Nifty Futures Trading

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Sunil

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shorted at close SPOT 2772...

saw a "twinkle" in RSI chart 1min & 5min

stop above SPot 2800...

AAVIJAO
"twinkle" is nothing but bearish divergence visible in 5min chart.
Also, at close, RSI in 60min chart is at 64.... but what i find more "attractive" is the bearish crossover of slow stochs above 80



now, these technical indicators are known to be little lagging in effect....
we MAY have an immediate gap down open or drift down after gap up open...
but i have two MATADORS, besides these technical indicators

1. 62% retracement (as mentioned in morning post) = SPOT 2790
2. Unfilled gap resistance of 20-Jan gap down at FUT 2780-2803

now what, does it want to fill the gap at 2803-2780...??


dekhte hain zor kitna baazue kaatil mein hain!!! :D
 

Sunil

Well-Known Member
ascending triangle attempt during last hour's trade has target of
2775 + (2775-2757)
= 2775 + 18
= 2793

GAP resistance, as shown above, is at 2790-2803

I hope 2800 proves its virginity today, right neeraj?
 

ThE HaMmEr

Well-Known Member
ascending triangle attempt during last hour's trade has target of
2775 + (2775-2757)
= 2775 + 18
= 2793

GAP resistance, as shown above, is at 2790-2803

I hope 2800 proves its virginity today, right neeraj?
hiiiii sunil :)

were refering to me or dere is sum other neeraj tooo ????

:D :D

i was on a holiday but never missed yor posts

keep up yor good work...... :)


regards

neeraj :)-----)
 
Resistance tested 3 times:eek: No success. Bajuon mein zor nahi hai , we may head down lower now , we came back 3 times.
Sunil sir , i read i think that if a resistance is tested multiple times it gets weak , is it true???
 
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