Nifty Futures Trading

[TrendPlayer]

Sunil: Check the NS RSI(14) values on some others data providers/ SK. I think investbulls values are different!

 

[Sunil]

Sunil: Check the NS RSI(14) values on some others data providers/ SK. I think investbulls values are different!

I know that TP - slightly different from my Religare & SK trading platforms too...

But as discussed on previous occasions, the difference MAY be due to some different value being used in one of the RSI parameters by investbulls - normally, RSI (14) is the RSI calculation of the CLOSE of the last 14 bars.
I guess that instead of CLOSE, some other value (may be HIGH or LOW or weighted average or whatever) is being used by investbulls....

But, I guess, you have seen the "effectiveness" & "swiftness" of the resulting move...

Looking at SGX, I have crossed my fingers for my yesterday's closing buy at Fut 2580.

Let's see...

 

[Sunil]

yipeeeeeeeeee.........

spot 2640

 

[new2sm]

Sunil look @10:12 bar in 1 min. chart a bearish Harami was formed signalling to get ready to short and what followed is evident.

 

[Sunil]

u mean, u follow IBs in 1min chart...
actually, 1min is too short timeframe to deduce meanings of candle sticks....

personally, 5min is advisable - that is, if candlestick patterns are to used....
but, as one is comfy.

meanwhile, both spot & fut's classical pivot are doing their duty
;-)

 

[new2sm]

Well I rarely follow 1 min but just wanted to demonstrate for educational purpose.

 

[Sunil]

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".

decent respect as of now....

potential double bottom - needs today's HOD to be taken out

range Spot 2612-2642 (30pts)

 

[praveen taneja]

NF 2606 giving good resistence till now people eyeing Eu mkt which are expected lower due to news of Buffett's Berkshire Hathaway Hits 5-1/2 Year Low

 

[tinchu76]

decent respect as of now....

potential double bottom - needs today's HOD to be taken out

range Spot 2612-2642 (30pts)

No such double bottom in Future. i u/stand u have shifted ur love to spot but what i feel is since transction are in futures don't they show a better picture.
my view.

 

[loser]

hello guyz i m new to diz website