Nifty Futures Trading

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Satyen

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Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Saint and asish , we have hourly uptrend and 5 min down trend which may be pull back of hourly chart ... according to saints pivot method our bias should be towards buy ? if so wil buy once 5 min trend changes its direction in line with hourly trend .... if 4860 pivot (on SPOT) broken in 5 min then 5 min also change direction and goes into uptrend with houlry and giving us a buy set up ....

Waiting comments
 
Re: Time to Stick my Neck Out ,Nifty 7300

Hi
Saint and asish , we have hourly uptrend and 5 min down trend which may be pull back of hourly chart ... according to saints pivot method our bias should be towards buy ? if so wil buy once 5 min trend changes its direction in line with hourly trend .... if 4860 pivot (on SPOT) broken in 5 min then 5 min also change direction and goes into uptrend with houlry and giving us a buy set up ....

Waiting comments
In Spot, Pivot is ~ 4863, yes an invalidation of downtrend on 5 -min when 60-min is up is a buying opportunity for intraday trade.

As a corrolary, if 4800 is broken on NIFTY SPOT Hourly chart, it'll mean hourly uptrend is over when daily is in downtrend.
 

Satyen

Well-Known Member
Re: Time to Stick my Neck Out ,Nifty 7300

In Spot, Pivot is ~ 4863, yes an invalidation of downtrend on 5 -min when 60-min is up is a buying opportunity for intraday trade.

As a corrolary, if 4800 is broken on NIFTY SPOT Hourly chart, it'll mean hourly uptrend is over when daily is in downtrend.
Thank you very much asish

Again if one trades hourly chart then will short below 4800 having stops at hourly pivot

Thanks again

Regards
Satya
 
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