Nifty Futures Trading Part 2 (Positional)

[parttimetrader]

tsunil, learn2trade - Shouldn't the 100% line in learn2trade's fibonacci levels be drawn from the closing price level of the candle (it was a down-day), instead of the top of the candle (which signifies open)? Unless you prefer to work with intra-day highs/lows, it might be insightful to look at these levels using closing prices.

 

[uasish]

alex, these charts not only speak thousand words about nifty,
but also speak more than a thousand words about the hardwork & dedication with which you have copied, edited & posted these charts...

GOD BLESS YOU...

Not only Second Sunil's view but also appreciate your Dedication & Team Spirit to jointly Tackle the Uncertain Future.

 

[Sunil]

Ashish (parttime, i hope this is ur right name):

Here's a chart which will show u the relevant extreme ends for FIB calculation in current scenario... its web-sourced & for FUT levels...

FIB are generally calculated using the LOD & HOD of the relevant days (ie the extreme ends)
if u have a charting software (or even ur broker-provided Odin / Tradeanywhere) will have this feature... just display EOD chart in "line bar format" & connect the 2 extreme ends using Tools-> Fibonacci retracement levels option
all the key levels will be displayed

 

[praveen taneja]

dow fut now -39 n sgx nifty at 4349 hav a nice day to all of u

 

[lalpar]

da,

Market will remain choppy today will hold hedged position

 

[learn2trade08]

dear satyajit'sir...
how come there is no coffee offered today?

 

[mitasatyajit]

dear satyajit'sir...
how come there is no coffee offered today?

There is no time to take coffee today, though someone is sitting on 4246-4250 chair. Give them supply whatever they want to buy. Their strength is less than us.

 

[Czar]

I believe the range bound market is about to end soon... ofcourse for intraday these levels seem fine, but I am sticking to the position trade I have

I may be totally wrong but I see a move till 4250 atleast, Please nobody take this as a call its only for discussion sake...

Alex: Hourly, only after a hourly pull back can i judge how further we can fall, so i ride the shorts till then..

trading range will only break on breaking 4200, still not...

level to watch 4220 & 4350 spot... break of any on closing will be crucial

PS: will be out mostly today...

 

[lalpar]

da squared all positions..waiting for 4240

 

[mitasatyajit]

4240 broken, now someone is waiting at 4195 - 4200 for giving some donation to market.