Long or Short Opinion

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shreerangk

New Member
#781
#781
Nifty above 5025 ... seems pull back steem should be over by now ... is it a good idea to short Nifty at 5030-40 levels for a target of 4970-4960 levels ...? What does charts' say ..? I guess we may see levels around 4950 in 2-3 days.
 
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S

simple_trader

Well-Known Member
#784
#784
simple_trader said:
expectation is to trade in range bound market between 4962-5075 NF. means insider day is possible today.
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NF bounced from 50% level 5018, so long it is above 5018, market would have positive bias. Possible intraday target 5065 NF. In case we go below 5018, we could test 4980.

Time being it is positive.

Though some time intraday moves are very deceptive!

Happy trading!
 
S

simple_trader

Well-Known Member
#785
#785
simple_trader said:
NF bounced from 50% level 5018, so long it is above 5018, market would have positive bias. Possible intraday target 5065 NF. In case we go below 5018, we could test 4980.

Time being it is positive.

Though some time intraday moves are very deceptive!

Happy trading!
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It goes close to target without violating 5018 NF. :) better to take profit max for intraday logs.

happy trading!
 
R

rajputz

Well-Known Member
#789
#789
Untill now we are heading North from south. Trend was verymuch down the last friday. This weeks closing above 5110 on Nifty spot can take the nifty in coming days to 5400 levels again.
 
R

rajputz

Well-Known Member
#790
#790
News about result of Chennai petro is Loss of 60 Cr vs pat 262 cr on yoy basis. And below is the chart of the Chennai petro the previous day. When whole market was going up, it gave a nice reject to downside. Although the loss news was yet to come (today).

All the news impact is already build up in the chart. All we need to do is follow them: -



CMP 252.50 -1.30% in positive market.
 
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