Day trading - Intraday high Low almost predicted

[sid2012]

So, u predict all these to cross high2 again?

 

[jaytrader]

ICICI bank bullish if it crosses 845.65 , then next traget would be 849 and 861

If not , i expect it to come down to 834,826 and finally822

 

[jaytrader]

ACC reached high 2 , could nt sustain that level.. Risky traders can short ACC at high2 1161 with days high as stop loss ( beware as market had a gap up )

 

[jaytrader]

Sid ur thoughts on ICICI .

 

[sid2012]

Jay
ICICI flows with the market mostly. Market has had a high & come down a bit. If market doesnt cross 5100 on downside, I see both ICICI & market go further up.

 

[jaytrader]

i ve shortd ICICI bank @ 848 , since it failed to cross my level of 849.

 

[sid2012]

Dont you think its too much risk taking to short in an uptrending market.

 

[jaytrader]

Hi Sid,

ICICI bank falling in uptrend market. I stick to my levels( I may be wrong some time)

I trade with stoploss, if it hits i ll reverse it

 

[sid2012]

Ya, it is Stoch also suggested the same. Market is constant on 5110-5120 levels. We just have had a hammer, lets see if it moves up

 

[jaytrader]

sid,

covered @ 836..re-entering again @ 839 for long