29102015

I am not SEBI registered technical analyst. What I am putting here is for educational purpose only.


Nifty Nov DP chart

Nifty Nov8100 PE DP chart

Nifty Nov8200 CE DP chart

Nifty opened gap down.Initially PDL was broken but not convinced to short as there was only second candle was big green after breaking PDL.
Then there was BOF of PDL ...Initiated long in Nov 8200 CE @ 10.50 candle (131.70) but scratched it @ 11.6 candle (135.15)as momentum was not much forceful.
Then there was a narrow range in NF..but it breaks PDL @ 12.36 candle at same time candle on initiated long in NF Nov8100PE (113.65)...Due to power off and not having enough battery backup squared off it @ 1.00 candle (120.75)
Over all a good day.

09102015

I am not SEBI registered technical analyst. What I am putting here is for educational purpose only.

DP chart

BB chart

Confluence DP- BB

NF opened gap up. If we think On DP, IRL and IRH was formed in first 2 candles. On BB opening was out of BB suggesting exaution but got whipsaw. Thanks to time taken to take trade otherwise there would have been SL. Then BB expanded and made new high, but while developing price didn't get any signal. It got on BB @ new high.Then as shown on chart all clues -BB, DP, R2- shown only to short.
After that there was smooth journey except small hesitation near PDH and BRN. Those who waited for BRN to break or to get R1 to be tested might have got whole journey up to PDC.
On PDC only one candle which shows BOF signal was having tail and same time out of BB. There was a good signal to go long. Exit was must @ and in between 8182 -8172.
Then on beak of 8178 again there was buy signal and on downmove gap was filled entirely and it seemed overextended. This was enough to initiate trade, only problem was SL was deep @ PDC - some 20 points away. It rallied well.

01102015

I am not SEBI registered technical analyst. What I am putting here is for educational purpose only.

Nifty gape up today but failed to sustain above BRN....Shown trading opportunity on charts in hindsight......


Now see how trade execution can be filtered with the help of Bollinger Band as well as Pivot and S1 .. R1....

Here is the chart

And finally confluence of DP, BB and Pivot