diary of a day trader
- Thread starter TraderRavi
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- Tags best trading diary day trading make money in daytrading nifty futures nifty options
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Mujhe lagta hay, agar NIFTY kal, 4960-70 ke upor tik jaye, to a 5000 cross kar sakta hay. I have reason to say that
At the left side of the chart we have first action movement of NIFTY. It made a nice 38% retracement. Then Moved at north.
At the right side we have the last price action. Nice north side movement. It stared following a new trend line also. And made no retarcement.
Now these are the values we have
1) MA(20) - 4970 (aprox)
2) MA(50) - 4960 (aprox)
3) It is following a nice trend line.
Lets assume that nifty made one south move tomorrow. Good then where it can go? What our Fibbo retarcement says?
23% ==> 4970 (aprox)
38% ==> 4960 (aprox)
So if NIFTY has any intention to go north then this two levels are very important for us. I hope that I made my point clear enough.
Ab photo dekhe jara.
This is our chart 5 min Intraday Nifty.
At the left side of the chart we have first action movement of NIFTY. It made a nice 38% retracement. Then Moved at north.
At the right side we have the last price action. Nice north side movement. It stared following a new trend line also. And made no retarcement.
Now these are the values we have
1) MA(20) - 4970 (aprox)
2) MA(50) - 4960 (aprox)
3) It is following a nice trend line.
Lets assume that nifty made one south move tomorrow. Good then where it can go? What our Fibbo retarcement says?
23% ==> 4970 (aprox)
38% ==> 4960 (aprox)
So if NIFTY has any intention to go north then this two levels are very important for us. I hope that I made my point clear enough.
Ab photo dekhe jara.
This is our chart 5 min Intraday Nifty.
abhi dilli door hai.
I have a chart below, it is making some meaning to me, lets see what my others traderji friends say. lets see the chart first...
Here we see that
23%=5000(approx)
38%=4970(approx)
Now it can move further north but then it will get support of 20 EMA. So what I think is that it can go 50% level highest that is 4950 level and the 20 ema will increase to that level. Nifty will have a good support and can jump to north. But remember it has a good chance to consolidate in level 23%-38% and then jump up. Then consider it as a super jump up on the north. It will go much higher then.
Lets see what is goes.
What you guys think?
60 Min Intra day Nifty Chart
Here we see that
23%=5000(approx)
38%=4970(approx)
Now it can move further north but then it will get support of 20 EMA. So what I think is that it can go 50% level highest that is 4950 level and the 20 ema will increase to that level. Nifty will have a good support and can jump to north. But remember it has a good chance to consolidate in level 23%-38% and then jump up. Then consider it as a super jump up on the north. It will go much higher then.
Lets see what is goes.
What you guys think?
- Status
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