BollingerBands

[columbus]

EOD=13.2.12 ................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.

I think SK has not Nifty chart ,so Nifty Future is plotted instead of NS.

 

[timepass]

Narrowing.. top flattening.. fingers crossed.

 

[columbus]

Narrowing.. top flattening.. fingers crossed.

...looks like a reversal in making....

 

[trade4joisar]

Narrowing.. top flattening.. fingers crossed.

...looks like a reversal in making....

I did not understood, how you looks like a reversal?

 

[timepass]

I did not understood, how you looks like a reversal?

If not a reversal, then at least a correction, The candles have been away from the upper BB for 5-6 sessions, they are not moving in the direction of either upper BB or lower BB, but towards the center. Maybe they will dip towards the center once, then we will see whether it bounces back or there is a crossover.

Mind you, the upper BB at 5513 isn't very far either (Nifty spot)

If you read up Uttamkamlesh's thread, you will find that 7th Feb is a "market structure high" with 9th feb as the shorting opportunity.

 

[timepass]

You can trade the daily using Columbus's "EMA strip in BB" with the rule "If 3EMA is parallel to the band then you can take a trade in the direction of that band". I'm not using it though, but the picture is very descriptive makes it easy to decide.

 

[columbus]

EOD=14.2.12 ................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.

Once again NF is plotted instead of NS ,as data not available with sharekhan.

 

[columbus]

EOD=15.2.12 ................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.

Once again NF is plotted instead of NS ,as data not available with sharekhan
as of now.

 

[columbus]

EOD=16.2.12 ................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.

Once again NF is plotted instead of NS ,as data not available with sharekhan
as of now.

 

[columbus]

EOD=17.2.12 ................7-month NIFTY-Spot 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.