Nifty trend

[Capricorn]

Possible trade today..

We have a motha of a triangle on the 60 min at our R 5730 and the lower end at about 5660 our support level.

You know how to do the rest...

 

[rrmhatre72]

Short term bias up above 5750 then 5800 , 5850 , 5890 the final frontier.

S @ 5710 , 5665 , 5630.

Trade well.

Hi Capricorn,

Also advice how do you decide bias for the day?

 

[josh1]

How about this Capri?

 

[Capricorn]

Oh boy that chart hit me like a double patiala of Black Dog. How many things do u look at?:lol:

 

[josh1]

Oh boy that chart hit me like a double patiala of Black Dog. How many things do u look at?:lol:

Price, MACD, Moving averages, RSI. Now I am practicing patterns as you suggested.

 

[Capricorn]

Price, MACD, Moving averages, RSI. Now I am practicing patterns as you suggested.

Remember at least 3 swing points to get a trend line, you've drawn a few invalid ones up there.

 

[rrmhatre72]

Hi Capricorn,

It seems your PM box is full.
Was trying to remind you my earlier request.
Pls PM me.

 

[josh1]

Journey towards 5890 has begun. Nifty will most probably open above 5760 tommorrow.

 

[rajeabc]

Journey towards 5890 has begun. Nifty will most probably open above 5760 tommorrow.

Market has many surprises .
Could open gap down as RBI policy is due in afternoon.
i would be happy with gap up or gap down.. doesn't matter

 

[saivenkat]

Market has many surprises .
Could open gap down as RBI policy is due in afternoon.
i would be happy with gap up or gap down.. doesn't matter

I agree with you to an certain extent. All these hype created with the RBI policy does not matter.. only we poor souls.. worry about the impact of the CRR, repo, reverse repo..etc.. But then remember one thing. Players
( FII)wants to do what they wants.They will show some reason to break the market while hammering same stock and the take it up again next day buying same stocks..

The end result.. we donate generously to FII's and big bulls who already have their coffers overflowing with tons of Dollars..