Day Trading Futures

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pratapvb

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max pain at 8000 with likely expiry at 7971

 
View of Sudarshan Sukhani he sad.... if the Nifty continues to trade below 8050 then there is a possibility of another 100 points fall. He adds that if the Nifty stays below 8050 today, a decline is more or less confirmed...........

in my view...if another 100 points down.....it will great chance to buy.......another important note....last july exp...day.....was same selling mood.....but after 2-3 days market run in positive mood......So I am expecting.......another great run.....
 
[B]view of Sudarshan Sukhani [/B]he sad.... if the Nifty continues to trade below 8050 then there is a possibility of another 100 points fall. He adds that if the Nifty stays below 8050 today, a decline is more or less confirmed...........

in my view...if another 100 points down.....it will great chance to buy.......another important note....last Aug exp...day.....was same selling mood.....but after 2-3 days market run in positive mood......So I am expecting.......another great run.....
Of course we are expecting another great run. It's a bull market! What do you think happens in a bull market?

The uptrend will resume when the downtrend is over :D
 

manishchan

Well-Known Member

Just my View
s
Double top necessarily does not mean both tops have to be in the same straight line.





You can call it anything , as long as it is a good short and makes all of us money.
:lol:
Yes Amit.. the example above is right.. this is why I said this is not a a double top.... I'm sure you know this but just wanted to put it down.. :)

Double top is a reversal pattern.. meaning there should be a trend to reverse. Since itz a double top.. we should hv an uptrend... NF has been in a downtrend since last 2-3 days.. at least in the 5 min TF.

dt move up was just a lil spike up we can't call is at uptrend. :)

But again.. since the trade was right.. it doesn't matter... as long as we are making money and have good SL and RR.. in place.. no prob. ;) :D
 

pratapvb

Well-Known Member
NF some time cycle analysis dates that I am tracking from July

rally till 7th july
decline from 8th july to 17th july
rally from 18th july to 24th july
decline from 25th July to 8th Aug
rally from 9th Aug to 18th Aug
decline from 19th Aug to 1st Sep
rally from 2nd Sep to 10th Sep

Decline from 11th Sep to 8-11th Oct (had mentioned may become bearish from 11th in an earlier post)

rally from 12th Oct to 17th Oct
decline from 18th Oct to 14th Nov
View of Sudarshan Sukhani he sad.... if the Nifty continues to trade below 8050 then there is a possibility of another 100 points fall. He adds that if the Nifty stays below 8050 today, a decline is more or less confirmed...........

in my view...if another 100 points down.....it will great chance to buy.......another important note....last july exp...day.....was same selling mood.....but after 2-3 days market run in positive mood......So I am expecting.......another great run.....
just FYI that was in line with time cycle analysis ... as from end Aug rally time ... but no this time .... lets see
 
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