Nifty Futures Trading

renu daga · #**7001** 26th June 2008, 03:22 PM

alas no trading .. again power failure from 1 to 3/20 pm,,
disgusting what good position nifty 60 points plus,,,

specific stcoks,,,info/ lt/ itc/ ticso/ vsnl

renu

deb99891 · #**7002** 26th June 2008, 03:27 PM

so if gap up tmrw then this 24/18 level will act as support
for some scalps
vice versa

tsunil4u · #**7003** 26th June 2008, 03:41 PM

frankly, market would really surprise me if it closes above 4350 tomorrow...
i am expecting a flat-to-negative closing tomorrow...

if it is not in such a manner, i need to study more about short rollovers & its effects....

this pullback is like a mirage in a "bear" desert...

{just a nifty movements study, not a trading bias for tomorrow}

uasish · #**7004** 26th June 2008, 04:30 PM

Quote:

Originally Posted by lvgandhi

Will you please advice what is to be watched and and what inferences are to be drawn? This I am asking as per my notion TBQ/TSQ < 1, then short should be done. But pivots are showing uptrend in 5 and 15 mins chart. Though I would have entered at pivot break 4268 at 13:35, I waited for 4280 for confirmation because of this ratio. Kindly throw some light.

At imp Levels say at yesterday's close the activities of Vol vis-a-vis Rate of Change of TBQ & TSQ .There is no Rule ,that i could fathom till date,i normally look at the Rate of Change & any big vol bar at imp Price point.

Sorry ,as it could not be brought down to any Rule this is Subjective.
I would rather suggest to Look at VSA ,presently Karthik is working on it or at Profile.

tinchu76 · #**7005** 27th June 2008, 08:31 AM

Quote:

Originally Posted by tsunil4u

frankly, market would really surprise me if it closes above 4350 tomorrow...
i am expecting a flat-to-negative closing tomorrow...

if it is not in such a manner, i need to study more about short rollovers & its effects....

this pullback is like a mirage in a "bear" desert...

{just a nifty movements study, not a trading bias for tomorrow}

Have you worked on piovts.Pls post todays level.

tsunil4u · #**7006** 27th June 2008, 09:10 AM

NIFTY SPOT SUPPORT LEVELS FOR TODAY'S TRADING

4290/4300 - This is the Pivotal support level for today. Bears will have an upperhand as long as SPOT is below this level.

4280

4260/4255 - This is the S1 level for today. This was the key support level for yesterday's last leg of bear's rally.

4235 - This is the "neck" of this relief rally. The neckline of an inverted H&S pattern (of wednesday) which boosted the move upwards. This was also the low of yesterday.

4215

4200/4195 - This is the "back" of the bulls. After bouncing from oversold 4100 levels, this level provided a strong base to move upwards. I don't think gap down can break this level today... Only bad inflation numbers of today can break this.
If SPOT goes to this level at OPEN, I expect some bounce from here..... but it may not last much....
But for sure, this level will be tested...
Break of this "back" may target 4170-4150 levels

tsunil4u · #**7007** 27th June 2008, 09:31 AM

Quote:

Originally Posted by tsunil4u;189477

This is what I had posted yesterday...

[B

RESISTANCES[/b]
4265 - This level proved to be a full stop for bounces on both Tuesday & Wednesday (should not be a problem today, i hope)
4280
4300 - multiple tops region of Tuesday
4320 - The R1 for today, and would be very tough to break
4335 - Double Top of Monday... My full stop for today (only expiry volatility can break this)
4350 - enough to close Monday's gap down opening.... remember, we are still in intermediate bear market, and I would like to open new shorts at this level.

When I saw spot nearing 4335 and also the July discount at around 70 points, I was convinced this is "mirage" in a bear desert... This is the result of short rollovers... Covering up June shorts by giving buy orders for june and rolling over shorts by givings sell orders in july.... that explains a mild premium in June in last minutes and the widening discount in July...

None of the previous negative news had been negated... and what would bears ask for more... short at higher levels, which they got yesterday.

And as I had written, I was tempted to buy a put (which I did) at the last minute yesterday. I had put a SL of 4350+ for this positional put and I had put a target of 4200 (retest) for this trade....

Please look out for the reaction of SPOT at 4195/4200 level. If this breaks, forget 4300 for today & monday (unless inflation numbers are better than expected 11.3%)

tsunil4u · #**7008** 27th June 2008, 09:40 AM

uh oh...

Singapore nifty fut is down 123 pts...
corresponding to the "back of bulls" 4190/4200 SPOT...

Ank!t007 · #**7009** 27th June 2008, 09:43 AM

SGX CNX Nifty is trading at 4125 .

Ankit

EDIT : tsunil4u posted faster than me !

tsunil4u · #**7010** 27th June 2008, 09:49 AM

come on ankit,
we are all here not for race....
;-)

BUT FOR GROWING & PROSPERING TOGETHER....

(sometimes, i really think this should be the tagline for TRADERJI.COM)