I think Nifty futures topped out at 3405

[Gandhi710]

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.

 

[ivanboesky]

... and what brings you to this conclusion, may we ask?? Am not agreeing/ disagreeing, just want to know why you feel this way.

 

[tanewbie]

So far no evidence of negative divergnces in Nifty or Nifty futures so the trend shd continue for some more time

 

[aca_trader]

So far no evidence of negative divergnces in Nifty or Nifty futures so the trend shd continue for some more time

There is a Bearish Divergence on RSI.

Best Regards,
--Ashish

 

[jaykiru]

Barish Divergence on rsi And Cut veg in 30 min bar and retest it...

 

[aad]

Barish Divergence on rsi And Cut veg in 30 min bar and retest it...

A picture is worth a thousand words... thanks for spotting it out correctly.

Regards,

Abhay (AAD)

 

[tanewbie]

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.

 

[adilsaleem]

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?

 

[SGM]

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?

Hello

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

 

[bhatia_ash]

Hello

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

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.