Long or Short Opinion
- Thread starter rajputz
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. Everything is short.It may be too early to talk about where NIFTY will find support. Still I wish to share this. expect NIFTY to find support around 5050 or 4800 spot around.
My expectation is after finding support (whenever it happens), it will give sharp up move to 5500-5600 odd level.
Willing to change view in case market falls below 4800. fingers crossed!
happy trading!!
My expectation is after finding support (whenever it happens), it will give sharp up move to 5500-5600 odd level.
Willing to change view in case market falls below 4800. fingers crossed!
happy trading!!
20th April 2010, 02:12 PM - Add Post To Favorites
goodstocks
Dear Rajputz and fellow members,
The most important point to bear in mind is the FII activity.For the first time after 15 to 20 weeks of incessant buying,only yesterday they have sold for the first time to the tune of about 770cr.The movement of Rupee is going against them.It is time to be more cautious on the long side.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
The Nifty has come down to sub5150 levels
goodstocks
Dear Rajputz and fellow members,
The most important point to bear in mind is the FII activity.For the first time after 15 to 20 weeks of incessant buying,only yesterday they have sold for the first time to the tune of about 770cr.The movement of Rupee is going against them.It is time to be more cautious on the long side.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
The Nifty has come down to sub5150 levels
Book Description: - The pattern is formed by first having a trend and then crossing the ZL for 4 Bars minimum being printed. We can have up to 9 Bars printed and what we look for is not one of those Bars to get to the 100/-100 line. This shows a very weak momentum move up or down that the CCI cannot even get to the 100/-100 line. We then look for a pattern to trade or a Trend Line Break in the direction of the prior trend. The trigger for this trade is the crossing of the ZL after a TLB or a pattern trigger. A trader can be aggressive with this trade, as its with the trend and the lack of momentum to establish a new trend. Expect the movement after the pattern trigger to be crossing the ZL to be aggressive. However, the Tony Trade no longer need trend line break to be valid.
CCI is momentum Indicator. In Tony trade, prior to the trend formed, price goes above or below the zero line for forming a new trend, but is not able to cross -100/+100 line for 9 consecutive bars. Which shows that the momentum is weak to upside. I that case, when the price slides back below or above the zero line again, we consider it the trend continuation. The entry point is the crossing of Zerlo line again or trend line breakup.
It is not the best example i am giving you but will serve the purpose.
Check the chart of Bankindia. In the circle part we have a downtrend established. The cci goes above zeroline and in 9 bars fail to touch the +100 line and crosses below it again. Which means the momentum is weak to upsode. Red Tremdline break or the zero line break is the entry. And green Arrow showing, where CCi crosses the -100 is the exit.
I will post more example if i found any. This was just in hurry.
CCI is momentum Indicator. In Tony trade, prior to the trend formed, price goes above or below the zero line for forming a new trend, but is not able to cross -100/+100 line for 9 consecutive bars. Which shows that the momentum is weak to upside. I that case, when the price slides back below or above the zero line again, we consider it the trend continuation. The entry point is the crossing of Zerlo line again or trend line breakup.
It is not the best example i am giving you but will serve the purpose.
Check the chart of Bankindia. In the circle part we have a downtrend established. The cci goes above zeroline and in 9 bars fail to touch the +100 line and crosses below it again. Which means the momentum is weak to upsode. Red Tremdline break or the zero line break is the entry. And green Arrow showing, where CCi crosses the -100 is the exit.
I will post more example if i found any. This was just in hurry.
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