Nifty Futures Trading Strategy

[RajK]

Hi raj K
Willreply later

updted nifty ftrs hourly chart . A small breakout is seen

macd making higher bottoms time to go long

Thanks tanewbie,

I'll be awaiting your reply.

 

[tanewbie]

Updated Nifty futures hourly charts . Nifty moved up after hitting my stop loss! Stop should have been few points lower than the hourly low.

 

[tanewbie]

Hi Rajk

I get realtime data from http://www.stoxtrend.com

All details are available there in the site.

 

[tanewbie]

Nifty futures hourly chart with FIBO

 

[kannamthanam]

Now the system would give a sell signal on a close below 2028 of nifty current month -(or a close below 2043 of nifty spot) - as of today.

 

[tanewbie]

Hi Kannamthanam

Why try to predict ? I think its better to follow the trend by selecting the time frame you are most comfortable with.

I tried forecasting the level at whihc macd will give cross over and it was 2074 some time early trading hours yesterday but today at 2053 it made the crosover. So its not worthwhile predicting.

Right now Nifty's trend is up

 

[kannamthanam]

My dear tanewbie.

I entirely agree with you-we must not try to predict the market but follow the trend.In the above post what I said was - as per the trading system indicated by the charts provided by TradingSystems, at present the stop and reversal point is a close below 2028 as of now (and this figure would change whenever market makes a still higher low).This is a statement of fact or observation and not an attempt at prediction.Hope I have made myself clear.

Thank you very much for providing the highly useful hourly charts.

Best regards

K Kannamthanam

 

[TradingSystems]

See attached chart for an interesting development!

 

[tanewbie]

all psu banks have given a buy on hourly charts mainly due to some article in ET abt FII investments.

Attaching canbank hourly chart.

 

[just4trades]

How do u get these data ? Softwares ? Or Tips from any experts ?