Daily Tryst with Nifty

[Sunil]

 

[Sunil]

joining key pivot lows in 5min chart...
TL support comes at 4210-20
(not a big fan of TLs, though)

NR4-2 means second consecutive day of NR4 day.
22-June & 23-June are NR4 days as per FUT chart, while as per Spot chart, there is no such pattern.
So, only for 24-June's intraday trading purpose, I'll be considering today's HOD & LOD as breakout levels.
Sharp U turns from 4155 & 4275.

As of now, SGX Nifty's
High = 4268
Low = 4211

Gun Powder is there; I hope it triggers fine, and shoots as expected...
Hey, where's my "Bull"et...???!!!

 

[Sunil]

joining key pivot lows in 5min chart...
TL support comes at 4210-20
(not a big fan of TLs, though)

TL supports come into pic NOW at xx27-25

 

[Sunil]

now it is testing the upper TL of the triangle

 

[myvineet]

sunil bhai ..do you see INV H & S in last 4-5 days chart???

 

[MurAtt]

I HnS

sunil bhai ..do you see INV H & S in last 4-5 days chart???

Howwzzzzatt!!! It been a downsloping channel since the last 10 days ...

 

[myvineet]

Re: I HnS

Howwzzzzatt!!! It been a downsloping channel since the last 10 days ...

with slanting neckline

with 4160 as head & 4205---4219 as shoulder

just an idea ..if not its ok

 

[MurAtt]

Re: I HnS

with slanting neckline

with 4160 as head & 4205---4219 as shoulder

just an idea ..if not its ok

Generally in a slanting I HnS or HnS, preferably should be in direction of the trend - is what is effective, else chances are less (not nil)

alternatively, we can view it as a break of TL what say

 

[myvineet]

Re: I HnS

Generally in a slanting I HnS or HnS, preferably should be in direction of the trend - is what is effective, else chances are less (not nil)

alternatively, we can view it as a break of TL what say

yes ..more or less same there ..

thanx

 

[Sunil]

i can only see 4300 (even 4350 possible) beyond 4270-75