Daily Tryst with Nifty

WOD

Well-Known Member
Again a channel in the 5 mins TF :) . Hoping for the best :D.

Happy birthday SM :).

Regards,
-Sri
Yup a channel.....If LT's theory of breakout works today then we would have breakout above 4555. :thumb:......

Lets see....no open position as of now.....waiting for a breakout....
 

lazytrader

Well-Known Member
Yup a channel.....If LT's theory of breakout works today then we would have breakout above 4555. :thumb:......

Lets see....no open position as of now.....waiting for a breakout....
That is strange...

I myself am looking at 4500. Nifty made new lod.
 

lazytrader

Well-Known Member
From 4505 it reversed and now trading abv yest high of 4532.
if it breaks 4500 we will see 4487.
Why 4487? because of pivot?
I would say if it breaks 4500 it will go down a lot lower, 4480 "at least". Pivots work best on directly traded instruments.
 

rohangawale

Well-Known Member
Why 4487? because of pivot?
I would say if it breaks 4500 it will go down a lot lower, 4480 "at least". Pivots work best on directly traded instruments.
it will go down a lot lower accepted, but we have to see each and every level, cant ignore any of the level from where mkt can turn.
 

MurAtt

Well-Known Member
I-HnS in the making -- right shoulder progressing -- keep a watch

NL would be 4530-35 approx on 5min TF NSpot.
Only thing is its slanting downwards and that brings a doubt.
 

Similar threads