Hi CB, where do you see nifty by expiry??holding nifty future,tcs shorts.

ok thanks CB sir. How much would it see in short term - any probable timeframe?
sorry for disturbing u time n again.

Hi CB, Hello guru, I took Tata chemicals at 351, for few days. what is your view. S/L, target, time, waiting from morning for you....

Hi M2M, it is nest - omneysis .. broker provides ..Not up to the mark.. for end of the day try bazaartrend..

Hi cerulean/SM, Thanks for info..Any Trading Call today.. (today is first trade in commodity)

Hi SM, what do you see in candle chart of nifty?any idea of expiry level next week??

Hi M2M, welcome ..

Hi cerulean, Yes, crude is in uptrend as of now. Very difficult to predict weakness, when in a trend. What we can try, is to find out reversal signals. For example in an uptrend when MA crossover happens in the sense that the smaller MA crosses below the bigger MA from the top, there will be some kind of weakness. But this method has a limitation. As MA are lagging indicators, it will give you a delayed entry. Also can look for PSAR. Sometimes works wonders. Placing shorts at upper band of BB can yield good results but here also two limitations :
1) Lets say price is at middle band and you place short order at the upper band. As time progresses and charts build up if your limit short order is not triggered, please remember that the BB moves, and so is the upper band and you need to change/modify your order
2) Price can penetrate the upper band and stay above it for a longer time (when the security is in uptrend)... and thus your short order is triggered and you see price not coming down. Will test your patience then

When there is some announcement of some imp data in commodities, better not to trade at that juncture, cause you never know how price will behave for few minutes and any SL in the system can be easily taken out :)