Nifty Futures Trading

[new2sm]

i think u meant 2803
target 2816

hmmm ya actually. but sometimes I have seen jumps above the body line and not abov neckline. if u notice that is exactly what happened when 2809 was broken. neways, I was long since 2803 so good anyways BTW 2816 also reached. 2815 is actually Pivot for today and if we sustain abv it then we can see 2855

 

[myvineet]

i think u meant 2803
target 2816

ohhh.. i am gone mad finding inv h&s with neckline at 2809....

 

[Sunil]

hmmm ya actually. but sometimes I have seen jumps above the body line and not abov neckline. if u notice that is exactly what happened when 2809 was broken. neways, I was long since 2803 so good anyways BTW 2816 also reached. 2815 is actually Pivot for today and if we sustain abv it then we can see 2855

keep an eye on spot 2830-
as mentioned earlier

 

[new2sm]

oops hanging man in 3 min. rsi near 70.
Eit: Good sold off @2817

 

[kalwarik]

2828 hit whats next?

 

[new2sm]

have already mentioned 2855 as R1

 

[myvineet]

Look at diversion in rsi....

 

[dhavalj]

Phew! Crossing 2860 would have made inv H&S in daily chart! It just turned back instead..

 

[tinchu76]

Look at diversion in rsi....

Have been tracking this divergence since 12.35pm bar in Fut. got confirmation only at 1.15pm bar. But break out started @ 1.35pm bar. Noted one thing tht spot RSI never made divergence till 1.30pm bar. Only once spot made this divergence the fall started.

Any co relations?

Wanted your's & Sunil's comments over this? After EOD

Regards/Rohit

 

[MurAtt]

Nifty Spot
Now H&S in the making in 5 min chart. Neckline 2833.
Correct me if I am wrong.