Long or Short Opinion

[chaitanyagoa]

Check tata motors also. Giving nice reject to downside.

Dude,

Yesterday's down move has no volume at all.... so we need to wait for confirmation for another day!!!!!

 

[rajputz]

Dude,

Yesterday's down move has no volume at all.... so we need to wait for confirmation for another day!!!!!

Actually bullish on it. If ZLR doesnt fail.

 

[munnabhai208]

Though it is tough to comment on intraday moves. I am expecting NIFTY to trade in the range of 5135-5235 future. Which means we could see some intraday correction today, to take more short for the up move!

Happy trading!

Hi ST,
Good observation .....NF touches 5135......

 

[goodstocks]

The sharp bounce we had today may not last long.Nifty in the medium term may slowly come down as more and more people get trapped in the meantime.This is my opinion.

As predicted the Nifty made a shallow upswing where some of the retailers got trapped at higher levels and Nifty may slowly and gradually retreat to lowerlevels in the MEDIUM TERM

 

[simple_trader]

I am expecting NIFTY to make move in upward direction (continuation of Monday's move). I would review my view in case NIFTY future goes below 5080.

Do not know target etc., but it is possible to close above 5200 today.

Happy trading!

 

[SwingKing]

Actually bullish on it. If ZLR doesnt fail.

Tata Motors is very bullish as of now. Need to see how much further it can move up in coming months. Stock will remain positive but the up move will start getting more sluggish if there is not a fresh breakout beyond 880 in coming weeks..

Tc

 

[simple_trader]

I am expecting NIFTY to make move in upward direction (continuation of Monday's move). I would review my view in case NIFTY future goes below 5080.

Do not know target etc., but it is possible to close above 5200 today.

Happy trading!

Today's close was over all positive sign and it did not dip below 5080 NF. I was expecting a close above 5200, which did not happen. Over all I am expecting rally tomorrow as well.

However I must admit, it is giving some sign lower strength in the rally. May be one needs to judge over all situation once again around 5250-5300.

 

[rajputz]

Nifty is in no trade zone for me between 5133 and 5187 on future. Let it pass above this level and close it above 5213, which can give the further Upthrust in the momentum. Untill then no buying. Once closes above 5213, we can see more upside.

Little doubt is created by the movement of stochastic and RSI, which is weak. Stochastic is making lower low and lower highs, which gives alarming signal. Once it create a second higher bottom, then i will consider it a safe buying.

CCI is also forming two of my favorite patterns for trend reversal. A Ghost and a Vegas Trade. Lets c if trend line of both is broken and upmove continues widout any ZLR, GB100 or tony trade. After 5213 is taken out, 5225 can act as a hurdle.

Trend Deciding level for tomorrow on Nifty Future is 5137. Above it the targets can be 5186 and 5223.

 

[rajputz]

I am expecting some bullish movement on State Bank of India for day or two or even more. CCI has given a reject to downside, which suggest me further upmove. Also the price has closed above the pivot high which suggest further upmove. Please check and confirm.

Check the charts: -

 

[rajputz]

JSWSTEEL - Buy

JSWSTEEL is giving a trend reversal pattern on CCI. A famir pattern. Stochastic and RSI are also confirming the further upmove. Closing above 1255 can take the price to the new heights.