Nifty Futures Trading

[rajaram.dilipkumar]

Plz consult your charts is it HH / HL or LH / LL until now,& convey.

it is ll/lh on 5 min ... s/l right now for short at 3651 + 5...looks like gap closing is on the cards or just a consolidation. No trades till now yet !

 

[rajaram.dilipkumar]

RD how is b.engulf possible ? still we are in the 1st bar today after gap up ... so last hourly bar is way behind ??? please explain...

it is czar ,as the first 5 min is taken by me as a separate hourly bar and the current one that closes at 11 a.m. could be a bea.eng....will update at 11

 

[Sunil]

Plz consult your charts is it HH / HL or LH / LL until now,& convey.

well, if i see in only today's intraday chart, then a visible LL LH...

but over 2-3 days, (and as u rightly said about renu), we have to look out for the HL

in spot, this HL might come at 3536-50 belt.. or max, it may just close the gap up...
as long as we r above yest's HOD, nothing "bearish"...
i reckon, it's just RSI cooling, with some downmove or sideways move...
3650 is the border as of now between bulls & bears

 

[Czar]

Oh you cant possible twist an hourly bar into 5 mins

also its consolidation after a hugh move, but I would'nt pay attention to the engulfing... IMHO

 

[Sunil]

my eyes are desperately looking out for an inside bar in 60 min....
still more than 50 mins to go for that....

 

[rajaram.dilipkumar]

also its consolidation after a hugh move, but I would'nt pay attention to the engulfing... IMHO

so that eternal bull from dalal st is back ..........need more bulls like you mate.
Now neither in nifty nor in futures we have a bearish engulfing but we had one developing in nifty between 10-11....
Note not all 5 min bars are treated as hourly bars apart from the opening one as it is 18 hours of all information available to man in one candle.

 

[orderflow13]

sunil did we form inside bar on hourly ?
edit .. ohh just saw ur post above sory ... so we havent break yet right ?

 

[orderflow13]

3646 h and 3610 l spot nifty is this correct inside bar on 60 ?

 

[Sunil]

3646 h and 3610 l spot nifty is this correct inside bar on 60 ?

alex, no spot....
i m watching FUT.... wait for 30 mins now...

 

[Sunil]

sheeesh...
even if it's an inside bar now in 60 min, iw on't be to happy if it breaks on upside....
target 1 is negligible (though one cannot rule out further move up - but that wont be purely coz of inside bar)...
downside break would be interesting