Nifty - Trade Intraday

[paras_123]

first exit at 23 (80%) rest at 15 levels

 

[paras_123]

Spot NIfty 5870 above, market would go and test 5900 again

 

[ganeshams]

But I guess volumes are not supporting looks like dull day. whats your abservervation

 

[paras_123]

it is going to fall, was waiting it to sell at 67-70 band, spot.... It is a Martin Pring wave analysis, See range being made in x times, and then market consolidate more than 2/3 of time, Sell at highest possible with current High registered as SL.

But now time is gone to take fresh trades,,,,,

Spot remains a trending day, where initial low is not cut,,, wait for a move either side

 

[paras_123]

20 Points move either side from open would suggest trend is on that particular side.
Yesterday was a narrow day.

Nifty may open at 5870, we have a Strong resistance at 5895 to 5900.

5851 Last support, Bull Hook day, range expected now is 5851 - 5888

 

[paras_123]

SBIN moves above 1932 and may test 1943, only if violates 1932.
Sell below 1900, will test lower targets,,, can go long with 1900 SL or 1898 if volume support.

Paras

 

[paras_123]

SBIN should test 1880 and 1878 after a cut of 1888, will book profits there

 

[paras_123]

SBIN cover rest at 73

 

[paras_123]

nifty spot already given bullish signal,,,, it can extend rally upwards and higher above above 5936 spot,,,

 

[paras_123]

we may test 6000 today, Market is bullish.