BollingerBands

[timepass]

Hey TP
This is not today's chart, is it?

Oops.. my bad. Corrected now in the original.

Thanks.

 

[timepass]

Bollingerbands for Monday, 18th June :

A wide ranging day, opened at upper BB and then closed below 7EMA !! 7EMA is now red and flat but 20SMA is still green and uptrending. The "Open Mouth" of the moving averages still exists but has narrowed down to 91 points. The bands are slightly wider (Range : 5175-4784, Width : 391).

The cues are not very positive:

1) The index has made a lower low than previous three sessions.
2) Today's ATP is 125 points lower than the previous session, proving the heavy selling that took place.
3) Today's LTP is about 30 points below the ATP.
4) The rupee has weakened against the dollar by about 51 paisa !! The dollar index is trading at 81.81.

Strangely, despite the big fall India vix is down. I don't know how it is calculated

India Vix = 22.6, NF ATP = 5095.28, LTP = 5066

 

[columbus]

(Courtesy:NSEINDIA)

 

[timepass]

(Courtesy:NSEINDIA)

This is strange. It means that despite the downfall, the market expects more stability ?? Possible upside ahead ??

 

[columbus]

This is strange. It means that despite the downfall, the market expects more stability ?? Possible upside ahead ??

VIX talks about Volatility rather Stability.

We had a caution thrown in ,by India's Chief Economic Adviser,KAUSHIK BASU,
about FITCH 'S REVISION OF INDIA OUTLOOK TO NEGATIVE.

"Earlier, Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve."

 

[timepass]

VIX talks about Volatility rather Stability.

We had a caution thrown in ,by India's Chief Economic Adviser,KAUSHIK BASU,
about FITCH 'S REVISION OF INDIA OUTLOOK TO NEGATIVE.

"Earlier, Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve."

Yeah, so lower Vix means a step towards stability, IMO. Maybe that was the scene before the Fitch Bomb

 

[columbus]

Yeah, so lower Vix means a step towards stability, IMO.

On FRIDAY (15.6.12)we had VIX at 25.54
Today (18.6.12) ,we had VIX at 22.6.
Today ,Nifty lost -75 points.(Emotions played a lot ,today)
So,lower VIX need not guarantee a step towards stability.
It will be so ,provided same set conditions co-exist which is impossible
to achieve.(Global as well as Domestic)

 

[sid2012]

On FRIDAY (15.6.12)we had VIX at 25.54
Today (18.6.12) ,we had VIX at 22.6.
Today ,Nifty lost -75 points.(Emotions played a lot ,today)
So,lower VIX need not guarantee a step towards stability.
It will be so ,provided same set conditions co-exist which is impossible
to achieve.(Global as well as Domestic)

The vix being down means we will possibly be seeing a bearish market tomorrow. A flattish open succeeding a gentle slide. Big candles like today should be missing. Lets see.

 

[timepass]

The vix being down means we will possibly be seeing a bearish market tomorrow. A flattish open succeeding a gentle slide. Big candles like today should be missing. Lets see.

A lower vix generally sees upside, a higher vix generally sees upside. Even today, on the open, vix was 21.xx, then climbed higher.

 

[vinst]

A lower vix generally sees upside, a higher vix generally sees upside. Even today, on the open, vix was 21.xx, then climbed higher.

is it like this :

A lower vix generally sees upside, a higher vix generally sees downside ?