General Trading Chat

[varunkochhar]

Yes, very much likely for a gap up
Or
an up move just after open

for some 50 to 100 points up move.

Ideally i also do not want a gap up. (Because then there is always the fear that it needs to get filled)

 

[manoj2012]

can go up if RBI relents.

presently majority view of markets is that of status quo ...... so if any rate cut it will trigger a big upmove ......

 

[HappyLife]

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[varunkochhar]

Last post in this thread for continuity. These are 1 Tick normal compressed charts. The shaded areas are the low range of Thursday (from where this upmove started) and the high range of Friday(Where we met with resistance). Look where OBV got support twice today to bounce up (100+ points both the times). Also observe that we have closed above CRB of OBV (Green dashed lines). I guess that explains my stand.

 

[copypasteaee]

Will ride the longs with varun ji tomorrow

Positions
BNF Long
NF Short

 

[varunkochhar]

Now only the upper shaded area (Resistance) needs to be taken out and we would be good as new.

 

[manoj2012]

At what time tomorrow will RBI will announce the interest rate ?

 

[timepass]

At what time tomorrow will RBI will announce the interest rate ?

Usually 2:30pm

 

[varunkochhar]

We have closed above CRB of OBV only once before in the past 9days (We did not close above it on thursday too). On 26th but though it had gaped up the next day we could not sustain those levels. Let us see tomorrow. (Closing above CRB signifies addition in longs over the previous day)

 

[manoj2012]

Usually 2:30pm

means NF and BNF will trade sideways tomorrow for 5 hours of trading .....