tag:blogger.com,1999:blog-1149152227980228556.post1520449087122648337..comments2009-07-08T15:36:49.592+05:30Sudarshan Sukhanihttp://www.blogger.com/profile/04872255827781271211noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1149152227980228556.post-23851411696766060742009-07-08T08:34:04.418+05:302009-07-08T08:34:04.418+05:30Mr. Sudarshan,<br />For RSI, what is the value you use? Secondly does this value remain the same for the Nifty and other stocks which have a beta from 0.85 to &gt;1 and is it the same for different time frames( intraday and positional)?<br />Thanks,menhttp://www.blogger.com/profile/05385290728585152708noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-19998100038693896702009-07-08T02:54:51.169+05:302009-07-08T02:54:51.169+05:30Also, head shoulders formation is seen. Does that means we should expect a free fall any time soon?Rohan Shenoyhttp://www.blogger.com/profile/02752163195017478232noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-75284187860367949142009-07-08T02:51:09.702+05:302009-07-08T02:51:09.702+05:30Sir,<br /><br />On the closing of budget day, closing price line chart had formed an almost perfect flag. After Tuesday&#39;s closing, there is a upmove but along with a inside day. The candle for tuesday has no lower wick! Does this create an bullish situation?<br /><br />Thank you,<br />-Rohan.Rohan Shenoyhttp://www.blogger.com/profile/02752163195017478232noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-15795491701950024052009-07-08T02:27:55.024+05:302009-07-08T02:27:55.024+05:30I am getting an EOD ADX(14) reading of 18.75, which is just above the +ve DI(14) at 17.61 and below -ve DI at 24.12<br /><br />Now, is it the inception of a new trend?<br /><br />would not it be better to assume a new trend once NIFTY breaks down from the rally from 3600 towards the neckline and ADX rises above 30?<br /><br />As far as my knowledge goes, one does not trade reversals all out, but as soon as the reversal is confirmed and trend sets in, one trades in heavier volumes.<br /><br />Please correct me if i am wrong.wildeazoscarhttp://www.blogger.com/profile/11301801176906644032noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-33347035119039077432009-07-07T22:09:27.152+05:302009-07-07T22:09:27.152+05:30dear sir<br /><br />sorry to write again , i forgot to ask in my last post that how to identify trading range and is it best to identify with 60 min chart?? you have mentioned a trading range breakout ie 4400 -4250 but recent high and low in which nifty was tradin was 4440 and 4250 but you saying it as 4400 and 4250. kindly explain, i hope i am not nothering you much.<br /><br />regards <br />toocoolTOOCOOL7610http://www.blogger.com/profile/15542663577534857276noreply@blogger.comtag:blogger.com,1999:blog-1149152227980228556.post-37101472349459361672009-07-07T21:54:12.729+05:302009-07-07T21:54:12.729+05:30dear sir<br /><br />i have a question, its not related with ur current blog entry but as i am a new reader of ur blog kindly do answer.i read ur blog entry dated june 3rd{enter a trading range} there u have mentioned that any oscilator like , rsi, cci,stochastics, can be used to trade ranges on intra charts but one confusion is with which settings we shud use cci, and stochastics??? default?? as each day is a new day in markets and each day volatility is different in markets 2nd question is that to trade nifty futures i use nifty cash carts as i dont have access to future charts is it fine to trade range trading on cash chart??? <br /><br />regards<br />toocoolTOOCOOL7610http://www.blogger.com/profile/15542663577534857276noreply@blogger.com