u r right sultan and also long term astro supports a bulish mkt but shortterm trend (day trend ) is purely negative the image attached is the pattern which i saw to be made on nifty chart chart is not made by me and many people espply soduku will surely recognise this chart so the point pointed by u sultan bhai is right because volumes are also ok (not very high or very low) as a expiry week and we r seeing higher high and higher lows so we have to wait for trend to break tomaro because tomaro is the day when as per me nfty will break on upside if not tomaro then on friday but wrt today i will be seller in all rallies
today i am a bear and tomarrow i will be a bull so tht doesnt means i will carry overnight long positon i will recomend to go position less for tomaro
happy trading and have a great rangebound trading day
its a catch 22 situation: chart undertone bullish evidently (intra & eod) but 5200 CEs very high OI, thus till tomo crossing 5200 is not in interest of smart money ? but june qtr ending nav so till next week any move is not very trust worthy...
5140-5160....4 hours..Trading range never be any chance to trade according to me ... Frustration.. ..Final 30-45 Minutes may give trading opportunity..
Not necessarily have to trade all the Time ... Is there any compulsion!!
Testing time to groom young traders to be Disciplined ..Fail to learn these lessons will never become a successful TRADER....
Fut.5166 RES. break down only below 5140/5130