Nifty Futures Trading

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Sunil

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hmmm was thinking of going short @2840 level where I spotted Hanging Man(5 min charts @11:05) which means Bearish. I had also posted 2849 as resistance. But looking at the mood(and the loss I had made due to gap up) made me think otherwise. Wish I had now :(
frankly, i look at 5min chart for pivot bars (for trailing stops) and for chartical patterns...
5min is too less a time frame to give meaning to each bar
atleast 30min TF should be relied for such individual bar "meanings" (personally i just know inside & engulfing bars - ie a group of bars, and do not follow the meaning of individual bar)

and as mentioned before, chartical pattern in 1min chart spread over less than 30min time duration is very less reliable
 
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