Nifty Futures Trading

[uasish]

Shorted @ 4411.00 Stop = 4423.00

 

[uasish]

Placed 25 % exit @ 4395.00

 

[Sunil]

covered most of shorts here at 4400 fut

 

[Sunil]

today's open HOD needs to break today, otherwise yesterday's bounce would be just a correction in this short term downtrend

 

[uasish]

today's open HOD needs to break today, otherwise yesterday's bounce would be just a correction in this short term downtrend

Second this view,let us see what unfolds in the course of the Day.

 

[Czar]

3rd that view Sunil, infact bounce from oversold & a bull trap... but interestingly the volumes died after hitting 4431 today so appears to be consolidation...

Have noticed several times that after a big bounce on 5 mins there will be 3 minor LH LL waves to consolidate

 

[Sunil]

and in today's intraday chart, there's an attempt of LL LH...
and da's FUT 4422 (precisely 4423.5) needs to break first to negate this intraday LL LH

 

[uasish]

Covered @ 4407.05

 

[uasish]

Czar,

Is there some type of dbl. bottom in 1 min chart ,around 4498 which is near support level 4495 to 4492.00

Asish

 

[deb99891]

to continue the upmove it should not go bel. 4393 lvl