Charts for the Day

[vivektrader]

Anil ji,
I have sent you a pm, please reply when free.
Thanks.

Vivek

 

[anil_s_trivedi]

Nifty view:

Avoid fresh longs here, many of stocks at weekly resistances...keep your stoploss on longs...
A early rally in start of week need to hold for full week to have bull case..so a lot of effort would need here to maintain this...thats why avoid fresh longs here and hold previous longs if any with tight stoploss...

A close below todays open of 11231 would raise q's about the rally so far...

 

[khurshedmanjra]

Would NESTLE (INDIA) make Double Bottom ?

 

[timepass]

Would NESTLE (INDIA) make Double Bottom ? View attachment 33947

Would NESTLE (INDIA) make Double Bottom ? View attachment 33947

already a double top there, looks like.

 

[iwillwin]

Nifty view:

Avoid fresh longs here, many of stocks at weekly resistances...keep your stoploss on longs...
A early rally in start of week need to hold for full week to have bull case..so a lot of effort would need here to maintain this...thats why avoid fresh longs here and hold previous longs if any with tight stoploss...

A close below todays open of 11231 would raise q's about the rally so far...

Nifty and BN surprised once again on the upside.... rally driven by quality largecaps

 

[kln1407]

Which Software are you using to draw the charts?

I use Fyersweb to draw the charts.
Fyers web has more than 80+ studies/indicators that we can use. Fyersweb also has some amazing drawing tools.

 

[anil_s_trivedi]

Nifty and BN surprised once again on the upside.... rally driven by quality largecaps

Nifty rally is driven by large caps and in initial legs midcaps & smallcaps also provided the needed steam...Still one needs to guard positions on long side...Its not a market to short but also if longs be selective since rally is not broad one...

Only concern is if there are more shorters it may witness a parabolic rise...Very difficult to trade stocks in this market...rotation is so fast among sectors that difficult to catch the fish out there...

 

[prabhsingh]

Nifty rally is driven by large caps and in initial legs midcaps & smallcaps also provided the needed steam...Still one needs to guard positions on long side...Its not a market to short but also if longs be selective since rally is not broad one...

Only concern is if there are more shorters it may witness a parabolic rise...Very difficult to trade stocks in this market...rotation is so fast among sectors that difficult to catch the fish out there...

Better to trade Index as its less difficult because any pullback is being used to go Long.For e.g,today on Hourly timeframe Nifty turned sharply from EMA20 and created nice big bull candle where one could have gone long and minted money.

 

[khurshedmanjra]

NIFTY makes all time high. Time to be cautious ?

 

[anil_s_trivedi]

NIFTY makes all time high. Time to be cautious ?

I am cautious on this leg of rally, and trading in selective stocks only that too with tight stoploss...not getting carries away..required broader participation to have go for full bull run...