General Trading Chat

pratapvb

Well-Known Member
what is max pain today please ??
was 7350 at close yday

+1SD5day is at 7412 ..above that is up trend on 5day vwap ...though on 2day it is consolidation between -1SD2 and +1SD2
 

pratapvb

Well-Known Member
+1SD5day is at 7412 ..above that is up trend on 5day vwap ...though on 2day it is consolidation between -1SD2 and +1SD2

-1SD2 kept on giving support as the higher vwap (5day) is in trend mode

 

wisp

Well-Known Member
Sequential daily timeframe sell set up is in progress. We have completed 7 days yesterday. Today if we close above 7485 in spot nifty we will have 8th day and on Monday spot nifty should close above 7485 too so that 9 day set up gets complete and we may see some downmove ...but the downmove now will be a correction in an uptrend. This view can change depending on how the market develops.

Smart_trade


 

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