Going With The 60min Flow!!!

[Prabhjeet]

What happened to markets, gone absolutely wild

 

[myvineet]

IIP at 7.1%

 

[tanewbie]

IIP data announced thts why its wild in extreme short term

iip data @ 7.1 vs 5.4 (comparre to last month ) but if compare to (last year) 8.3

 

[KomaL2099]

IIP at 7.1

 

[rakeshluthra430]

Stops remain where they were...maybe if we reverse from here, we may have formed a lower pivot high.

 

[Prabhjeet]

Thanks guys, was watching the charts only so missed the news, looks pretty bullish

 

[Saint]

Adding L&T to the list......

Entering long over 2703+15=2718

Stop/Add at 15/7 for now.

Saint

 

[NJ:)]

What happened to markets, gone absolutely wild

iip numbers came out to b apsolutely greaat......@ 7.1

 

[beethoven]

Still at 4360,but this sharp fall means we are keeping an eye on the 30min charts as well.....so far nothing to be done.

Saint

Dear Saint,
More of your comments and observations on bars (WRB,NRB, etc), price movement and breaking of pivots on 30 min chart would be more welcome. This thread is just fantastic. Thank you very much

 

[tanewbie]

What happened to markets, gone absolutely wild

after 2 days of good fall, intra charts are oversold.
Now they need a reason to rally and IIP data obliges!

We hv to sit tight and see whther the 60 mins flow reverses or not.
Till then enjoy the roller coaster fr far!!