Re: Time to Stick my Neck Out ,Nifty 7300
Still holding 1/4 long.......looks like gap down territory tomorrow.Looking to exit longs and look for opportunity to get short.
We have been trading in a triangle for the last few weeks......a gap down tomorrow is a breakdown from this triangle to the down.Means we not only have 60min as a downtrend,but the daily looks like joining a clear cut move down........Basically a continuation in the intermed dntrend!....So,careful if long!
But it all depends on the extent of the gap down even for a short...
Interesting day tomorrow...
Saint