BollingerBands

[columbus]

EOD=27.1.12 ................7-month NIFTY-Future 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.

 

[trade4joisar]

EOD=27.1.12 ................7-month NIFTY-Future 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.

Depend on your past experience, after how many candles market will go & touch either 10 EMA OR middle band ?

 

[columbus]

Hi t4j,

Difficult to say.Anyway ,I am posting last 2 years data ,on weekly basis.
In 2010 ,barring 4 or 5 candles ,the market was in bull condition
(most of the candles were in TOP band) and in 2011 it was not so.In fact
candles were concentrated in Lower Band.As long as trend is there ride it.

 

[columbus]

EOD=30.1.12 ................7-month NIFTY-Future 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.

 

[trade4joisar]

EOD=30.1.12 ................7-month NIFTY-Future 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.

Journey started towards mid of BB?

It was a very strong.

 

[columbus]

Journey started towards mid of BB?

It was a very strong.

I think NOVEMBER picture is re-emerging.

 

[timepass]

I would relate it more to July picture. I think there will be a double top around in 5200-5300 zone, then further picture will be revealed. Meanwhile, I think Feb series will be simply whiled away in rangebound manner due to elections. We will be driven mostly by global cues. Today's downturn was a reaction to Fitch downgrades on Friday, and some negative news about Reliance and KG-D6. The Greece agreement will come out in a few days.

In the picture below, I have incorporated 100MA also, though not sure how it will affect the movement. Maybe nifty will bounce off it. Mind you, some members here have expressed the opinion that 20 crossover 100 should be counted as the Golden Cross.

 

[columbus]

I would relate it more to July picture. I think there will be a double top around in 5200-5300 zone, then further picture will be revealed. Meanwhile, I think Feb series will be simply whiled away in rangebound manner due to elections. We will be driven mostly by global cues. Today's downturn was a reaction to Fitch downgrades on Friday, and some negative news about Reliance and KG-D6. The Greece agreement will come out in a few days.

In the picture below, I have incorporated 100MA also, though not sure how it will affect the movement. Maybe nifty will bounce off it. Mind you, some members here have expressed the opinion that 20 crossover 100 should be counted as the Golden Cross.

Hi timepass,

CAUTION is the catchword for next few weeks on account of elections
in some states.
20-100 crossover will help the positional traders a lot.

 

[columbus]

EOD=31.1.12 ................7-month NIFTY-Future 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=1.2.12 ................7-month NIFTY-Future 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.