Long or Short Opinion

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simple_trader

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#1,372
#1,372
as per intra chart, it has been taken to wall at current level NF 5324. One needs to watch development here. It is on the line. Better to trail your long with tight SL. bullishness is intact.

Happy trading!!
 
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simple_trader

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#1,374
#1,374
Though option OI suggests that we will expire above 5300 today. Gut feel we could fall to 5250 in intraday trading (not a technical reason). Going by technical, 5345-55 NF range seems to be resistance area and fall can happen below 5310 NF. It is the expiry day, many avoids trading on expiry day as market becomes volatile. The actual swing up trend can be intact even if we correct today.

Happy trading!!
 
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simple_trader

Well-Known Member
#1,375
#1,375
simple_trader said:
Though option OI suggests that we will expire above 5300 today. Gut feel we could fall to 5250 in intraday trading (not a technical reason). Going by technical, 5345-55 NF range seems to be resistance area and fall can happen below 5310 NF. It is the expiry day, many avoids trading on expiry day as market becomes volatile. The actual swing up trend can be intact even if we correct today.

Happy trading!!
Click to expand...
We have reversed from the resistance zone. What is stored now?

Happy trading!
 
R

rajputz

Well-Known Member
#1,377
#1,377
Nifty gave a very good ghost for trend reversal today...and trend indeed reversed. Lower pivot was broken on 15 min chart also.

check the intraday charts: -





It can test 5300 and 5280 today itself...
 
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