Daily Tryst with Nifty

WOD

Well-Known Member
Yesterdays chart and todays chart is little bit identical....can we expect 4050 close today?
 

Nishikant

Well-Known Member
4070 Support Taken As Mentioned

HARI OM SUNIL BHAI & HARI OM DEAR FRIENDS :thumb:


HAD MENTIONED A FEW MINUTES BACK AT MY THREAD THAT 4070 IS NOW A CRUCIAL SUPPORT.


NIFTY FUT BOUNCED BACK FROM 4070 TO MAKE A NEW DAY HIGH AT 4109.90


""""THE INTRADAY TARGET MENTIONED ABOVE 4077 WAS 4093 - 4108""""


http://www.traderji.com/futures/262...day-analysis-trend-report-126.html#post332768


THANKING YOU ALL & TAKE CARE.


GANPATI BAPPA MORYA :)


HARI OM



REGARDS,
NISHIKANT K. HADGE
 

WOD

Well-Known Member
Double top on 5 min confirm this though....
That double top got negated but I suppose we are in for another big "M" on 5min.....lets see....if this double top formation becomes successful then we are may be in for 4050 close.......
 

Sunil

Well-Known Member
Atlast, 30min stochs above 80....

their crossover above 80 would give some hope of resumption of downmove, and end of this corrective upmove
 

MurAtt

Well-Known Member
If we go below 4040 - then barring the 2 wrb's - we can almost say triple top ...
What say?
 

Sunil

Well-Known Member
Just remember:

we are first looking at CROSSOVERS above 80 & below 20...
and then for PH/PL break, as case may be.

Just one question here...Are u looking to use any filters with this? If yes, any idea how much?And what about the initial SL?
Filters, as per comfort - min 2, max 5
I use TRIX indicator on 2min chart - if that is green before i go long using stoch adaptation method, then I may put filter as 2 also.

SL - Pride advises to refer to the last 2 bars' lowest low for longs, and vice versa...
Proper 5min flow says, SL should be the last PL, if long
Experience says, stick to PHs & PLs too for SL
 

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