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  #9141  
Old 28th July 2008, 02:50 PM
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Default Re: Nifty Futures Trading

Ek Aur BUMB Mila Kolkatta mein :O
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  #9142  
Old 28th July 2008, 02:58 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by nonstopkaran View Post
What are u coming to say???

rate hike??????????
There is an RBI decision due tomorrow, right?
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  #9143  
Old 28th July 2008, 03:08 PM
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Default Re: Nifty Futures Trading

I am carrying my position...........

I am holding nifty short @ 4330............
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  #9144  
Old 28th July 2008, 03:18 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by NJ:) View Post
I am carrying my position...........

I am holding nifty short @ 4330............
Me too !! I am holding short at 4502
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  #9145  
Old 28th July 2008, 03:22 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by debdeeps View Post
me too !! I am holding short at 4502
good fr u debs....
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  #9146  
Old 28th July 2008, 03:29 PM
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Default Re: Nifty Futures Trading

Expecting a Decisive Move to-morrow 1st Half,as per 1 min chart.
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  #9147  
Old 28th July 2008, 03:38 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by uasish View Post
Expecting a Decisive Move to-morrow 1st Half,as per 1 min chart.
yeah dada
got it
either side
regards
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  #9148  
Old 28th July 2008, 04:21 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by VJAY View Post
Hai,All members of this thread?forum,
I am using refersh to every minute to look new post in this thread.Is any setting is there to follow this threads new postings post by post.ex:whenever new post comes in this thread I can now/autorefresh etc.How you people using this thread when market hrs minute by minute.like reply for 9.12.am post at 9.13/14 am.
Really thankfull to detailed reply in advance.
Hi VJAY,
Hope this will help. Some body coded it long back for this thread.
Thanks,
Attached Files
File Type: rar ASISHDA THREAD.rar (672 Bytes, 28 views)
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  #9149  
Old 28th July 2008, 07:42 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
RBI POLICY TOMORROW - DAY OF SUSPENSION BETWEEN WEDNESDAY'S GAP UP & FRIDAY'S GAP DOWN...
(both gaps will provide respective support & resistance... let's see which gap fills up first... though, due to unfortunate incidents of our country along with lurking RBI policy, high chances of the (lower) gapup being filled first)

The gap support is at 4260-40 (SPOT) Ideally, this should act as a strong support today, for the health of the bullish rally of the last week.
Below 4240 ----> 4215/4200

4250 is the bearish pivot for today... as long as SPOT sustains below this, it will be a sell on rallies strategy.
4285 (thurday's low & friday's near high) is the bullish pivot - if spot sustains above this, then we can expect the gap-down band of 4400-4430 to be filled.

In summary,

4200/15 - 4260/40 - 4315 - 4350 - 4385 - 4400/30
Quote:
Originally Posted by tsunil4u View Post
and this Table Tennis (TT) between 4315-4350 is on since nearly 5 trading hours since 2 pm of Friday...

a breakout on either side will be sharp, i guess, with other key levels of 4290/4300 SPOT on downside & 4385 SPOT on upside

KAHANI "INSIDE-DAY FORMATION" (NEARLY) KI...
SPOT LEVELS FOR TUESDAY'S TRADING

Due to a tight range-bound trade, the key levels remain the same...

S2 = 4260/4240 (gap band, good level to re-enter longs unless VERY NEGATIVE NEWS FROM GLOBAL MKTS / RBI)

S1 = 4290/4285 (LOD, bears will intensify attack below this level)

PIVOT = 4315 (how can this not be there "4315" - the bullish pivot for the day; bulls will have an upperhand as long as SPOT sustains above this level)

R1 = 4350/55 (HOD, upper band of today's range bound trade, break will give support to BULLS)

R2 = 4385 (good news from RBI can break this; if closes above psychological 4400, then short term trend will turn UP)


DowJones, which seemed ranged on friday, may make a decisive move today. This move may move Nifty till R1 or S1 level; thereafter, only after RBI's policy news will confirm/set the trend.
But since expiry is on Thursday, I reckon that 4200 - 4500 is a probable band for expiry, once RBI's news is out.

Also keep in mind, NIFTY had ended on a positive note (surprisingly, may be coz of over-sold) last two times when RBI hiked rates. This time, a small hike (as a sign of token action) is factored/expected.
Hence, a small hike or no hike will prove to be bullish... but let's not pre-empt the move, and let the nifty levels decide.

One thing also came out from such continous range-bound trades.. always better to short at higher levels (with high RSI) and buy at lower levels (with lower RSI); with strict SLs and profit-targets.
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  #9150  
Old 28th July 2008, 07:56 PM
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Default Re: Nifty Futures Trading

I wont be joining you guys tomorrow and for next few days...

I had always liked the idea of Dow Futures being traded 24/5 (if not 24/7), and had always wanted such facility for my NIFTY FUT.

And the answer lies in SGX NIFTY. Although, not exactly for 24 hours, but atleast from early morning (with other asian markets's opening) and till night (till US opens plus few hours)... atleast some position can be taken (first mover advantage)

For this, I am going to Singapore tomorrow to make this set up work for me...

Have a good profitable week, my friends & fellow-members...!!!
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