Nifty Futures Trading

learn2trade08 · #**9921** 4th August 2008, 06:20 PM

dear kapil and sunil,
Thanks a ton for sharing...

Quote:

Originally Posted by kapil123

Check the 5 minute candle at 12.14 and 12.49 for Nifty Spot. The low is 4363.50 on both the candles.

Cheers,
Kapil

mitasatyajit · #**9922** 4th August 2008, 06:33 PM

Quote:

Originally Posted by learn2trade08

dear satyajit'sir,
thanks for sharing the charts,simply love those trendlines...Sincerely appreciate you sharing your hard work.
thanks.

U r welcome. I am always at ur service sir.

sikandar · #**9923** 4th August 2008, 06:33 PM

mitasatyajit
Very complicated to understand while appreciating your sharing
sikandar

renu daga · #**9924** 4th August 2008, 07:09 PM

what stayajit da has put up through his trend line,,,well see not ata l confusing if u sit silently,,and watch the uptrend liens / and lower trendlines,,,dont take it just lines

secondly one more lien is to be aded which will show minor trend ,,and support the continuation of trend,,whci is till 4300 nifty cash

renu

vishveshchauhan · #**9925** 4th August 2008, 08:22 PM

Quote:

Originally Posted by Smart_trade

It is not an impulse wave as there is no extention. Looks like abc correction.

Best wishes,

I think as per the rules laid down by mr r.n elliott its not necessary to have an extension in every impluse.

ashutoshjani · #**9926** 5th August 2008, 12:05 AM

I perfectly agree but at the same time if nifty futures break support of 4358 then another downside can occur while on the upside if nifty futures sustain 4525 then we might see rally till 4740...senior members please comment...

uasish · #**9927** 5th August 2008, 05:48 AM

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tsunil4u · #**9928** 5th August 2008, 07:45 AM

Quote:

Originally Posted by mitasatyajit

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satyajit, da...
there's one doubt coming in my mind.. does the "type" of chart (line or candle or OHLC) make any difference to find the trendline???

In line chart (with only close values), I agree that it will be difficult to spot correct trend coz of lack of low & high values.

But, there seems to be a sharp difference between your OHLC chart & a candlestick chart, regarding the trendline.
In the candlestick chart, which I had posted (had admitted that it's from a charting website, as I dont have a charting software), it shows that trendline was touched & tested on 24 July (high=4538). Even last two trading days' highs are VERY close to trendline.
But, in your OHLC chart, 24July bar & 1 Aug bar are FAR from the trendline resistance...

I dont think there's any problem with the data. I really dont know why there's so much space there...

Is it because an OHLC chart takes less space on the X axis & a candlestick bar takes more (an ameteur thought)???

I am attaching one more candlestick chart from another website this time for your reference...

uasish · #**9929** 5th August 2008, 08:02 AM

Styajit's charts are always Logarithmicaly adjusted.In Line chart the Leeway is too much .

VJAY · #**9930** 5th August 2008, 08:15 AM

Hai sunil,
Can I know which charting website you using for veiw intraday chart.
Thanks

The Following User Says Thank You to renu daga For This Useful Post:
sikandar (4th August 2008)

The Following 3 Users Say Thank You to uasish For This Useful Post:
deb99891 (5th August 2008), tsunil4u (5th August 2008), VJAY (5th August 2008)

The Following User Says Thank You to tsunil4u For This Useful Post:
VJAY (5th August 2008)