NIFTY 50 future TRENDS

[essem]

Dear Seniors pls analyze the VIX chart, i would like to know the observation correct or not?

http://postimage.org/image/y7zin886r/

 

[Blitzz]

Depends on future price action and also volumes on 1 min charts which i regularly gauge for chances of reversal.

Look at the 1 min candle for 1:11-1:12pm, check the volumes. Its quite an easy signal that bulls have rejected the breakdown of the day low and will take control. With low of the candle as stop loss one could have easily made 3-4R which is very very good for day trading.

 

[Blitzz]

image host

chart for refrence

 

[timepass]

Look at the 1 min candle for 1:11-1:12pm, check the volumes. Its quite an easy signal that bulls have rejected the breakdown of the day low and will take control. With low of the candle as stop loss one could have easily made 3-4R which is very very good for day trading.

Couldn't understand this logic. To me it seems like selling with volumes

 

[Blitzz]

Couldn't understand this logic. To me it seems like selling with volumes

See the chart i posted.

 

[timepass]

See the chart i posted.

I saw your chart, but how does it signify rejection by the bulls

 

[Blitzz]

I saw your chart, but how does it signify rejection by the bulls

Look at 1st big red candle : Vol 100k Move 6 points down.
2nd red candle : vol 75k move 3-4 points down
3rd small candle : vol 100k move 2 point Sideways with tail.

Means big sell orders came but were absorbed in 2 point range only.

Other imp points :

1) Action is taking at day low.
2) Short term trend still up.
3) The breakdown was not a wild one (big 15-25 point bearish candle with 300k-500k vol )

 

[manoharpillai]

Look at 1st big red candle : Vol 100k Move 6 points down.
2nd red candle : vol 75k move 3-4 points down
3rd small candle : vol 100k move 2 point Sideways with tail.

Means big sell orders came but were absorbed in 2 point range only.

Other imp points :

1) Action is taking at day low.
2) Short term trend still up.
3) The breakdown was not a wild one (big 15-25 point bearish candle with 300k-500k vol )

Selling on the basis of outstanding open order position(High volume in less points) either Long or short covered at.... for rollover purpose this sort of volume based selling at fag end of expiry is common

 

[del_66]

Classic game! lets see who's got deep pockets... bulls or bears..

 

[manoharpillai]

Spot 4894 to be tested tomorrow.