Nifty Futures Trading

[Sunil]

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satyajit, da...
there's one doubt coming in my mind.. does the "type" of chart (line or candle or OHLC) make any difference to find the trendline???

In line chart (with only close values), I agree that it will be difficult to spot correct trend coz of lack of low & high values.

But, there seems to be a sharp difference between your OHLC chart & a candlestick chart, regarding the trendline.
In the candlestick chart, which I had posted (had admitted that it's from a charting website, as I dont have a charting software), it shows that trendline was touched & tested on 24 July (high=4538). Even last two trading days' highs are VERY close to trendline.
But, in your OHLC chart, 24July bar & 1 Aug bar are FAR from the trendline resistance...

I dont think there's any problem with the data. I really dont know why there's so much space there...

Is it because an OHLC chart takes less space on the X axis & a candlestick bar takes more (an ameteur thought)???

I am attaching one more candlestick chart from another website this time for your reference...

 

[uasish]

Styajit's charts are always Logarithmicaly adjusted.In Line chart the Leeway is too much .

 

[VJAY]

Hai sunil,
Can I know which charting website you using for veiw intraday chart.
Thanks

 

[Sunil]

Hai sunil,
Can I know which charting website you using for veiw intraday chart.
Thanks

investbulls . com/e107_graph/IntraDayCharts.php

has both intraday + eod
for stocks & index

just register yourself first

 

[kapil123]

The only difference between the two charts is the scale being followed. In logarithmic scale the trend-line appears closer to the price as compared to the linear chart.

Cheers,
Kapil

 

[tinchu76]

Check the 5 minute candle at 12.14 and 12.49 for Nifty Spot. The low is 4363.50 on both the candles.

Cheers,
Kapil

Noted the low of 4363.50. Thanks. Also Pls advice that double bottom has to be for exacly the same amount or (+/-) 10/20 paisa here/there can be treated as double bottom????

Thanks

 

[tinchu76]

Sunil levels????

 

[Sunil]

SPOT LEVELS:
4390 is the bearish pivot, below which good support lies at 4365 & 4335 - 4315 (minor support at 4350)

4410 is the bullish pivot, above which targets should be 4435 - 4475 (minor at 4450)


(yesterday dow was ranged, because today is FED MEET)

 

[renu daga]

taken buy at 4395..

renu

 

[Sunil]

bullish pivot 4410 (SPOT) comes into pic now