BollingerBands

[timepass]

Bollingerbands for Thursday, 17th May, 2012.

Looks green today, but the bar is a "Can't keep it up" kind of pinbar. The bar is still below 7EMA, missing it by a whisker. That makes it the Eleventh candle below 7EMA !! The bearishness continues and the bands are still expanding. (Range : 5346-4801, Width : 545). Both the MAs are aligned with the lower BB.

India vix = 23.59, NF ATP = 4870.74, LTP = 4852.05

 

[timepass]

Bollingerbands for Friday, 18th May, 2012.

A wide ranging day, nearly touching the lower BB on the downside and nearly touching the 7EMA on the upside !! But it didn't quite cross yesterday's high. Now we have Twelfth day below 7EMA, that's quite a trend . BB range is 5335-4781 and the width is 554.

India vix = 23.55, NF ATP = 4705, LTP = 4827

Today's the ATP is below yesterday's.


Weekly

Lower BB touched this week. The chart shows weakness overall, but pinbar readers will take some satisfaction from the fact that the weekly opening and closing are in the upper half of the bar. 7EMA is suitably red while the 20SMA still thinks that uptrend is intact (green . The bands are narrowing, indicating that nifty maybe rangebound between 4791-5616 in the coming weeks.

 

[columbus]

Jan & Feb ...Up trend, March & April ....No trend and May onwards...Downtrend
How long will it continue?

 

[timepass]

Jan & Feb ...Up trend, March & April ....No trend and May onwards...Downtrend
How long will it continue?

Up or down, traders make money so long there is a trend. In no trend, option sellers make money.

 

[timepass]

Bollingerbands for Monday, 21st May, 2012.

Finally the bar touches the 7EMA.. after 12 trading sessions. But both the EMAs are still red and today's bar has closed just below 7EMA. The range of BB is 5316-4769,width =547. It is still an iffy situation where the direction is concerned.

India Vix = 23.92, NF ATP = 4909, LTP = 4885.

 

[columbus]

EOD=22.5.12 ................7-month NIFTY-SPOT chart

Basically there are 2 lines in chart , 20-SMA in (WHITE+MAROON) colours
and 7-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.Another EMA (ema-8) serves the
purpose of darken EMA-7.

 

[timepass]

Bollingerbands for Wednesday, 23rd May, 2012.

The bar is below the 7EMA, but the shape is a "can't keep me down".. But both the EMAs are still red and trending down. The range of BB is 5283-4732,width =551. It is still an iffy situation where the direction is concerned, and the LTP = ATP, which is a rare situation. Vix has increased significantly, I can't remember vix at 27 for a long time, and this may portend further downside. Dollar is moving towards Rs.57 and at the time of this writing, Europe is in deep red. Let's see what rest of the week brings.

India Vix = 27.13, NF ATP = 4810.49, LTP = 4810.[/QUOTE]

 

[timepass]

Bollingerbands for Thursday, 24th May, 2012.

Today's bar crossed 7EMA and closed above it. 7EMA is now green and slightly upturned, 20SMA is still red. The range of BB is 5259-4730,width =529 (slight narrowing. Nifty has closed way above today's ATP, so maybe tomorrow's session will be green early on. Also, at the time of this writing, the INR is strengthening against the dollar, and maybe that will also have a beneficial effect on the index, besides, India vix is down compared to yesterday.

India Vix = 25.49, NF ATP = 4869.27, LTP = 4923.

 

[timepass]

Bollingerbands for Friday, 25th May, 2012.

Today's bar again crossed 7EMA and closed above it. 7EMA is now green for the second day and upturned, 20SMA is still red. The range of BB is 5227-4733,width = 494 (slight narrowing). Nifty has closed above today's ATP, and today's ATP is above yesterday's ATP. . Also, at the time of this writing, the INR is strengthening against the dollar by about 35 paisa, and europe is trading mixed with a slightly negative bias. India vix is down slightly compared to yesterday.

India Vix = 25.14, NF ATP = 4906.72, LTP = 4927


NF Weekly

Although past performance is not a guarantee of future performance, the weekly candle is showing a typical reversal pattern. The fast MA, 7EMA, is still trending down while the median (20SMA) is uptrending, despite the candle touching lower BB today. Maybe it portends a greener next week, expiry and all.

 

[timepass]

Bollingerbands for Monday, 28th May, 2012.

Today's bar is completely above 7EMA and closed above 20SMA. 7EMA is now green for the third day and upturned, 20SMA is still red. The range of BB is 5181-4752,width = 429 (slight narrowing). Nifty has closed well above today's ATP, and today's ATP is above Friday's ATP. Also, at the time of this writing, the INR is strengthening against the dollar by about 35 paisa and heading towards the 55 mark, and europe is trading positive India vix is healthily down compared to Friday.

India Vix = 23.68, NF ATP = 4952.13, LTP = 4987.5

There's a huge gap between LTP and ATP showing sustained buying in the second half. Nifty is within touching distance of 5000 and on crossing it, may trigger further buying on sentiment. Let's see if tomorrow's candle is placed entirely above the 20SMA or not.