BollingerBands

[columbus]

EOD=7.3.12 ................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.

[NSE-future chart is plotted instead of NSE-Spot.I think Sharekhan has not
updated at this moment.NF & NS gives the same trend except last few values.]

 

[timepass]

The lower band pierced by a bar of the OTHER color

 

[columbus]

The lower band pierced by a bar of the OTHER color

Hi Timepass,

6 Days back, we saw a BEARISH cross over.As long as the candles
are sandwiched between Lower BB and 10-EMA, we will hold the Short position.
Small Blue candles on Lower BB is OK, but panic button is pressed once
10-EMA is breached.

 

[timepass]

Hi Timepass,

6 Days back, we saw a BEARISH cross over.As long as the candles
are sandwiched between Lower BB and 10-EMA, we will hold the Short position.
Small Blue candles on Lower BB is OK, but panic button is pressed once
10-EMA is breached.

Right. Such "touches" happened on the way up also.

 

[columbus]

EOD=9.3.12 ................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.

 

[columbus]

EOD=12.3.12 ................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.

 

[columbus]

Looks like 10-EMA is breached,next couple of days are very crucial to take
a decision,before that intraday trading with lesser lots is ideal strategy.
Positives:Good IIP numbers and CRR cut.
Negativesoor performance of Congress in elections and Petro-hike.

 

[columbus]

EOD=13.3.12 ................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.

Just in 3 days the middle SMA-20 turned from Maroon to White as market
moved very rapidly.

 

[columbus]

EOD=14.3.12 ................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.

 

[columbus]

EOD=16.3.12 ................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.