Charts for the Day

[anil_s_trivedi]

Nifty update:

SL for short have been revised to 7640.

 

[anil_s_trivedi]

Having the same problem.. Tried to connect with "online chat" .. i waited for more than half and hour.. only to see.. the message.. your query is being directed.."

Fortunately today.. my broadband is working..

Dear saivenkat,

Thanks for your reply. Now my net too working fine. Prblm here is speed dropped very freqently resulting in hanging of terminal. Let see, hope now onwards it should be fine.

Thanks...

 

[anil_s_trivedi]

Nifty update:

SL for short have been revised to 7640.

Position initiated at 7630, stopped out at 7640.

for strength to be on nifty, it should close above 7640 levels.

 

[anil_s_trivedi]

 

[anil_s_trivedi]

Nifty update:

Intraday weak below more it stay below 7650. Hourly reversal to down, next hour if closes below 7620.

Closing today below 7625 is not good and may test 7540 levels.
Weekly closing is strong need to be above 7490 levels.
Failure to hold 7490 will test 7370-80 levels.

On daily, Short term momentum oscillator is flattening and risk of rolled over is high now. So stay cautious on longs initiated above 7600 levels.

Daily SAR for today is 7450 levels.

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I will be on short trip for next few days, hopefully will join on monday only...
Will leave terminal today at 1:00 pm.

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[praveen taneja]

Happy Journey Bro God Bless us all

 

[stock72]

have a nice journey ...

one small naive question ... why Daily SAR level given here .? .

Nifty update:

Intraday weak below more it stay below 7650. Hourly reversal to down, next hour if closes below 7620.

Closing today below 7625 is not good and may test 7540 levels.
Weekly closing is strong need to be above 7490 levels.
Failure to hold 7490 will test 7370-80 levels.

On daily, Short term momentum oscillator is flattening and risk of rolled over is high now. So stay cautious on longs initiated above 7600 levels.

Daily SAR for today is 7450 levels.

---------------------------------------------------------

I will be on short trip for next few days, hopefully will join on monday only...
Will leave terminal today at 1:00 pm.

---------------------------------------------------------

 

[amitrandive]

Happy Journey AnilJi
:thumb:

 

[anil_s_trivedi]

have a nice journey ...

one small naive question ... why Daily SAR level given here .? .

Dear stock72,

I had told this in my previous detailed writeup. I followed price action and momentum to see what is going on. With price action levels in hand, i also have three SAR levels with me, for hourly/daily/weekly or monthly to see whats going on.

I mean, suppose if price action support coming at 7420, but daily SAR is at 7450 so its not wise to go long there, as it might be broken swiftly for a downside.
similarly for hourly, it gives me easy way to see which side i want to trade. If price holding above hourly SAR, and price action support also coming nearby, i will go long on 5min charts with SL below SAR.

Like yesterday, i got weakness, but unable to to post in morning due to net problems, i shorted at 7630 levels price corrected till 7579 zone and got bounced. I had hourly SAR reversal at 7630 and also price action weakness same levels. so its a good short there. But i thought it can be a good positional one, so holded till last trading hour, to see whether SL taken or not.

If daily SAR is up, and i am intraday short, i will cover short before end of the day. i always go home with higher timeframe price action.

 

[mastermind007]

Sorry Bro disturbing again and again today punj cross 52 week high but with huge vollume now what is your view and chart is saying???

Is Punj Lloyd making Profit? Few months ago I checked, the company was posting huge losses. If Scrip is rising even as company remains non-profitable, chances of insider game increases and unless you happen to be on the right side of this insider ring, stay away.