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Nifty Futures Trading

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  #8821  
Old 23rd July 2008, 03:00 PM
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Default Re: Nifty Futures Trading

Can we expect some profit booking at the eod ..
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  #8822  
Old 23rd July 2008, 03:01 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by nagendra_gb View Post
Can we expect some profit booking at the eod ..
Doesn't look like, if there may be very small.
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  #8823  
Old 23rd July 2008, 03:03 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
ideally, PUT should have bought between 4480-4500, with SL above 4535 (4535 is the HOD when for first time dbl digit inflation was announced)...

4300 PUT means u expect SPOT to expire below 4300...

(i m not sure, but the congestion zone of 4315-4350 may provide support now)
anybody feeling BEARISH (expecting correction/cooling) may buy PUT here, but for not for holding till expiry if nearly deep OTM PUT (6 days only to expiry)
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  #8824  
Old 23rd July 2008, 03:05 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
i feel 4500 NIFTY SPOT & 15000 SENSEX will be tested today....

dow is already +80...
Most of the time I have noticed Dow reverses during actual trading. Like yesterday Dow was -135 at this hr and actual closing was +135.
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  #8825  
Old 23rd July 2008, 03:06 PM
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Default Re: Nifty Futures Trading

Positional short at 4500, will carry till expiry. Reason: Have noticed after continuous 5 days up/ down, nifty changes trend for atleast a couple of days.
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  #8826  
Old 23rd July 2008, 03:10 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by debdeeps View Post
Most of the time I have noticed Dow reverses during actual trading. Like yesterday Dow was -135 at this hr and actual closing was +135.
very true, debs

i just want to see HOD of nifty spot & sensex as 4500 & 15000 on such an important day when a nearly NEW govt is at place without LEFT

a psychological round figure to be achieved
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  #8827  
Old 23rd July 2008, 03:18 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
very true, debs

i just want to see HOD of nifty spot & sensex as 4500 & 15000 on such an important day when a nearly NEW govt is at place without LEFT

a psychological round figure to be achieved
Thanks,
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  #8828  
Old 23rd July 2008, 03:21 PM
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Default Re: Nifty Futures Trading

take care debs, 5+ negative days very rare
but
5+ positive days have taken place many times
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  #8829  
Old 23rd July 2008, 03:22 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
One observation i have made of Nifty (i have readings from Nov 2007)

We have had a maximum of FIVE days of consecutive negative closings
Six consecutive days of negative closings has happened only once during the Jan 08 bloodbath.


Today is the SIXTH DAY....
if today it closes in negative, WILL TOMORROW BE A POSITIVE CLOSING (given an imminent/timely due dead cat bounce/technical relief rally from today's lows)....
Only time will tell....

BTW, tomorrow is the derivatives expiry day, today is UPA-Left meet and tonite is the US FED meet.
Quote:
Originally Posted by debdeeps View Post
Positional short at 4500, will carry till expiry. Reason: Have noticed after continuous 5 days up/ down, nifty changes trend for atleast a couple of days.
take care debs, 5+ negative days very rare
but
5+ positive days have taken place many times[/quote]
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  #8830  
Old 23rd July 2008, 03:24 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by debdeeps View Post
Positional short at 4500, will carry till expiry. Reason: Have noticed after continuous 5 days up/ down, nifty changes trend for atleast a couple of days.
you may be right but in a strong uptrend carrying till expiry is still very dangerous, dont see how much its risen, see how much its fallen, if as all expected nifty was to correct from 4450 to 4200, it may correct from 4650 to 4450 or give a sideways move for few days as shorts are trapped & you will stand not to gain anything, infact stand with a loss for few days, also just because its risen too much thats no reason to short & hold, intraday is a different matter.... IMHO

The darn rsi is bursting with no further place to go...lol

The only advice is dont trade cause you have to trade, trade only when you are sure...

Those in trading since years painfully realize that trading on fluke may pay off sometimes but its path only leads to disaster...

Last edited by Czar; 23rd July 2008 at 03:40 PM.
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