA CMP:834.00 Target 848.00-857.00

Some Others Are (HDIL Has Had Explosive Move Today, But Still May Move Quite Well On Monday), GLAXO & UNITECH

Happy & Safe Trading

SavantGarde

Open Long Postions Carried Forward For Monday Are NF, BANKNIFTY, GAIL & HDIL.

robin_malihan · #**2652** 28th March 2008, 06:24 PM

Quote:

Originally Posted by uasish

Nifty Fut 10 mins chart ,this is a rough attempt to code the EPA trendline & ETA of Wolfe Wave,as my understanding of this Pattern is not so good hence i would request Wolfe Wave experts to guide me,whether this is correct,if not Why.

I am not a expert but let me explain little bit ....

its a five point pattern which are created because of the conffustion b\w buyers and sellers and this pattern helps to take advantage of those peoples

.

Bullish set up.

The 2 point is a top.

The 3 point is the bottom of the first decline.

The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.

The 4 point is the top of the rally after point 3.

The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).

Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.

Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.

The line joining point 1 ,3 and the line joining 2,4 should not diverge.

Time taken b/w pt 1 to 3 should be equal to that of 3 to 5.

hope nothing is left in this .............

here i am attaching a chart of NIFTY EOD which include wolfe wave and an advance wolfe wave(this is not explained anywhere but bill wolfe has give few charts on its website few days before and i have watched them carefully and abel to get some result out of that dont know wheather that will hold or not but till now its working on nifty chart).

kkseal · #**2653** 28th March 2008, 08:07 PM

Quote:

Originally Posted by Saint

Kalyan,

Do you trade full time?

Think there is great value in your posts......you really ought to post more often for the benefit of us all.

Saint

No Saint Also dabble in family business

Honoured to know you find value in my posts Sir, but i'm still a learner, so nothing much to write and with so many stalwarts around what is there that i can add - they've said it all. (Rather reading their posts channelizes my thinking towards newer avenues).

Regards,
Kalyan.

aca_trader · #**2654** 28th March 2008, 08:22 PM

Quote:

Originally Posted by uasish

Kalyan,

I was looking in the Bid of 4800 strk PE for few mins,from 160.00 it came down to 130.00 !! & still Abhijeet says it is HARD to loose money in Options as his Mentor ,Jesse taught him.

No inkling ,any idea.

Asish

Loss in futures during the same period was much more. Due to delta effect, the %age loss as well as profit is lower with options than with futures. Secondly, when it's said that one can not loose money; the reference is that one can not loose more than what he paid for purchasing options. Selling options is still an unlimited risk venture.

kkseal · #**2655** 28th March 2008, 08:22 PM

Quote:

Originally Posted by uasish

Kalyan,

I was looking in the Bid of 4800 strk PE for few mins,from 160.00 it came down to 130.00 !! & still Abhijeet says it is HARD to loose money in Options as his Mentor ,Jesse taught him.

No inkling ,any idea.

Asish

Asishda, that is why this ITM/ATM/OTM thing is so important.

However i'm not into selling (so can't say right lvls for the same) yet Just restrict myself to buying Puts & Calls.

My lvls for Puts today was 5000 (optimum) & 5100 (conservative) & calls 4700 (optimum) & 4600 (conservative). The more agressive lvls would be 4900 (put) & 4800 (call).

Regards,
Kalyan.

kkseal · #**2656** 28th March 2008, 08:54 PM

Whether the Nifty goes to 7300 or not this thread will certainly go to 7300 posts (given it's rate of expansion).

uasish · #**2657** 28th March 2008, 10:29 PM

Kalyan,

I have an impression that Writing is always better as Time decay would be in my favour,actually i sold today the 4800 Str Put (including this trade ,till date in 7 yrs i have taken max 30 trades in Options).Now reading your post it seems imprudent to do so.However have to understand it,in a structured self imposing regime of few weeks.

Asish

uasish · #**2658** 28th March 2008, 10:40 PM

Quote:

Originally Posted by robin_malihan

I am not a expert but let me explain little bit ....

its a five point pattern which are created because of the conffustion b\w buyers and sellers and this pattern helps to take advantage of those peoples

.

Bullish set up.

The 2 point is a top.

The 3 point is the bottom of the first decline.

The 1 point is the bottom prior to point 2 (top), that 3 has surpassed.

The 4 point is the top of the rally after point 3.

The 5 point is the bottom after point 4 and is likely to exceed the extended trend line of 1 to 3. This is the entry point for a ride to the EPA line (1 to 4).

Estimated Price at Arrival (EPA) is trend line of 1 to 4 at apex of extended trend line of 1 to 3 and extended trend line of 2 to 4.

Estimated Time of Arrival (ETA) is apex of extended trend line of 1 to 3 and 2 to 4.

The line joining point 1 ,3 and the line joining 2,4 should not diverge.

Time taken b/w pt 1 to 3 should be equal to that of 3 to 5.

hope nothing is left in this .............

here i am attaching a chart of NIFTY EOD which include wolfe wave and an advance wolfe wave(this is not explained anywhere but bill wolfe has give few charts on its website few days before and i have watched them carefully and abel to get some result out of that dont know wheather that will hold or not but till now its working on nifty chart).

A Wolfe Wave drawn on an Elliot Wave software.

aad · #**2659** 28th March 2008, 11:54 PM

[quote=SavantGarde;167733][color="Purple"]Day Runners For Monday 31st March 2008

1) NTPC CMP:204.35 Target 209.40-211.80

............

SavantGarde
[quote]

Dear SavantGarde,

I am curious here and want to know how you could calculate precise target, particularly 211.80 ? What I could see is, on daily chart of NTPC, it did make higher top today but volumes were almost half of its previous days. I also see that it is also in the strong resistance zone today but it is rallying ever since it hit the double bottom with good volumes (except today). Your answer will help me understand where and what I am missing to calculate such precise targets.

Regards,

Abhay

guhaanirban · #**2660** 29th March 2008, 12:36 AM

Dear Aad,
Please note NTPC brokeout res @197,5 today and closed above 202
(which is 61.8% expansion from 161.3 to 227.4),Both are bullish sign.
Though other indicators showing cosolidation.
Most probably final tgt is 227.4.
Seniors please confirm my observation.

(On weekly chart)