Nifty - Trade Intraday

[paras_123]

Again entirely based on E O D pattern. Entirely.....
83 tested,

 

[paras_123]

5870 , first support broken, expectation around 5830 levels
Let us see

 

[paras_123]

IF we see SBIN, Seems in good uptrend, It seems that this time, SBIN would break its previous high of 3500 and make an new attempt, in 6 month horizon.

1876 would be considered as a trend reversal for SBIN and a pull back till 1930 could be seen.

Nifty would test 6000 in few trading days and so on 6450.... in a 3-6 month span of time

 

[paras_123]

camarilla go short at 83 and long at 59.

value area for today stands at 5261.8 - 5290.9,

sideways pattern till now, expectation to be in a range as discusd.

upper side target 82 and 86, remain sideways until we clear 90 and trade above it for one session
downside,trading under 75 is bad and bearish in nature, target 60, may test 44.

 

[paras_123]

idea in a sideways pattern, buy at low, sell at high.

 

[paras_123]

reliance and bhel looks good till now, hopefully help nifty to go up

 

[paras_123]

yesterday as mentioned, we were remain in value area. and it works very well.
yesterday was an inside day followed by a narrow day

so structure we have for today is inside day plus NR4, Take fibbonacci, take camarilla for buy and sell targets. it will work

 

[paras_123]

today's support area, 890 and second is 896, clearing 40 and trading above it will lead to 6000, target today.
broking support levels could fetch 16 - 20 points profit target.
As per Marting Pring wave analysis, I am short at 916, with some 12 - 15 target profits.
with 918 as SL, let market to move either ways, we'll see.

 

[paras_123]

net trend is upward only, buy on dips would be good strategy for today.

We will test 6000, 6200.. Don't delay in picking good stocks today,
SBIN, Bhel, tata motors, JP Associate, Unitech , PNB- Buy on dips
12 POINTS covered

 

[paras_123]

last support is at 882 for nifty, we wont be testing it