asish da
ur loc,,,is based on 60/30 min,, ebcause even i am egtting the same value as 4197.38 as loc but it is valid for 30 min,,
learn2 trade
i dont find ur substance is cmpletely a base for hsort term reversal there are many more strong factors which has been more wieghted for this up move of 400 points
czar
first i would make it clear that i am trading as per mini chart nifty(though i find hardly any much difference in nifty fut with it)
i actualy had menat to sya sochastic showing double bottom in 60 min chrat which wsa arround 1 pm,,, which formed teh lowest nifty at 65,,and if u verey well rememebr tehn we moved up ward from excatly there...
third u can refer my post around 1 pm where i had posted covering of lal shorts at 65 levels( but that was not because of this reason,,,!! some other ,it was because 60 min chrat was showing strong suppr at 65
renu