Re: Time to Stick my Neck Out ,Nifty 7300
After the first hour of trade,we still have all time frames in a dntrend.In the daily charts,NF still in a dntrend.....if prices shoot up from here,we would have gotten us a higher pivot low,and a move above the 5367 area gives us a new daily uptrend.
On to the all important 60min,above 5203 gives us an uptrend on the 60,a clear cut visual only over 5225....
That gradient on the 60 and the daily looking more and more like an up move in the offing soon........but as always,not looking to predict a move and anticipate an entry.We wait for some confirmation.
Above the high of today +Rs5-6 would be great to go long...........but either way,waiting for the high to get taken out before making a entry.
For now,a wait-n-watch.....
Saint