Nifty Futures Trading

[Sunil]

5min BB narrowed now........

please break on either side for 20points

finally BB broke..........!!!!

spot has 2690-95
fut = 2670-73

 

[kalwarik]

finally BB broke..........!!!!

spot has 2690-95
fut = 2670-73

xcellent sunilbhai

 

[Sunil]

put on Bollinger Bands in 5min chart....

it comes handy on such ranged trading day...

it's sudden contraction will indicate that even nifty is tired of its yo-yo movement and time is ripe for a breakout in either direction...
the contraction will appear as if it's gonna squeeeeeze nifty out of its band/range...

will search/scan/learn/share more on IB & BB over extended weekend (5 days holiday with 1 gutli in between - Monday 9-March)

 

[TraderInTheZONE]

What a break to the downside!!

 

[new2sm]

Can anyone with good Wolfe wave experience confirm and draw if there was a WW? coz I can see one in 5 min but dont have much knowledge to draw one correctly.

 

[Sunil]

punting on RSI with very small qty:
bought at FUT 2580

 

[Sunil]

was surprised to see 5min RSI at sub-10...

either spot may target 2640-50 band tomorrow at open & make my day or may tease me with 2600-2570

let's see -


noting the RSRs it is leaving on this downmove.... Spot 2800 / 2760 / 2710 / 2680....
smart bears - wanna try with 2650 tomorrow??? !!!!

LOL

 

[rishig38]

was surprised to see 5min RSI at sub-10...

either spot may target 2640-50 band tomorrow at open & make my day or may tease me with 2600-2570

let's see -


noting the RSRs it is leaving on this downmove.... Spot 2800 / 2760 / 2710 / 2680....
smart bears - wanna try with 2650 tomorrow??? !!!!

LOL

I am playing for the smart bears too...just 30-40 points should do it for me

 

[Sunil]

after a looooooooooooooooooong time, seeing such a thirsty "giraffe"...

YEH PYAAS HAI BADI!!!

 

[Sunil]

was surprised to see 5min RSI at sub-10...

either spot may target 2640-50 band tomorrow at open & make my day or may tease me with 2600-2570

let's see -


noting the RSRs it is leaving on this downmove.... Spot 2800 / 2760 / 2710 / 2680....
smart bears - wanna try with 2650 tomorrow??? !!!!

LOL

Initial upmove above Spot 2625/27, before one can think of 2640-60 zone....
the blue line represent next potential RSR level, especially Spot 2653-54.

On downside, we have 2600 & 2570.
If we have a flattish open but in green followed by a decent move up, then yesterday's low Spot 2612-10 will demand some "respect".