Long or Short Opinion

[rajputz]

Finally after a long time i have got my buy signal on nifty. This is a famir pattern. Yesterdays fall changed whole trend into a ZLR trade, but the rise of today even with the increased volume has changed the trend over CCI. I would like to go long frm here on the basis of this indicator alone. If any thing happens, i will reverse the trade.

The movement of Stochastic and RSI is ok till now.

Although a close above 5080 on future can give us new heights on nifty.

When studying the market facilitation index increase in volume with decrease in MFI represents a squat. The squat is the last battle between the bulls and the bears, with lots of buying and selling but little price movement. market is ready to leap one way or the other. The key is that price movement stops on higher volume and one force will win and breakout of squat will tell us that if this is a trend continuation or the trend reversal.

Trend Decider for tomorrow remains to be 4992. above which targets on nifty can be 5043/5071/5122.

 

[simple_trader]

Yesterday EU markets too did similar short covering towards the end, but today those have opened again lower. Possibility of opening lower is there for tomorrow. A bit of range bound is going on

 

[praveen taneja]

Yesterday EU markets too did similar short covering towards the end, but today those have opened again lower. Possibility of opening lower is there for tomorrow. A bit of range bound is going on

you can call it extra cautiousness in fear and panick:thumb:
just one day close above 5000 and people calling 5200 -5400 but dont know why I am still for sell on all rallies
Might be I am poor on chart reading na

 

[rajputz]

Following three stocks are giving me positive movement. Buying Opportunities can come.

1. RCOM
2. TCS
3. AMBUJACEM

Although i wont like to go long on telecom sector as i consider it a risky. but still you can check the charts. CCI has gone positive for all the above mentioned. Higher pivots are also broken with higher volumes.

Check the Charts: -

TCS

AMBUJACEM

RCOM

 

[simple_trader]

Look at ONGC chart. Possible resistance and reversal level is at 1200-1210 spot today. If it gaps up there today and face resistance may provide trading opportunity for intraday and as well as for swing.

NIFTY spot resistance around 5095 spot. One needs to be careful there. If we make successful breakout, then 5220-30 spot would come.

If faces resistance, then it would give shorting opportunity.

Happy trading!

 

[rajputz]

renuka suger achieved my second target....high made so far is 65.50

 

[rajputz]

Closing above 5080 for nifty future is a good sign of upward move....

 

[rajputz]

i am still long at 5100 june call at 86...currently at 92

 

[rajputz]

We dont consider it a trend reversal now also...i think so....

 

[rajputz]

Finally after a long time i have got my buy signal on nifty. This is a famir pattern. Yesterdays fall changed whole trend into a ZLR trade, but the rise of today even with the increased volume has changed the trend over CCI. I would like to go long frm here on based on this indicator alone. If any thing happens, i will reverse the trade.

The movement of Stochastic and RSI is ok till now.

Although a close above 5080 on future can give us new heights on nifty.

When studying the market facilitation index increase in volume with decrease in MFI represents a squat. The squat is the last battle between the bulls and the bears, with lots of buying and selling but little price movement. market is ready to leap one way or the other. The key is that price movement stops on higher volume and one force will win and breakout of squat will tell us that if this is a trend continuation or the trend reversal.

Trend Decider for tomorrow remains to be 4992. above which targets on nifty can be 5043/5071/5122.

its getting respected...we are already up by 80 points...trend is reversed....