Nifty Futures Trading Part 2 (Positional)

[Czar]

vivek, just wanted to add something to your S&P 1260...

if you have access to Economic times, then in it's weekly monday special issue, in the last page, there's good nifty analysis for the gone & coming week; it really cuts the "noise" out...
one thing mentioned regularly in that article is the importance of Dow Jones' 11750 & 11000 level. Breakout on either side is needed to set the trend for global markets...
i respect this analyst's views from previous experience... let's see where things head to...

Nope I dont read, but its same range as S&P but only thing I would take 11.3K not 11K... & +ve above 11890, though I believe it should have gone to atleast 12200/300 levels... though most TA's follow S&P than Dow, its like our sensex & Nifty

 

[mitasatyajit]

SATYA:
I am nix at reading from your chart.
But what's the message in lay words ?
Thanks,
j.

Messages :
1. If u r in long position, keep till u r above UT line.
2. Limit ur long position upto Red Line i.e. till 4658 (monthly resistance).
3. If u r having no position, wait to take position at primary trendline.
4. Take short position when price breaks primary trendline.

Regards.

 

[mitasatyajit]

Satya, what is your take for tomorrow? Do you see it going up or down? As always your charts are much appreciated.

When I went Himalaya, a saint "Line Baba" gave me the lines. See Nifty maintains the lines in the chart as an obediant follower. Appreciation must go to that Sadhu - "Line Baba".

So Line Baba Zindabad.

Regards.

 

[mitasatyajit]

SATYA:
I am nix at reading from your chart.
But what's the message in lay words ?
Thanks,
j.

http://www.traderji.com/general-trading-investing-chat/21384-sharing-trading-technique.html

If u still have any problem in understanding, please read above.

Regards.

 

[renu daga]

to whom are u pointing ,,sat da,,, saint>>>

renu

 

[mitasatyajit]

to whom are u pointing ,,sat da,,, saint>>>

renu

No Renu, donot misunderstand. I am not pointing to any of the persons in traderji / my friend circle.

I said when I went to Himalayas. If u go there u can also meet him. He is "Line Baba", he will also give u many lines so that u can also use them. I think u also went there, as u sometimes use lines.

U will see many of the friends here, will buy tickets for Himalayas. akul already started, he posted charts for Guj NRE Coke today.

 

[arnav_rulz]

http://www.traderji.com/general-trading-investing-chat/21384-sharing-trading-technique.html

If u still have any problem in understanding, please read above.

Regards.

MY god just read it ..

Must say very very nicely and sweetly presented... Looks Like such a friendly presentation...

good work,
Thanks a lot

 

[renu daga]

rgt,,, was joking!!

renu

 

[rishig38]

any positional trade guys? Satya? Czar? Alex?

 

[Czar]

Hey Rishi, No fresh positions taken in nifty, lot of other stocks to play with, holding hedged nifty calls as mentioned earlier....