Nifty Futures Trading

tsunil4u · #**6101** 16th June 2008, 03:23 PM

Atleast SPOT should close above Friday's High of 4563 to have some hope of continuation of upmove. Future's discount has reduced too. But today's volumes & European markets give out an unclear picture...

uasish · #**6102** 16th June 2008, 03:25 PM

Busy in covering HCC short now.

tsunil4u · #**6103** 16th June 2008, 03:28 PM

Some important US financial companies' results are expected this week:
Lehman Bros - Monday
Goldman Sachs - Tuesday
Morgan Stanley - Wednesday...

uasish · #**6104** 16th June 2008, 03:31 PM

As such Mkt is presently in LH LL mode in 10 mins chart ,friday is too far away.

tsunil4u · #**6105** 16th June 2008, 03:32 PM

Quote:

Originally Posted by tsunil4u

Both Spot & Future need to cross 4585 for some upmove...

Could not cross even on closing...
So, trend deciding levels for tomorrow (SPOT):
4550 - 4585 - 4620

sunbim31 · #**6106** 16th June 2008, 08:24 PM

Quote:

Originally Posted by uasish

As promised on Saturday to show on Live chart a UpThurst set up & why it is the safest
place to short,probability of these trade to win is favourable.

The 1.15's bar in 1 min,look at the Vol of that bar more than avg,look at the close it is below 50 % range;
now what do we have ...........that the Upmove from 1.13's bar 2 good white candel then suddenly huge vol &
the candel failed to close above 50% range.
This is 1st Warning of upmove may fizzle out.
Then i was searching for an Upthurst Bar with LESS VOLUME & CLOSE ABOVE 50 %,it happened on 1.21's bar !!
So set up complete hence S H O R T .

Thanx Asishda
Well said as example given in our small conference on saturday. Hope , me debashish & all others will learn the trick
Sunando

lvgandhi · #**6107** 16th June 2008, 08:37 PM

Quote:

Originally Posted by uasish

As promised on Saturday to show on Live chart a UpThurst set up & why it is the safest
place to short,probability of these trade to win is favourable.

The 1.15's bar in 1 min,look at the Vol of that bar more than avg,look at the close it is below 50 % range;
now what do we have ...........that the Upmove from 1.13's bar 2 good white candel then suddenly huge vol &
the candel failed to close above 50% range.
This is 1st Warning of upmove may fizzle out.
Then i was searching for an Upthurst Bar with LESS VOLUME & CLOSE ABOVE 50 %,it happened on 1.21's bar !!
So set up complete hence S H O R T .

Great help to us to learn from you in practical way. Thanks.

sanx · #**6108** 16th June 2008, 09:59 PM

Quote:

Originally Posted by milind

Search for the posts by AJAX on wolfe-wave, he has lot of good material. As for the one I posted about, I think it was a real one and did achieve its target.

-- Milind

Thanks milind .

uasish · #**6109** 17th June 2008, 09:54 AM

Quote:

Originally Posted by uasish

As promised on Saturday to show on Live chart a UpThurst set up & why it is the safest
place to short,probability of these trade to win is favourable.

The 1.15's bar in 1 min,look at the Vol of that bar more than avg,look at the close it is below 50 % range;
now what do we have ...........that the Upmove from 1.13's bar 2 good white candel then suddenly huge vol &
the candel failed to close above 50% range.
This is 1st Warning of upmove may fizzle out.
Then i was searching for an Upthurst Bar with LESS VOLUME & CLOSE ABOVE 50 %,it happened on 1.21's bar !!
So set up complete hence S H O R T .

Found one in Karthik's chart.

http://www.traderji.com/technical-an...tml#post186694

uasish · #**6110** 17th June 2008, 10:02 AM

Long from 4558.65