Daily Tryst with Nifty

[Sunil]

now near its yest HOD = 4610 fut / spot 4597


All the best, Doji
don't break 4575-70 zone.

HOD effect - waterfall --- now at CRUCIAL xx70

didn't take this short trade, as had less convinction


@ankit,
Seems like even stochs make effective divergence and seems like more effective than RSI!!!

At HOD, there was -ve divergence in stochs, but not RSI in 5min charts

 

[MurAtt]

WOD, now if it still fallssss and falllllsss - then we call it Dbl Top

 

[WOD]

WOD, now if it still fallssss and falllllsss - then we call it Dbl Top

Where is the double top.. I could not spot it...

 

[lazytrader]

Or it might close flat and we'll have 3 NR's in a ROW
Looks like timebomb is set for tomorrow

 

[MurAtt]

Where is the double top.. I could not spot it...

On EOD basis, 460x 1 day back and 460x today. So that is how Dbl Top will be BUT it has to falllllllll convincingly and that too below 4500-ish levels.

 

[Sunil]

a perfect step-ladder (20pts) apparent today in Fut:
4545-4565-4585-4605

20pts step

 

[lazytrader]

Where is the double top.. I could not spot it...

Now it has become a triple top at 4600.

 

[ag_fx]

@ankit,
Seems like even stochs make effective divergence and seems like more effective than RSI!!!

At HOD, there was -ve divergence in stochs, but not RSI in 5min charts

Just to add to thispoint...the after noon lows of xx42 also showed a positive divergence on stochs....

 

[MurAtt]

Or it might close flat and we'll have 3 NR's in a ROW
Looks like timebomb is set for tomorrow

Or the movers may decide to shake the community and make it NR7-4
Contrarian mind thinking overtime ....
Then affter expiry the bomb can explode ......

Too many pockets may lose if mkts to move mucho anyside - what say

 

[Sunil]

Or it might close flat and we'll have 3 NR's in a ROW
Looks like timebomb is set for tomorrow

now u realise why i don't prefer SPot's values for NR calculation.....
There was no NR in EOD chart yesterday, as per FUTURE

By taking a wrong scrip as base, I don't want the NR concept to be tagged as failure.