Daily Tryst with Nifty

[WOD]

Looks like nifty wants to play around 4510 and 4530.....will sell my CE if nifty goes below 4500 and will happily keep my CE above 4530 breakout...

 

[Sunil]

PT bhai, today break your own record......
post one chart of CAIRN

my wish is to see one chart with your name, please.

 

[lazytrader]

Cairn showing resistence at 250 going there n coming down
people with TA knowledge says its tripple top n I say its ready to jump to never comeback down again hahahah lets see

There's no triple top on cairn. There's room till 260 atleast without any major problem.

 

[WOD]

I-Hns on 60 min ..neckline 4500 and head at 4450......target as 4550......lets see......

 

[lazytrader]

It's not worthwhile to try to check Bar Chart Patterns on NIFTY EOD (SPOT), the bars are not correct due to the hypothetical open price policy of NSE.
One should better check the Futures Chart or Sensex Chart. One more reasons why the so called good thing (Inside Bar) is not plenty in life.

Hi sunil, what is this guy talking about?
How are opening prices calculated on NSE now? can't find anything on google.

 

[lazytrader]

I-Hns on 60 min ..neckline 4500 and head at 4450......target as 4550......lets see......

Can you post chart? I don't see anything on hourly.

 

[MurAtt]

Hi sunil, what is this guy talking about?
How are opening prices calculated on NSE now? can't find anything on google.

Open price on NSE SPOT is taken as y'days close price. Compulsorily.
Therefore you do not find any gaps in NSpot. Now if close of stock is say 412 and open at 419, then the first candle will be a white one with 7rs value.
In futures, it will show a gap.
Inversely true too (i.e. for gap down)

 

[WOD]

Looks like nifty wants to play around 4510 and 4530.....will sell my CE if nifty goes below 4500 and will happily keep my CE above 4530 breakout...

Well, we have a breakout...nifty should not returning back to 4525 now....

 

[Sunil]

Both wishes fulfilled...

As per Future, it's NR7 + IB
As per Spot, it's NR4 (thanks to today's invisible high of 4524)

Range contraction is evident - 70pts instead of normal/average 100+pts
Spot's rectangle ready - 4450 & 4500

HAPPY SOLAR ECLIPSE DAY TOMORROW

As long as 4440 holds, bulls have a chance to comeback above 4500.
Above 4500, they have to deal with the 4530 zone, before lunch break at 4550.

who wants "lunch break" so soon...??? !!!

:clap::yahoo:

now for some :eat:

 

[WOD]

Can you post chart? I don't see anything on hourly.

LT....will it be fine If I upload this chart EOB?