Day Trading Journal - Value Zones

[ValueZone]

Nifty Levels - 5080, 5120 - 5132, 5176. Expected Bias - UP. 5176 is previous swing high. It is likely to breakout above that level, but breakout may fail also. If opens lowe and comes to any level without testing 5176, then buy.

 

[ValueZone]

Not moving up as expected - tatasteel

 

[ValueZone]

Nifty Levels - 5080, 5120 - 5132, 5176. Expected Bias - UP. 5176 is previous swing high. It is likely to breakout above that level, but breakout may fail also. If opens lowe and comes to any level without testing 5176, then buy.[/QUOTE

This is how the levels worked today.

Failed to break above 5174 - 5176, went down to 5130, bounced up 35 points and the came down to 5120 and trading upward

 

[ValueZone]

Todays Levels for TATASTEEL - 452.5-453, 457, 460, 468.50-469.50. Expected Bias - RangeBound, But breakout of 457 or 460 may lead to sharp move.

 

[ValueZone]

NIFTY FUT Levels - 5078-5080, 5095, 5128, 5153. Breakout of 51528 or 5153 level may lead to sharp move today.

 

[ValueZone]

Now 5026 -5034 is the level on the down side. If comes down this level may act as support

 

[ValueZone]

TataSteel - Lower levels now 436 and 442

 

[ValueZone]

Now 5026 -5034 is the level on the down side. If comes down this level may act as support

Level gone, next is 4988 and 4968

 

[ValueZone]

Level gone, next is 4988 and 4968

4988 hit, buyers may emerge if it comes down to 4968

 

[ValueZone]

Sell NIFTY to a pullback towards 4900 SL 4921