Nifty trend

[Capricorn]

Below 5720

S @ 5640 , 5580.

 

[timepass]

Below 5720

S @ 5640 , 5580.

Bhai, what about above 5720 ?? No chance of staying up?

 

[Capricorn]

Bhai, what about above 5720 ?? No chance of staying up?

Let Mr market decide...:lol:

Levels are R @ 5800 , 5850 , 5890

 

[timepass]

Let Mr market decide...:lol:

Levels are R @ 5800 , 5850 , 5890

Fine.. then I'll book profits @5826

 

[alroyraj]

Does it make any difference? Switch on CNBC and you will get n number of reasons :lol:. Postmortem of market behavior does not help in trading.

Of course using market profile theory to analyse the volumes behaviour around levels is the best trading setup. But one needs intraday data for the last few days and competence is interpreting it. This is as pure as price action trading.

 

[rrmhatre72]

Below 5720

S @ 5640 , 5580.

Hmmm.... Isn't 5690 good support....
Market moved from 5698 few days back & today from 5695.
but I agree below 5690 it will go to 5640 non stop.....

 

[Capricorn]

Hmmm.... Isn't 5690 good support....
Market moved from 5698 few days back & today from 5695.
but I agree below 5690 it will go to 5640 non stop.....

Don;t let the deviations either side of the levels fool u. Look for patterns/ formations around these levels for confirmation.

 

[Capricorn]

5700-5900 ping pong zone.

 

[alroyraj]

5700-5900 ping pong zone.

Exactly. For the past week the market has gyrated and compelling many here close positions prematurely both short and long positions. Sort of extreme action. Interestingly on an alternate day basis both would have made money. thing is the mind has the habit of extrapolating any move against our position.

 

[josh1]

Let Mr market decide...:lol:

Levels are R @ 5800 , 5850 , 5890<-------

Bias negative unless it goes above your favorite level?