BollingerBands

[columbus]

EOD=19.3.12 ................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=20.3.12 ................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=21.3.12 ................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.

 

[timepass]

Very narrow bands - BB width = 289.5.. Does it mean lower volatility ?

 

[columbus]

Very narrow bands - BB width = 289.5.. Does it mean lower volatility ?

Hi TP,

certainly YES.BB width on daily basis may not be useful,over a period will
certainly help.

 

[timepass]

Hi TP,

certainly YES.BB width on daily basis may not be useful,over a period will
certainly help.

BB = 5201-5491

So, in a way, it confirms your interpretation of the put & call options . Also, it means that either band isn't too far and can be hit.

 

[timepass]

Very narrow bands. In the past such narrowness has yielded to violent moves (up or down) (the first chart below).

Is the present candle pattern similar to late December-Jan scene ?? Of course, then it happened at the bottom, now we are coming off the top (the second chart).

 

[columbus]

EOD=22.3.12 ................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]

Very narrow bands. In the past such narrowness has yielded to violent moves (up or down) (the first chart below).

Is the present candle pattern similar to late December-Jan scene ?? Of course, then it happened at the bottom, now we are coming off the top (the second chart).

TP,

we are at 5228.SMA-20 has not turned WHITE.10-EMA is below SMA-20.
we follow the trend.The chances are more, in Downside as of now.

 

[columbus]

EOD=23.3.12 ................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.