Nifty Futures Trading

tsunil4u · #**8811** 23rd July 2008, 01:44 PM

Quote:

Originally Posted by new2sm

This is not the first time and have noticed quite frequently that Resistance and supports for SPOT are also applicable(albeit loosely) for FUT but not vice-versa. similar thing is happening right now. watch closely.

that's because when expiry is near, the difference keeps on reducing...

this happens every month (maybe u noticed now, since i remember u said that u change to next month's FUT a week earlier)

new2sm · #**8812** 23rd July 2008, 02:05 PM

Quote:

Originally Posted by tsunil4u

that's because when expiry is near, the difference keeps on reducing...

this happens every month (maybe u noticed now, since i remember u said that u change to next month's FUT a week earlier)

No this I have observed during the month also. even when markets were in downtrend this was happening. only thing is that instead of the common +/-10 pts that is kept as band for bounces, in such case keep 15 pts as band. but it happens mid month also and in any trend.

tsunil4u · #**8813** 23rd July 2008, 02:11 PM

Quote:

Originally Posted by uasish

Saint has taught us if HH HL then uptrend.

In a 5 mins chart at 1.04's bar there was a HH ,when compared with the High of 11.34's bar,now we wait for a HL,which at 2.09's bar,though we came to know that to be a confirmed HL ,may be after a couple of bars.

Then how come we where Shorting,OK even if we are trying for the down move from 1.04's bar then we would be extra cautious to locate the HL (if any,becoz at that time we did not knew the right side of the chart) ,did'nt the 2.0's bar High Alerted us,then for each bar the earlier 2 bar's highest high would not have been our Stop.

This post by Asish Sir of 17th July has benefited me immensely and have learnt & seen this formation till today...
(except yesterday, when i feel a BJP leader's soul entered my body & mind and I acted against the trend so soon

)

I am highly indebted & grateful to you, Dada and Saint Sir..

(have been going long near previous HL, and exiting on good breakout of previous HH)

nagendra_gb · #**8814** 23rd July 2008, 02:26 PM

My friend,

Sunil please keep posting ur views. There are many followers following it ...

tsunil4u · #**8815** 23rd July 2008, 02:35 PM

Quote:

Originally Posted by tsunil4u

Which is the favourite quarter of NIFTY???

Quarterly Returns %

YEAR Q1 Q2 Q3 Q4

2008 -22.91 -14.45 -- --

2007 -3.19 13.27 16.45 22.15

2006 19.94 -7.64 15.15 10.92

2005 -2.23 9.57 17.74 9.22

2004 -5.80 -14.59 16.84 19.48

2003 -10.64 17.12 26.42 32.61

hmm.... so we buy at start of Q3 (ie in July) and sell at end of Q4 (ie in december)....

hey, this might turn out to be true even this year, as
GOVT is adamant abt economical reforms now
state elections not until nov-dec
DOW and NIFTY have tested their very important supports...

of course, a correction from here till 4200-4000 would be good for health of nifty...

tsunil4u · #**8816** 23rd July 2008, 02:38 PM

Quote:

Originally Posted by nagendra_gb

My friend,

Sunil please keep posting ur views. There are many followers following it ...

I am a newbie too yaar... just love, romance, s**, with NIFTY a lotttttt....

And I depend on guidances (& moral support while in a trade) from ASISH SIR and other seniors who have access to tech software like METASOFT, etc...

new2sm · #**8817** 23rd July 2008, 02:48 PM

4507 seems elusive till now. lets see till EOD

tsunil4u · #**8818** 23rd July 2008, 02:50 PM

kabhi kabhi, when i see returns from STOCKs, i envy them...

NIFTY took 5 days for 18% return and some stocks like RELCAP/NTPC take only 1-2 days fro such return...

but kya karoon, stocks ne mujhe pehle bahut dokha diya hain, (sometimes, when mkt is in uptrend, my stock would be just in 1st gear or maybe in reverse gear... i m not a proper TA, so stock selection was usually wrong... also, news/events affect a particular stock anytime, irrespective of the general mkt trend)

that's why, from MARCH 08, i switched to nifty, studied its levels... and realised that NIFTY IS ACTUALLY THE KING / SHAHENSHAH of ALL...
if you think that a particular event is postive for market in general (for eg), then why to think & search which stock would benefir more... just go long on the KINNNG... if u r sure of the info & reaction, buy more lots of FUT or OPTIONS as per risk appetite....

only sometimes (rarely) i go for a stock when there's a news behind only that particular stock...

tsunil4u · #**8819** 23rd July 2008, 02:54 PM

i feel 4500 NIFTY SPOT & 15000 SENSEX will be tested today....

dow is already +80...

tsunil4u · #**8820** 23rd July 2008, 02:59 PM

Quote:

Originally Posted by tsunil4u

obviously, if UPA survives with SP support, amar singh will assure all goodies for friend anil ambani

GOD !!!
just look at gains by ADAG stocks...
from 12% to 24% in various stocks