Nifty - Trade Intraday

[paras_123]

huge resistance on upper side, look for selling opportunity.
Sell once 6106 is cut.

6088 support and then 6070 levels

 

[paras_123]

I was writing in this forum at 9.12 and I lost my selling opportunity. He-He in Nifty

Sold SBIN on pull back around 20 levels. Hi Swing is not violated at 42 levels, and lost significant resistance,

expecting it to test lower targets around 2091 levels

 

[paras_123]

exit at 18 levels 80%, rest wait and watch.

 

[paras_123]

rest at 2116,,,,

 

[paras_123]

downside targets should be 36 levels, but since expiry and graph pattern 6077-6075spot may STAND LOW for the day and in futures it will be 60.

 

[mskceg]

Hi Paras,

There is some probability that a trend reversal from up to down could occur as the current nifty/sensex price pattern looks like Head and Shoulder reversal pattern.

Paras, I am new to Traderji and not an experienced trader. Just trading intraday for past two weeks. But I have lost more than what I earned. I believe you are an experienced trader. Could you please confirm if there is definite possibility of winning if I pratice/learn more?

Sorry if above is unrelated to this thread.

Thanks in Advance!
Senthil.

 

[paras_123]

Hi Paras,

There is some probability that a trend reversal from up to down could occur as the current nifty/sensex price pattern looks like Head and Shoulder reversal pattern.

Paras, I am new to Traderji and not an experienced trader. Just trading intraday for past two weeks. But I have lost more than what I earned. I believe you are an experienced trader. Could you please confirm if there is definite possibility of winning if I pratice/learn more?

Sorry if above is unrelated to this thread.

Thanks in Advance!
Senthil.

it is fine.... i left for my hometown on 29 and back now...
we'll work it out

 

[paras_123]

5615 is a support, and 5617 as Swing high... below which nifty must collapse.
2 line break up, resistance stands at 5760 levels, close above which test of 5835 would become feasible.
Candle stick Scalping at 5666 and 5610,
Candle reversal at 5724

Intra-day buying above 5687

 

[paras_123]

Short at 5616 covered at 5595,,, i exit my position...

 

[paras_123]

5600 spot and 5580 futures not broken, once broken, sell on rallies would be a great idea. today market is slow