Price confirmation below day's low(5122) & Pivot(5102).
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At 11.42AM: Choppy above the Pivot(5102) & Day's Low @ 5122...
At 11.02AM: Nifty managed to close above 5136(High ema).
It may attempt the "Hour broadening form" target of 5175-5195,
provided 5129 holds.
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Conservative Trade: Not initiating
15 comments:
Sir can U plz provide shorting level & range?
Hi..Musti,
I have given in my "PreMarket View".
Now there is discount in NF. Also Combine the latest Tech table high, low ema to guide you..
And remember, Today's Pivot is 5102
Dear Ilangoji,
How can one best use SAR ???
Regards,
S Jain
Dera Ilangoji,
look at reliance chart, it has broken trendline running from last 2 yrs.seems it is giving direction to whole market for new highs.
Pankaj Shah
Hi..S H Jain,
SAR combined with intra TA indicators such as stochastics, macd and in a trending market, it works best.
Today post gap up, Nifty went into a sideways mode with just a spread of 20-25 points in each direction. Only a break out of this range will result in some profitable trades.
Or use small trendlines & EW study to capture those small points.
what is strange is the sgx nifty Jan futures are trading 5400+..what do we interpret from it??
Hi..Pankaj,
Reliance may help in the final upmove.
Hi..Shaq,
Those are just 2 trades..freak ones..
Sir, now nifty has breached 5129 to a low of 5121 - what next sir?
hi..satheesh,
"Dip Buyers" will come as long as it trades above day's Pivot-5102.
As long as Daily is in uptrend, dip buyers will come in...
yes sir..they are only 2 trades...didnt see them...thanks
For Daily to turn down, it needs to close below "5109" and then "5055"..
hi llango,
could you help a bit in explaining how ur sheet works. having difficulty in figuring it out and where can i get the hourly values from?? my mail id is ankitsolanki@in.com
regards,
ankit.
There is a write up in the "Labels" section in "Tech Table".
Data can be taken from this link: (Or if you have India Bulls a/c)
http://www.nseindia.com/marketinfo/charting/OnlineContractIndexChart.jsp?instrument=FUTIDX&symbol=NIFTY&expirydate=29OCT2009&optiontype=&strikeprice=&indexname=S%26P+CNX+NIFTY&charttype=ONLINE_CONTRACT_INDEX&series=EQ&mkttype=N&key=&segment=FO&symb=&flag=0
HELLO SIR,
HOW CAN WE FIND THE NIFTY FUTURE'S EXACT AVERAGE PRICE.TODAY ITS LAST TRADE WAS 5115.80.WHAT WILL BE THE AVERAGE PRICE ?KINDLY HELP ME TO FIND THIS.
THANKING YOU.
Hi..Senthil,
It is not worth looking for average prices..And it changes as per the last 15-30 minutes prices. Besides I do not know how it is calculated.
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