Daily Tryst with Nifty

[lazytrader]

Bulls went for lunch break at 4550 or became lunch themselves???
LOL

now we have an OUTSIDE DAY (applicable for tomorrow)

Outside day is quite alright but this one is going to be a bearish engulf. But if we get a WR5/6? The past few days have huge ranges.

 

[lazytrader]

gap fills at 4398

Gap almost filled, volatility has reduced as well, momentum is 0.

So we've made a wr12 after a nr7 on spot. I hope this is over.

 

[Sunil]

hmm....
trying chota longs now 4415-20

 

[Sunil]

confluence of 20SMA (5min) near yest LOD

 

[WOD]

Should be a close below 4450 or for that matter 4430......
Hence,
Now holding all PE 4300 @40.......lets see.....

 

[Sunil]

rectangle in spot:
4430 - 4395

 

[MurAtt]

HnS on 5 min Spot again ....

Anybody this time???

20pts almost done :rofl:

 

[WOD]

HnS on 5 min Spot again ....

Anybody this time???

20pts almost done :rofl:

R u talking about HnS with nl at 4410....then yup it is...

 

[MurAtt]

rectangle in spot:
4430 - 4395

Ab rectangle ki baari hai

 

[lazytrader]

HnS on 5 min Spot again ....

Anybody this time???

20pts almost done :rofl:

R u talking about HnS with nl at 4410....then yup it is...

Head and shoulders after an extended decline is not reliable enough. I-HnS would be more reliable.

I feel it was a little to late to get PE now. Tomorrow if it moves up you wont get a good opportunity to square off. You could have gotten it tomorrow itself. But taking a bearish call is jutified.