Bulls, Bears & The Lion

[findvikas]

Took another 2 lots of 4600PE @ 10

Avg comes to 12 lots @ 11.25 and sell order pending for all @ 13... intraday

 

[findvikas]

Final sign of distribution complete came.. an upthrust bar all the way to 5038.5... just below 5040 we should go south now.

 

[findvikas]

WolfeWave in 1 min suggest that we are going to touch down 5002 in SPOT


EDIT: Invalidated... wave did not completed properly.

 

[findvikas]

Nifty is trading inside a tunnel since last 3 days if you look at the 15min chart... today being the 3rd day a break out might come above it to take it back to 5050 levels.. but if that fails within next 30 mins then it will retrace to 4950-ish levels...

I think it will retrace looking at volume and by that time it will take trigger from UK as they are going to open negative as well...

 

[findvikas]

Wipro 680CA @ 11.5 from 9.75 at that time

 

[findvikas]

Bharti 320 CA @ 9rs... if anyone care

 

[findvikas]

inverse H&S .. target 5039

 

[findvikas]

target done... instantly and broken the tunnel as well... but 5040 is going to play hard on it..

 

[findvikas]

lets wait.. the 15min bar hasn't finished yet and a close above the resistance line will confirm the intraday reversal in trend.

 

[bloodmoney]

Glad to see your new thread bro..

Btw, BNF is spiking up suddenly with good volumes.. Any news or its a trap??