Nifty Futures Trading

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Sunil

Well-Known Member


Interesting way to begin the new year, with a series of Inside Bars IN MONTHLY CHARTS

Textbook says:
Above 3110, atleast 3240
Below 2570, atleast 2502

sheesh...!!!
this is what everybody knows till now
:D


Rajaram.Dilipkumar,
A special attention here please...
Once you had remarked, that Nifty has not even reached oversold conditions, after Jan08 & Jun08 mayhem, as per RSI in monthly charts.
Well, your wish has been fulfilled in the beginning of the new year...As at close yesterday, RSI(14) is 25!!!
cheers
:)


(others, please ignore RSI(14) in monthly charts... as u can see, it shos that it was over-bought thru out 2004-07, but we still had a bumper rally)
 
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