Indian Markets Futures Trend Update - 19 January 2011

Nifty Futures
Swing : DOWN
SAR : 5800
Low risk entry : 5740
Target : 5620

http://financeandtradingmadeeasy.blogspot.com/
     
Bank Nifty Futures
Swing  : DOWN
SAR :10900
Low risk entry : 10700
Target :10350
Posted by A J at
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16 comments:

  1. abhishekTuesday, January 18, 2011 7:46:00 PM

    @ Anuj

    Good eve.

    Now out of 3 lot remain 1 lot of niftyfuture,
    is it worth to add 1 more lot at LRE @ 5740 ?

    Thanks.

    ReplyDelete
  2. A JTuesday, January 18, 2011 8:17:00 PM

    Hi abhishek,
    Good eve,we are in this downtrend for quite some time now,and consensus is building for a bearish trend.Everybody was watching 5700 on chart [double, triple and quadruple bottom...and what not :) ] that level came and went,nothing much happened.I feel we are trying to make a base here and consider nifty to be sideways rather than down now.An easy trend channel can be drawn using last one week price pattern.I am trading this channel for the time being.More interested in buying than selling.Good point about low risk entry is that it keeps you in the direction of trend and momentum.Friday LRE gave close to 200 points intraday (must be a record of some sorts),such days dont come very often.
    Friday high is still far away,till then trend bias is still down.Plan accordingly.

    ReplyDelete
  3. r mWednesday, January 19, 2011 8:21:00 AM

    Good Morning Anuj!

    ReplyDelete
  4. abhishekWednesday, January 19, 2011 9:30:00 AM

    Good morning Anuj,

    Thanks for suggestion.

    ReplyDelete
  5. A JWednesday, January 19, 2011 9:32:00 AM

    Good morning everybody

    ReplyDelete
  6. chintamaniWednesday, January 19, 2011 9:46:00 AM

    Hi Anuj & all blog mates,

    Good morning.

    ReplyDelete
  7. amrutaWednesday, January 19, 2011 10:23:00 AM

    Anuj and all friends,

    Good morning.

    ReplyDelete
  8. PrabakarWednesday, January 19, 2011 10:33:00 AM

    Good Morning Anuj, RM.

    ReplyDelete
  9. PrabakarWednesday, January 19, 2011 10:34:00 AM

    Anuj, RM,

    If you could pl. let me know where i could find AFL code for amibroker for free download.

    ReplyDelete
  10. r mWednesday, January 19, 2011 10:36:00 AM

    @Prabakar

    Good Morning!
    I depend on google search for all my requirements. If you tell me your needs, I'll try to find out the appropriate AFL.

    ReplyDelete
  11. A JWednesday, January 19, 2011 10:55:00 AM

    Hi Prabakar,
    I dont use Amibroker, I was once interested in Metastock this link has a lot of formulas
    Should be easy to create your custom indicators using these perhaps...

    http://www.meta-formula.com/Metastock-All-Formulas.html

    Be selective otherwise it's a sure shot recipe for frustration! ;)

    ReplyDelete
  12. AnonymousWednesday, January 19, 2011 11:17:00 AM

    Anuj Bhai,

    Good morning.

    ReplyDelete
  13. UnknownWednesday, January 19, 2011 11:31:00 AM

    Good morning ALL.

    ReplyDelete
  14. PrabakarWednesday, January 19, 2011 11:38:00 AM

    @rm,

    As you are aware, i was trying to get my AB Working and somehow managed for shortterm. :) i don't know how long!!?

    I am not much aware of AFL, so if you could suggest and provide the one's which you feel ok for Day trading like auto buy/sell signals.

    ReplyDelete
  15. r mWednesday, January 19, 2011 11:42:00 AM

    @Prabakar

    What I meant was that which EMA, crossovers etc. you prefer for your trade, the AFL can be written accordingly.

    Re auto buy and sell triggers, you can get plenty such AFLs at marketcalls.in

    regards.

    ReplyDelete
  16. PrabakarWednesday, January 19, 2011 12:06:00 PM

    Thanks a lot Anuj and r m for the guidance.

    ReplyDelete

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