Nifty Futures Trading

[Sunil]

Thanks a lot, Senty & TP..

My back-up Sharekhan was not loading today in morning.... seeing TP's chart, I will try again now.

Bullish divergence is apparent...
RSI needs to cross 35 for some "effect"...

one thing is nagging me....
On friday's close, RSI as per Investbulls (not India bulls) was 18...
in both above charts, it's around 32!!!

so much difference.... even though, the timeperiod of the bars is same (ie 9:55 to 10, 10 to 11, 11 to 12, and so on)
(some charts have 9:55 to 10:55, 10:55 to 11:55, and so on - this can differ RSI calculation results, but that is not the case here)
!!!


will post investbulls charts today after EOD

 

[Sunil]

H&S ATTEMPT visible in 1min chart, worth 30 points from neck

negation is its head

 

[Reji]

H&S ATTEMPT visible in 1min chart, worth 30 points from neck

negation is its head

Reji

 

[ag_fx]

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

Could u help me with spotting this divergence? I cant seem to see it
Plz find attached the NIF 1 hour chart

 

[nagendra_gb]

by any chance do we see any giraffe today

 

[ThE HaMmEr]

sunil looking to go long at 2700-10 area with stops at 2689...

RSI also at very lower levels....bounce netime

1st attempt at reaction area......

 

[Sunil]

sunil looking to go long at 2700-10 area with stops at 2689...

RSI also at very lower levels....bounce netime

1st attempt at reaction area......

fut at 20points discount...
so, when fut is near 2700, spot will be around 2720...


I trust SPOT more...
attempt 2700 fut with lesser qty

 

[arnav_rulz]

sunil looking to go long at 2700-10 area with stops at 2689...
RSI also at very lower levels....bounce netime
1st attempt at reaction area......

i was also thinking on the same lines ... but my stop was @ 2686.95

cheers

 

[TrendPlayer]

Could u help me with spotting this divergence? I cant seem to see it
Plz find attached the NIF 1 hour chart

Dont just trade on divergences

 

[senty]

sunil looking to go long at 2700-10 area with stops at 2689...

RSI also at very lower levels....bounce netime

1st attempt at reaction area......

Sunil,

But volume of the right shoulder is comparitvely more than that of the head/left shoulder...

I also remember Asish da mentioning this point...

ur comments appreciated...