Daily Tryst with Nifty

[Sunil]

the TL meets roughly around Fut 4530 - also the prev. pivot high in 5min...
bullish divergence in 5min counts on this PH to be taken out

here comes the 4530-zone

keeping fingers crossed - though all global cues point downward...

let's see - aar ya paar

 

[rider.royal]

My eyes can already visualise Spot 4560 as the neckline of an inv. H&S (note - even the head of this Inv H&S is not formed)

(PS: my eyes are biased and bullish now

the setup may eventually not even take place)

:thumb::thumb:
Am with you in this case ... Thinking of going long and then collect material to read over weekend.. Have got larry williams book on short term trading for this weekend reading

 

[rider.royal]

here comes the 4530-zone

keeping fingers crossed - though all global cues point downward...

let's see - aar ya paar

when nifty is in mood, it has many times defied global cues , have burnt my fingers 2-3 times initially due to this

 

[Sunil]

here comes the 4530-zone

keeping fingers crossed - though all global cues point downward...

let's see - aar ya paar

bear power - not even a tick above 4530

 

[praveen taneja]

Am with you in this case ... Thinking of going long and then collect material to read over weekend.. Have got larry williams book on short term trading for this weekend reading

when nifty is in mood, it has many times defied global cues , have burnt my fingers 2-3 times initially due to this

while trading dont made ur mood according to books trade what u see:thumb:
something big is in the making and it showing everywhere so better sell then buy positive sentiment now lost and only big players left

 

[rider.royal]

while trading dont made ur mood according to books trade what u see:thumb:
something big is in the making and it showing everywhere so better sell then buy positive sentiment now lost and only big players left

Aah PT ji, after so many days.. I wasnt talking abt my mood i was talking abt nifty mood, i am just confused about taking long position from here because as far as short position is concerned I have closed it as lost conviction about it continuing further, But thats for today till now, maybe if I see more down movement coming i may enter again...
OFFtopic: where have you been since so many days?? No tradinr or waiting for cairn outcome before any further trade?

 

[Sunil]

now, a perfect doji in 60min.......
suspense on the LAST DAY OF THE WEEK about the poor dead catwho jumped down 200pts

 

[MurAtt]

still respecting the TL joining lower highs

We need a break above that ....

 

[Sunil]

about 5th test of that 5min TL and 1min RSI -55/60 band

tough fight is on....

 

[praveen taneja]

Aah PT ji, after so many days.. I wasnt talking abt my mood i was talking abt nifty mood, i am just confused about taking long position from here because as far as short position is concerned I have closed it as lost conviction about it continuing further, But thats for today till now, maybe if I see more down movement coming i may enter again...
OFFtopic: where have you been since so many days?? No tradinr or waiting for cairn outcome before any further trade?

Out of all trade now all sentiment showing negative bad news flow started :thumb:
There was a plot was for sale near my home so bought that at throw away price now getting around 60% more then my buy price now cause of worry is how much i can trade with 25k have to cross 500k soon if want to trade with my TA or mkt will kick me out
news on gold sale reduction out hope to see gold 17k + soon