Nifty: Daily Price Analysis
- Thread starter SwingKing
- Start date
- Tags nifty daily analysis
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Now also not a trend reversal...I think it is...!!!!! 
If yes, then u would know and answer yrself, otherwise, whom do u trust - one person will say, YES it has reversed and another will say NO.
And Don't forget to attach TIMEFRAME while this question about trend (even if u are asking to yourself). IMO, right question shd be - Has trend reversed in 5min/ 60min/ daily/weekly/Monthly timeframe ?
Happy Trading
Linkon, don't know if u have come across post between TT and Nimish recently. I think, there is dividend distribution in few nifty stocks that will bring down stock price by dividend amt.. and hence the nifty's futures value too. This typically happens in June and hence we have wider gap between nifty spot and NF.
And when we apply Put-Call Parity approach of option pricing, then Put's are not costly compared to calls.
Happy Trading
And when we apply Put-Call Parity approach of option pricing, then Put's are not costly compared to calls.
Happy Trading
Dear even on Daily time frame the trend remains down. This is just my opinion. On Sunday I had written that this week market would test the 5130 - 5170 band. This is what is happening right now.
When you have two different time frames at loggerheads, which do you trust. I'd say I'll trust the higher time frame. And going by the same, weekly picture for markets is still very weak. Once the band gets crossed, we'd sit and review whether the trend has changed or still remains the same.
Tc
When you have two different time frames at loggerheads, which do you trust. I'd say I'll trust the higher time frame. And going by the same, weekly picture for markets is still very weak. Once the band gets crossed, we'd sit and review whether the trend has changed or still remains the same.
Tc
Yes why not. But then you will need to have a waiting period. See, on 5 Min chart we probably sell out after 30 mins max. On daily frame we sell in lets say 3-20 days. On a weekly time frame we need to hold atleast 1-5 weeks. I have written this based on randomly selected holding period.
Usually, higher time frames are used to initiate trade in the higher time frames direction. If weekly is up, then check daily. If daily is also up, then move to 60min to time your entry. But at no point use more than 3 time frames.
In general, out of 3, if 2 time frames agree, then you can enter in direction of the higher time frame using the lower time frame to time proper entry.
Hope you get my point. If you want, then over the weekend (along with your elliot wave) I will show you how to do this.
Tc.
Usually, higher time frames are used to initiate trade in the higher time frames direction. If weekly is up, then check daily. If daily is also up, then move to 60min to time your entry. But at no point use more than 3 time frames.
In general, out of 3, if 2 time frames agree, then you can enter in direction of the higher time frame using the lower time frame to time proper entry.
Hope you get my point. If you want, then over the weekend (along with your elliot wave) I will show you how to do this.
Tc.
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