Nifty Futures Trading

[tinchu76]

Sunil, so finally a double bottm in place?

 

[new2sm]

No but there is a Bullish Harami/IB @13:33 in 3 min effect of which is now seen.

 

[Sunil]

fantastic "respect" to morning LOD coupled with RSI divergence

 

[ag_fx]

Sunil,
Have you been following that blog(http://nsetracker.blogspot.com/) ?? Today was an exception there....The first kiss didnt result in a turn around and rather went on to go in the same direction...it reversed though, but later and i dont think any signals were generated there.....do u have any other observations on it?may be for scenarios like today?

 

[new2sm]

ironically RSI has not moved much in today's trade, in each TF RSI has been more or less in the same flatish range.

 

[ag_fx]

ironically RSI has not moved much in today's trade, in each TF RSI has been more or less in the same flatish range.

Wat?

As per my charts, for both NF and spot in 1 min TF, RSI has moved pretty much....

 

[senty]

IHnS attempt in 5 min Tf with 2760 neckline... but still the right shoulder is in the making.
Attempt will be negated if we breach LOD.

 

[senty]

another pretty HnS (with two shoulders) in 1 min TF...

 

[Sunil]

another pretty HnS (with two shoulders) in 1 min TF...

if right shoulder goes above left shoulder, H&S negates,
but if u see lower highs with same base, like in today's case, then treat it as descending triangle

target
= 2734-(2760-2734)
=2734-26
=2708
!!!

a cool 26 points

 

[tinchu76]

fantastic "respect" to morning LOD coupled with RSI divergence

Pls post the rsi divergence can't spot in my charts. After market hours .

Thanks