Nifty Futures Trading

[Sunil]

+ve divergence

target = prev. peak of RSI(1min) ie 63 & then 70

 

[Sunil]

Thanks sunil. its ONGC. shorted. Thank you very much.

yes, u r right...
from 704, next trade at 690!!!!
(2% fall, in 1 tick)

target = prev. peak of RSI(1min) ie 63 & then 70

hits 63

 

[Sunil]

+ve divergence

Inside bar 60 min

target = prev. peak of RSI(1min) ie 63 & then 70

sexy move!!!

IB 60 on upside is not that yummy, but let's see...
can continue, but booking 3/4th here as RSI target achieved

 

[Sunil]

seems even nifty is interested to hear & see Laalu circus - gonna start soon (Railway budget)

 

[Sunil]

now, my "bullish eyes" (biased) can see left shoulder & head in 5min chart....
neck = HOD

 

[Sunil]

petty target of IB 60 achieved....

<snob>

 

[Sunil]

now, my "bullish eyes" (biased) can see left shoulder & head in 5min chart....
neck = HOD

right shoulder may form now....
if HOD does not break sooner....

max down limit for rt shoulder = base of left shoulder = fut 2940
that's trailing stop for balance 1/4th...

will add more on confirmation of rt shoulder

 

[MurAtt]

now, my "bullish eyes" (biased) can see left shoulder & head in 5min chart....
neck = HOD

Neck to Head is 10 pts, so BO wud mean 10 pts.
That in effect would break 2950 spot.
Would it in turn mean a Break of resistance 2950 and more upsides.

Or would it be wise to just expect 10 points from BO of IHS and then wait
for something to develop?

 

[Sunil]

it's worth 14 points....
2947-2933

 

[Sunil]

naah...
seems to be negated