The Nifty Trading Lounge

[Taurus1]

Oscillatorwise, one could consider an RSI divergence (bullish).

 

[timepass]

The price going down, the oscillator moving up is a bullish divergence. 2 bullets have been made so far, which generally bring about the bullishness. But sometimes a third bullet is also made.

Some inputs from ST, please.

 

[timepass]

Phew.. out of SBIN puts

 

[bpr]

Guys In spite of all the bullish TA setups that we saw yesterday todays SBIN price action is telling something else.In spite the better than expected inflation numbers today's recovery was lethargic.
As I noted earlier there is a strong resistance at 1930 to 1940 range, though the price is currently very close to this range todays high came off the same range.
If the next two three daily candles gets rejected from this resistance range then that will be very bad sign and SBIN might take a fresh dive towards the south.(I don't know what could be the fundamental trigger)
In the other hand in case it is broken and then we may see slow and side wise recovery upto 2000.remember we have only 8/9 days left to expiry with 2 holidays.
What I am saying is the while the upside is capped but downside is uncapped for the time being.
Lets wait n watch

 

[MurAtt]

@Taurus1 — Any disclosures ?

 

[Taurus1]

@Taurus1 Any disclosures ?

 

[MurAtt]

A deadly combination of NSpot and SBIN.

Nifty Spot Hourly charts ....

AND SBIN Spot Hourly Chart -

 

[timepass]

A deadly combination of NSpot and SBIN.

Nifty Spot Hourly charts ....

AND SBIN Spot Hourly Chart -

MurAtt, I am not much into MACD. What is it saying ?

 

[MurAtt]

Me too don't look into MACD unless its Weekly ...

MACD = http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

 

[prabhsingh]

Me too don't look into MACD unless its Weekly ...

MACD = http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:moving_average_conve

For Day-traders,does MACD plays any critical role for taking positions or predicting trend of market.