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Nifty Futures Trading

Discuss Nifty Futures Trading at the Derivatives within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by tsunil4u oh, got it.. wtg = "way to go"... how's bangalore now, ...


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  #9271  
Old 29th July 2008, 03:32 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
oh, got it.. wtg = "way to go"...

how's bangalore now, Sir??
hope everything's fine from your side
bit of a close shave.....all fine now.

Saint
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  #9272  
Old 29th July 2008, 03:38 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
can anyone please tell me the key fibonacci levels for the move from 3800 to 5300... please...

also, how do we find these levels...???
4255 / 4162 / 4068
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  #9273  
Old 29th July 2008, 03:44 PM
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Default Re: Nifty Futures Trading

the consensus is if the markets exceeds the fib levels, its no longer a pull back in the uptrend...

PMed u other reply

dada check the MA, its testing after crossover... still in pull back zone I guess
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  #9274  
Old 29th July 2008, 03:53 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by uasish View Post
Any charting s/w has this Tool.
Otherwise take a Calculator,minus Low from High,multiply by .618/.382/.238 ,keep the product to add with Low OR minus from High.
it should be .236.

regards
mahesh
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  #9275  
Old 29th July 2008, 03:57 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by uasish View Post
Any charting s/w has this Tool.
Otherwise take a Calculator,minus Low from High,multiply by .618/.382/.238 ,keep the product to add with Low OR minus from High.
ya da, silly of me...

when i saw czar's chart, i realised that EOD charts & this trading software will suffice to see the fib levels... i was thinking 5mt or 60 mt chart will be reqd..

23.6% = 4360
38.2% = 4252
50.0% = 4164
61.8% = 4075

so, we after falling below 4360, nifty spent much time testing 4350 yesterday
today, it just dropped below 4250 & tested 4164...

dont know much abt these fib nos., but any seniors have experience with these nos.??? are they relevant or just statistical??
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  #9276  
Old 29th July 2008, 04:14 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by tsunil4u View Post
ya da, silly of me...

when i saw czar's chart, i realised that EOD charts & this trading software will suffice to see the fib levels... i was thinking 5mt or 60 mt chart will be reqd..

23.6% = 4360
38.2% = 4252
50.0% = 4164
61.8% = 4075

so, we after falling below 4360, nifty spent much time testing 4350 yesterday
today, it just dropped below 4250 & tested 4164...

dont know much abt these fib nos., but any seniors have experience with these nos.??? are they relevant or just statistical??
do u mean all should exit longs if mkt is going to fall like this more
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  #9277  
Old 29th July 2008, 04:19 PM
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Default Re: Nifty Futures Trading

Quote:
Originally Posted by renu daga View Post
here all teh shorts should be covered up,,

vol atb this point si very low

renu

i think i caught the exact levels of for covereing up teh shorts,,
atleast for today

eod is in fresh sell
60 min showing pos div,,
i think we may move up in morning hours,,and tehn come down
moer sceanrio goes how teh dow will react / and oil.... circumstances,,

renu
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  #9278  
Old 29th July 2008, 04:26 PM
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Default Re: Nifty Futures Trading

one que renu how is hourly showing +ve diver ? am i missing sumthin...
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  #9279  
Old 29th July 2008, 06:09 PM
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Default Re: Nifty Futures Trading

A great moovie. Everyday housefull. Last two days before expiry ... so should have to be carefull. After that if found < 4197, moovie will start again with full joy (fear). Reason may be "Bomb", "BSE explosion", "Pak war" etc etc .... may be new item /s those are still due from TV.

Regards.
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  #9280  
Old 29th July 2008, 06:34 PM
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Default Re: Nifty Futures Trading

dear czar,
Thank you for the pm last week,ufortunately due to some emerency was out of town for the week end and got back today...You mentioned that you were long since 3900,congratulations...here are my charts..
I always wait for markets to retrace below 61.3% for the trade,and looks like its a sure shot pull back and anticipating to go long above 4050
thanks again!


Quote:
Originally Posted by Czar View Post
the consensus is if the markets exceeds the fib levels, its no longer a pull back in the uptrend...

PMed u other reply

dada check the MA, its testing after crossover... still in pull back zone I guess

Last edited by learn2trade08; 14th August 2008 at 11:14 AM.
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