Rsi Multi-Time-Frame Screener available ...

RSI Multi-Time-Frame- Screener is now available at Traderscockpit. Click here for more details . This is in addition to other multi-time-frame screeners already available for adx, Macd, Bollingerband , Moving averages and Ichimoku.
This is great way of screening and getting overall picture across time frames in single click.
Feedback is appreciated.

NIFTY poised for some more correction

NIFTY seems to be now doing the C leg of the correction as per Elliott wave marking done on TradersCockpit.com latest interactive smartphone based charting tool with inbuilt Elliot wave drawing  tools and fibonacci retracement tools. Look how each wave is corresponding with fibonacci levels on the chart. To know more about this charting tool, call 0-805050-2121 or 0-803-927-5521

NTPC Bullish Breakout

As spotted on Realtime Screener on TradersCockpit.com, NTPC has broken above the Upper Bollinger Band today.  It had formed Bollinger W Pattern on September 26th, the same day it was spotted on RSI positive divergence screener as well as Inverted Head & Shoulder pattern screener. Also, our proprietory TC Band Positional Buy Indicator also had generated the Bullish signal that day. Find enclosed all the snapshots. 

To know more about our scanners/screeners, call 0-8050502121 / 0-8039275521 or visit www.traderscockpit.com

Nifty - Some Short Term Correction on cards?

Nifty meets 261.8% fibonacci target, looks like set for a correction,

 bearish upside gap 2 crows candles formed 

Nifty Analysis

The downfall of Nifty which started on January 24th (it was confirmed by the negative divergence in RSI, CCI etc as shown by our latest divergence screener. See attachments below.).  Click here  to visit the Divergence Screener page.

came to halt with Nifty displaying support near 5930-5950 levels last week. This support level is an important one as it is also the 38.2% fibonacci level (5925) of the entire upmove from 5118 to 6415. The 200 days SMA is at 5977 marking support for Nifty.
The pullback on 4/2/2014 was confirmed by the positive divergence on RSI and CCI as shown by our latest Divergence Screener. See attachments below.

As long as the 5925-5930 support is not broken on a closing basis, the Nifty will attempt to pullback into 38.2% to 61.8% fibonacci retracement levels as shown on the chart attached. But this area is also marked by 2 gaps as well marking them areas of strong resistance. So, resistance in that area could spark fresh downtrend.