BollingerBands

[columbus]

Regarding your comment about nifty touching upper BB, it still is between BB(20,2) and BB(20,1) .. So, I guess we could ride the trend.

Anyway, the bands may contract and the bottom may not remain at 5228

Hi Timepass,

I hope the question is addressed to me.I made the statement of candle
piercing top band 3 trading days back.

 

[timepass]

Hi Timepass,

I hope the question is addressed to me.I made the statement of candle
piercing top band 3 trading days back.

Goodness !!! Didn't notice the date, must've missed it then. Anyway, since there has not been a steep fall, maybe we can consider last 3 days as consolidation for another upthrust.



PS : I am hoping for it because I'm holding 5700CE

 

[columbus]

EOD=7.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=8.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=11.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=12.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[columbus]

EOD=13.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.

 

[PPGAFOOR]

sir, what is ur prediction from today's chart? A reversal to 5650 -5700 leval before falls to lower band?

 

[columbus]

sir, what is ur prediction from today's chart? A reversal to 5650 -5700 leval before falls to lower band?

Hi PPGAFOOR,

To be frank, I expected the market to go down today.On contrary ,it gained
and only last hour saw some erosion in the market,that too deeply.

 

[columbus]

EOD=14.7.11 ................7-month NIFTY chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 10-ema in VIOLET colour.In bullish conditions 20SMA will in White
colour and bearish condition it will be in Maroon colour.Violet colour line
decides the momentum of market, mostly.