Day Trading Stocks & Futures

Tuna

Listen and act, don't ask it, it doesn't oblige
we have to see in nifty if 8900 breaks and moves lower
not sure about BNF 600 or 700 or :confused:
if this Band is broken - yes we will. If you see we are holding (yesterday close), just on the lower yellow line.

Nifty Weekly View # 26th Feb Onwards


On Daily, the Yellow Band (ATH and Last Fractal support around 8894 spot) is the key for Bulls to hold on to. If it fails to sustain, it might need to travel down to 8845-8825 zone. I don't see further downside below this band, else that will be a quick Long SL splash, with an immediate rejection (on D Candle).

 

travi

Well-Known Member


Do you see the volume on that tiny candle on yest close?
Look at the volume (which is lesser) and size of the candle which is far larger in today's opening.

Typically that EoD candle is large institution type order whereas opening is retail :D

I thought the bomb would've dropped bcos it tends to unfold around these quite times but its still silent.
Whatever transaction happened in that small EoD candle is actually capable of nuking the index :D:D:D
It may include rollovers etc from lastThu but since it is strategically EoD, its very well planned.

EDIT: 5m Chart of BNF
 
Last edited:

Tuna

Listen and act, don't ask it, it doesn't oblige
Nice Observation


Sent from my iPhone using Tapatalk
 

Similar threads