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| Discuss I think Nifty futures topped out at 3405 at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Friends, I believe the bullish trend for nifty futures is over at 3405 for the ... |
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#1
25th August 2006, 11:48 AM
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I think Nifty futures topped out at 3405
Friends,
I believe the bullish trend for nifty futures is over at 3405 for the Derivative month of August. Only in September futures Nifty may cross 3405 again. What do you say. 
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#2
25th August 2006, 05:09 PM
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Re: I think Nifty futures topped out at 3405
... and what brings you to this conclusion, may we ask?? Am not agreeing/ disagreeing, just want to know why you feel this way.
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#3
25th August 2006, 08:43 PM
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Re: I think Nifty futures topped out at 3405
So far no evidence of negative divergnces in Nifty or Nifty futures so the trend shd continue for some more time
Last edited by tanewbie; 2nd August 2008 at 12:18 PM.
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#4
25th August 2006, 08:51 PM
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Re: I think Nifty futures topped out at 3405
Quote:
Best Regards, --Ashish
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#6
26th August 2006, 01:32 AM
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Re: I think Nifty futures topped out at 3405
Quote:
Regards, Abhay (AAD)
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#7
26th August 2006, 01:55 AM
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Re: I think Nifty futures topped out at 3405
Attached is hourly chart of nifty futures. there was negative divergnce wrt MACD which resulted in a sell off tilll last thursday. Now its regaining momentum. If NF can takeout 3400 then we may see a short and swift rally till atleast 3450 . Reliance,HLL,Tisco,SBI and the cement pack might lead the next round of rally.
Last edited by tanewbie; 2nd August 2008 at 12:18 PM.
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#8
26th August 2006, 02:21 AM
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Re: I think Nifty futures topped out at 3405
fundamentally where are the FII's , do they not count at all? as far as my knowledge goes they have sold out heavy in April & may. if you count june july and august they have hardly added anything to their kitty. Why are they so quiet? Also they have been selling quite a bit in the last few days when the market is moving up , Why?
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#9
26th August 2006, 09:48 AM
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Re: I think Nifty futures topped out at 3405
Quote:
FII activity in August as per SEBI site http://www.sebi.gov.in/FIILatest.jsp?period=month For august the totals are as follows Gross Purchases(Rs Crores) : 22, 733.2 Gross Sales(Rs Crores) -----: 18, 962.4 Net Investment (Rs Crores) : 3, 826.1 Net Investment US($) million: 824.1 For 25th the figures on SEBI site are 1387, 1319.4, 67.6, Regards Sanjay
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#10
27th August 2006, 12:12 AM
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Re: I think Nifty futures topped out at 3405
Quote:
Nothing like hard figures to nip a conspiracy theory in the bud..  My 2 penny's worth is that I don't see the NIFTY having done its top, as I am sure, even after the divergence appears, it can continue to be divergent for a while I anyways believe in the school which teaches you not to anticipate tops, as it is the surest way to get murdered in a trending market.. taking profits, however, is a different thing. Regards.
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