Nifty Futures Trading Part 2 (Positional)

Here's a chart of Nifty's 100DMA levels...

seems like quite a "pain in ,,,," for nifty; once broken, it's seems to be very difficult to regain/go above it...

In a bear market it will keep touching the MA from down & keep drifting down... so all we have to do is when it gets too far we buy & when it kisses it we exit... NEW KISS (Keep it stupid simple name given AKA AJAX)

well bro, i would put it this way: Short when it is near (your stop is known) and cover it using other indicators or at imp. support levels
KISS: Kindly Initiate Shorts Smartly

Renu (reply for question posted in other thread), since this is the nifty thread:

my suggestion, to start with, just keep a window open , suppose nifty is 4300/4400, add this months all calls & puts from 3800 to 5000 & watch, suddenly you will notice when direction is going to change few hours b4 that, more than usually buy / sell orders will start trickling in, ignore the small orders or 200/500, watch the direction of big trades... 5000 / 10000 single trade majority, after few days you will start getting the drift, note the direction, if you start getting right direction right few times, then you can trade on your reading... for example you see big trade after trade, calls are being sold & puts are being bought, the direction to come will be down... & vice versa, watch selling of options more cause retail public usually buy the, the operators are the one who sell....

as the month nears last week, shift the options to near month as this months options will be going thru profit booking not genuine trades... hope it helps...

Also note the reason I watch the options close is cause FII's have suddenly since last few months got the fascination to trade options more, if you see their O/I is 25% more atleast in options than Nifty futures... & to explain their move is simple, if the mob see's daily FII buy sell in futures they can judge whether they are buying more or selling more, but in options, the net figure tells you nothing cause say if they sold option but sold heavy puts they are bullish but in their EOD report it will show options sold, hope you understand what I meant...

Edit: & remember after a big move wait cause they will be booking profits not showing the next direction... also I personally sort the options by O/I column so the more traded ones are their on the top....

1st psrt is comp clear..

but one thing i am not so prompt as u guys are,.,,i am abit slow,,,and need more time to analsye,,,
so looking on intraday charts...then relative scrip prices,,and now on option watch list,, hope i can tolerate shall give a try on monday

renu

But this is perfect cause before the move they prepare for hours its not sudden so you take all the time you need to conclude.. does not require any quick / prompt decision & this is more over for position trades (though it does help in Intraday too...) , you will definitely notice, just start watching... during trading hours you can confirm with me or sunil what you see to help...

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hi, actually i am bit suffering from the same problem as renu pointd out,it is not being slow its vast scope of market that we as a single person cant keep track of,( i recommend a book ' getting things done fast ' by david allen ,its a must read for non institution player,skip this if u guys already did ).... i am coming with idea, see we all here to help and learn,we all are single human being against fii,hedge funds,mfs n others..lot of ppl work for them,they hv state of art softwares,probability analyzer softwares n god knows what what,n if u thought to track each and every thing trust me its eat ur brain out,,& u suffer the insomnia ,why dont we start sharing the task? one person will post here nifty open interest,one put call ratio , one with 5 major nifty stocks active calls/puts, one with international markets ( hedge funds,fiis who are offshore ppl,and what happening offshore affects there psyche along with financial interconnectivity )else we have to surf here & there

ok alex you look after the DII's & options , Laxya you after the hedge funds & fIIs, will be appropriate since alex works in the day & laxya in the night kidding

but what is say is a good idea to form our own team to combat the biggies moves & analyst them... infact that was the original intention of this thread, to bring all differrent analysis under one roof to reach conclusions faster

hi czar,typing from cell,so if not u not understnd wt i typing,blame it on cell,see.. the main goal to xchang charts is sharpening our ta skills n learn more,but placing a trade n earn by our self bettr judgemnt is total diff thing,very thin margin btwn 2,wt i proposinz v add data only here,say weekends,n let shoot charts basd on em,den filter out ur own indicators n styles cut d noiz n place a tread..hope ya get wt i said haha cya njoy,..alex