General Trading Chat

[traderniftybank]

NF, BNF
yenyaar7 day

 

[timepass]

Reliance : gravestone doji, then doji+inside bar... Any guesses as to where this one is going ??

 

[traderniftybank]

Reliance : gravestone doji, then doji+inside bar... Any guesses as to where this one is going ??

Reliance is north bound
till it is in 4 figures, for the time being

 

[Vipul_84]

Smart Trade Sir, Market did close above 7485 and we have temporary top and sideways action followed. So what will happen from tomorrow? If the low today's 9th candle is taken out we will get steep down move?

Today we need close above 7485 to give 9th day of sell set up in Sequential ....looks almost certain as of now.

On 9th or 10th day market makes a short term top and goes in a correction. Let us see what it does this time....

Smart_trade

 

[WaveSurfer]

7000 de do , BabaJi !!!

I guess NIFTY put in a HIGH today and now LOW is due on 25th /31st .

 

[timepass]

Reliance is north bound
till it is in 4 figures, for the time being

hmmm... it does seem to bounceback from the lows.. But then there is a big red bar and reducing volumes since last 2 sessions.

 

[vijkris]

Reliance : gravestone doji, then doji+inside bar... Any guesses as to where this one is going ??

my guess is it will be in sideways until hi/lo of that big red bar is taken out.

 

[WaveSurfer]

my guess is it will be in sideways until hi/lo of that big red bar is taken out.

My Take On Reliance
It has to complete the last leg of the triangle. should come down to 850 levels and then finally breakout of this 8 year consolidation to 5000+ .

 

[ap*]

Shorted Reliance Infra futures at 504 today. Looking at covering it tomorrow. Also sold Nifty futures just before market close since it was closing below 7550. Have waited quite a few days to get onto these shorts. Nifty sl is 7620. .

 

[Brill]

Any idea of date RBI Governor announce interest rate next ?