NIFTY 50 future TRENDS

[timepass]

Neither a shark nor a dolphin, it's an optometrist performing an eyesight test

 

[Taurus1]

Does he assume that it is a shark?

Can be a friendly Dolphin - maybe going around to offer him a ride on its back :lol:

=

 

[sudoku1]

NF trend UP
tgt 5333

 

[timepass]

And today Bank Nifty Futures in Discount of 25 points.

Maybe so, but the chart is showing a "Can't keep me down" kind of pinbar on the daily, and the oscillators aren't yet showing any major fatigue. The down move that happened today was perhaps because of the SC ruling about the telecom companies - their bankers will be affected too. But the BNF did manage to bounce back smartly.

 

[EagleOne]

Maybe so, but the chart is showing a "Can't keep me down" kind of pinbar on the daily, and the oscillators aren't yet showing any major fatigue. The down move that happened today was perhaps because of the SC ruling about the telecom companies - their bankers will be affected too. But the BNF did manage to bounce back smartly.

Even the live price action was healthy and resistant to bearish pressure. However, as the damn thing is under the TL and was making flat tops on lower TFs, I bought an OTM PE in the end to hedge my long. If a mjor gap up opens tomorrow, the price of PE will be covered half way through to my target, and with some loose change to spare!

 

[timepass]

Even the live price action was healthy and resistant to bearish pressure. However, as the damn thing is under the TL and was making flat tops on lower TFs, I bought an OTM PE in the end to hedge my long. If a mjor gap up opens tomorrow, the price of PE will be covered half way through to my target, and with some loose change to spare!

Yeah, the Nifty chart also looks the same.

 

[EagleOne]

Yeah, the Nifty chart also looks the same.

That's right. With an added feature: the flat bottoms.

Best case: bulls are absorbing the supply with both hands (horns).
Worst: Their feet are about to be dug out of the ground. And then we will all hear them singing:

Aaj rapat jaayein, toh
Humey na uthiyo
Humey jo uthiyo, toh
khud bhi rapat jaeeyo.
:lol:

 

[timepass]

That's right. With an added feature: the flat bottoms.

Bhai, couldn't understand "flat bottoms" properly. If possible explain with a chart.

 

[EagleOne]

Bhai, couldn't understand "flat bottoms" properly. If possible explain with a chart.

Also check Bank nifty stochs' -ve div

-------------------

 

[EagleOne]

Casper, are you alright. man? Anyway, this is is for you. Your favorite Lata Mangeshkar. I hope you'd like it.
I first heard this song on a paanshop radio while coming from school. It still sounds fresh as it did that afternoon.
(And, boss, I don't think there would ever be a more beautiful couple on bollywood screen than Hema and Dharm (saada punjabi paau ))

http://youtu.be/haQ0X3GLUQg


Enjoy.