So, nifty (spot) has passed the green cloud entirely and now appears to be headed for the red cloud. If it does touch the red could in next 3-4 days, that would be in 4900 area (in that case I'll shoot all those who advised me to go short).
We just had a fresh TL drawn on the 4-hour chart, which is my black line (My format for TL's are the same 99.8% of the time-- black drawn from the 4-hour, blue--daily, red--weekly, maroon--monthly.). It is the break of that TL that will offically signal we are back in the DOWN. Watch the candle when the TL is broken, and it will be a typical candle on a break of a TL. It will be longer than the usual 4-hour candle.
Do you really trust niftyben that much ?? Anyway, the bell was rung for me when NF on 60min formed a full candle above 21MA (as I said yesterday), but despite the indicators, I am quite suspicious of my CEs.
Do you really trust niftyben that much ?? Anyway, the bell was rung for me when NF on 60min formed a full candle above 21MA (as I said yesterday), but despite the indicators, I am quite suspicious of my CEs.
My hearty New year wishes to all friends and Tj members.
Back to business I left on vacation on 16th Nifty was at 4652 and i said nothing much is going to change till i come back to trade on 2nd Jan. Now spot Nifty have to hold 4590-4570 try one more attempt towards 4800 which seems to be possible
Expecting bounce from here entered long from 4590 will watch 4660 hurdle to cross 4730 is trend decider Hourly chart indicates some bounce till 4720
New Year started on a banging note for me long from 4590 still holding people talking about shorting be careful ....i see Nifty heading to 5050 this up move will kill all those who are in bear frame of mind possible dips too 4540 i fixed as sl when i initiated my long ...i keep moving SL. as the market move up ... the immediate hurdle i see at 4840-4920
Expecting bounce from here entered long from 4590 will watch 4660 hurdle to cross 4730 is trend decider Hourly chart indicates some bounce till 4720
New Year started on a banging note for me long from 4590 still holding people talking about shorting be careful ....i see Nifty heading to 5050 this up move will kill all those who are in bear frame of mind possible dips too 4540 i fixed as sl when i initiated my long ...i keep moving SL. as the market move up ... the immediate hurdle i see at 4840-4920