Nifty trend

[Capricorn]

A wolfie on the 60 min Tatamotors. Just an illustration

 

[rajeabc]

A wolfie on the 60 min Tatamotors. Just an illustration

IF result is better than expected then upward move will continue otherwise we will see some correction.

 

[simple_trader]

This is how we are placed now.

 

[Capricorn]

SGX down 16 pts. and we are in a rising wedge with the T/L @ 5390-5400.

Time for a big move??? I hope so.

 

[simple_trader]

Today NF resistance is at between 5460-70 range, would not be surprised if we make down swing to 5400 around in intraday.

Though over all bigger picture it seems still we are in the range of 5400-5500 unless market confirms other wise.

 

[simple_trader]

Today NF resistance is at between 5460-70 range, would not be surprised if we make down swing to 5400 around in intraday.

Though over all bigger picture it seems still we are in the range of 5400-5500 unless market confirms other wise.

We are straight to resistance in first a few mins. Will it fall to 5400 in the 2nd half or market has something else in mind?

 

[simple_trader]

This is how NF living! below today's low it should fall hard?

 

[simple_trader]

We are straight to resistance in first a few mins. Will it fall to 5400 in the 2nd half or market has something else in mind?

So far so good smaller time frame it appears that NF is taking support around 5435-40 range. Let's see how it unfolds. Yesterday it was insider day, may be we can expect more expansion in down side.

 

[Capricorn]

-ve below 5450....

 

[simple_trader]

Better to take intraday profit and stay protected as per hourly chart trail SL.

RIL spot exactly at 980 now. It bounced many times from here. It will make or break. I would say careful in short! or be with proper SL.