Found support at channel above 89day EMA, got resisted at 50day EMA.
The Shortterm is negative with resistance at cloud bottom 20354.
Longterm is neutral with support at 19482, 19300 resistance at 20085, 20169
Longterm negative increases with TS crossing below KS, hooking down.
Future cloud thinning and converging.
Already shorterm EMAs are crossed over negative.
A cross above the Blue Channel top may give a momentum towards Red Channel top.
Breaking Blue Channel bottom may pull it down to RedChannel bottom.The Bolinger Band bottom of 2standard deviation had supported sensex, and it started moving up from 1.5 standard deviation, to settle at 1 standard deviation.
Now the support at band bottoms would be at 19524 19323. 19121
and resistance at 20337 and if crossed, 20734 20935 21137 21339 21540.
The band shows inclination to go sideways.
Stoch is hooking up out of OverSold.
A lower swing low and shortening wick at HA candle. Will watch for equi wick appearance to see a trend arrest.
5day ema is below 20day ema, price below 5day ema, denoting continuing weakness.
while the weakness reduced today.
Technical Levels for Sensex:
FII and DII have made Net Positive Investments today [for the 2nd day],
10 comments:
mok
market seems to be gone into bearish mode....
Ichimoku charts are really good to see how the market behaves...
yes, sri,
can you add my email ID to the 'Comments to be received on Email' settings please,
that will enable to receive the comments automatically, to respond.
am adding the bolinger band chart also now, since you discussed it yesterday [2 std dev]
regards
mok
mok
how to do that.."comments to be received on email"
let me see
sri
just check
added your email id
sri
hi Sri,
think we made that,
cause, sometimes it would look rude, after someone posts a comment and its not replied.
:)
will reply your mail [on the pdf] soon,
got tied up these 2 days till wednesday.
The bolinger play is a solid observation by you.
planning to add ATR and BBwidth% to some chart soon, for our observation.
QuantServe guys, cheekily have announced they are making it Paid from December. :D
mok
my observation is based on plain option prices...as it embeds std deviation in it ...
now for tom, it comes to -4.00 ...i really dont know...are we going to fall like pack of cards tom...
yes...quantserve has gone paid..but i find it is cumbersome and tiring on the data setup...i go with simple amibroker, quotetracker like softwares which is easy for operation
Sri,
I feel QuoteTracker is anytime better than Amibroker, that it is very user friendly, and instant.
The headache is the inability to download intra data fill if it is switched off during mkt hours.
QuantServe, with its cumbersome procedures does not deserve a paid status. :)
Many seem to have shorted this morning Axisbank, and regretted later.
Sri
and, its good the Option Std Dev coincides with the BolingerBand on Futures and indices.
Gives us another analytical angle.
mok
axis bank story is different. it has solid support at 1390 and 1430..besides now it is different ball game which i cannot comment in public.
regarding shorting and regretting, many who claim to be smart and alert traders lost heavily in this crash as stocks have not recovered so much..
Sri,
yes right, this Enam purchase.
We will discuss over email later when both get time to.
I am building reference charting pages.
One is below your Gann Editgrid at Ourjustnifty blog.
the other ones are :
http://nsestockcharts.blogspot.com/
http://nsemidcapstockcharts.blogspot.com/
http://nsebsetech.blogspot.com/
for our instant references,
soon to add intra Stockwise charts also with parameters of our preferences.
When you get time, check them out.
The idea is to go towards a reference collection to get into when needed in a hurry.
Time is the constraint ...
regds
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