Nifty Futures Trading

[Sunil]

market just gone towards 2800 to give him good bye kiss after making double bottom....market normally not leaving level without do that...& give us chance to scalp more....

thanx sunil bhai for this funda...

well, 1-2-3 goodbye kiss for me is actually SPOT 2810-13.

Also, check out 60min RSI... it was 18 as on Friday's close.
Today's first two bars in red (with the second bar a WRB) would have brought it to sub-15.
Not surprised to see the current bar in green...
Though not that necessary, I would like the next bar (12 to 1) also end in green....
so, that 60min's RSI cools off & GIRAFFE can quench its thirst peacefully...


Speaking of kisses & smooches, where's RakeshG...
I had put forward my explanation of this 1-2-3 method in this "romantic" angle to him first around a month back...

 

[Sunil]

IIP number growth in POSITIVE (@ 2.4%)

expected was in NEGATIVE

 

[Sunil]

Vineet,

Generally, big gap-downs & gap-ups are followed by some cooling off / pullbacks...
theory/textbook says: Go SHORT / LONG on such pullbacks (as the case may be)

I'll post one googlepages chart, wherein one can know exactly where the pullback will stop, and where one can initiate short trade in case of gap-down + pullback; and similiarly, where one can initiate long trade after a gap-up+pullback

 

[myvineet]

Vineet,

Generally, big gap-downs & gap-ups are followed by some cooling off / pullbacks...
theory/textbook says: Go SHORT / LONG on such pullbacks (as the case may be)

I'll post one googlepages chart, wherein one can know exactly where the pullback will stop, and where one can initiate short trade in case of gap-down + pullback; and similiarly, where one can initiate long trade after a gap-up+pullback

eagerly wait for that sunil bhai...

 

[Sunil]

Inside bar target achieved....

have a look at the time when it broke on upside.... it was a freaky move from 11:59 to 12:02....
no chance to define entry level...
if, after 12:02 & pullback, it had risen to 2813, then i would have gone long...
thankfully, it did not...
(i had 1min RSI giving a dirty look to me)

 

[Sunil]

grrr...
bullish RSI divergence in 1min chart
SPot had not made a new low... attempting double bottom

Can someone post the latest RSI (14) as per 60min FUT chart

 

[senty]

grrr...
bullish RSI divergence in 1min chart
SPot had not made a new low... attempting double bottom

Can someone post the latest RSI (14) as per 60min FUT chart

Here it is Sunil...

Bullish divergence in 60 min NF also...

 

[TrendPlayer]

grrr...
bullish RSI divergence in 1min chart
SPot had not made a new low... attempting double bottom

Can someone post the latest RSI (14) as per 60min FUT chart

 

[TrendPlayer]

Sunil: 60min NF, Price making LL, RSI HL ..regular bullish divergence

 

[new2sm]

double bottom @2747?