Nifty Futures Trading

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uasish

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#763
#763
Re: Time to Stick my Neck Out ,Nifty 7300

In 1 min chart the immediate High & Low is being observed to get the FEEL of the motion .
1)It is then seen whether the Up move was less in Rs terms than the Down.
2)Then to observe whether there is some sort of Consolidation being attempted ?
3) Then to decide the SL .

Missed another imp point what Saint has guided us ,to look at the Gradient of Slope in Down trend.
 
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uasish

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#764
#764
Re: Time to Stick my Neck Out ,Nifty 7300

Now in the chart the Last significant Upmove originated from 5231.00 & now getting corrected,but the High of ths up move was 5248.00 (approx) ,in other words 5248 - 5231.00= 17 *.6182 = 10.50
5248 - 10.50 = 5237.50.

Watch that.
 
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uasish

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#765
#765
Re: Time to Stick my Neck Out ,Nifty 7300

However from 5240 it is again trying to surpass 5248.00 & now surpassed while i post.
 
Saint

Saint

Banned
#767
#767
Re: Time to Stick my Neck Out ,Nifty 7300

Yep,Asish.....not happy with that gradient to go short.In a downtrend,and therefore not happy to go long......

Saint
 
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uasish

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#768
#768
Re: Time to Stick my Neck Out ,Nifty 7300

Ashish,

Could post the chart now,the earlier PIB was more than 100 kbps.

Asish
 
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aca_trader

Active Member
#770
#770
Re: Time to Stick my Neck Out ,Nifty 7300

aca_trader said:
Certainly a channel BO as drawn by you. The right end may be developing into a H&S kind of pattern.

Regards,
--Ashish
Click to expand...
A further fall may cause divergence in NIFTY 5-MIn. If the price comes to previous low and reverts back, double bottom with divergence would be there on 5 minute.

But even then no trade today. :)
 
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