Nifty trend

[Capricorn]

LOts of support there..thats the 60 min

 

[simple_trader]

If my chart data is right, BN has touched all time high today around 10770 around. Though I am wondering how it made high 10770 earlier as all stocks are significantly higher now compare to 2008 bull market highs. Any way, I think it offers down side trading opportunity now. It seems to have stopped around 10770. Though we can not predict, which day it will give money.

Happy Trading!

 

[simple_trader]

If we can't hold 5440, then 5380...:lol:

I was completely wrong today. your 5480 has come! good analysis.

Happy Trading!

 

[rajeabc]

If my chart data is right, BN has touched all time high today around 10770 around. Though I am wondering how it made high 10770 earlier as all stocks are significantly higher now compare to 2008 bull market highs. Any way, I think it offers down side trading opportunity now. It seems to have stopped around 10770. Though we can not predict, which day it will give money.

Happy Trading!

ST , I have noticed that you always select stocks/Index to short ? Any specific strategy ? Do you ever do long ?

 

[simple_trader]

ST , I have noticed that you always select stocks/Index to short ? Any specific strategy ? Do you ever do long ?

Hey buddy, I was long always till last to last week. In fact I was holding NF long when dow made 9600 and all were saying everything gone. If you go through forum, I was saying about 5500 from below 5000. I guess some was blaming me at that time

My approach is mostly one sided, now I would trade in sell side mostly. I am be wrong! I feel we will make down swing!

I do not trade BN normally. But to be frank, initially i thought it would top out around 10000-10200. I was wrong!

Just to add one more thing, I do not rule out 5550. But I am ok to sell, when opportunity comes. Some cases, it may fail.

 

[praveen taneja]

I THINKNo U Turn before 5600 can be 5720 too to eat all short of this mnth and that of next mnth

 

[Capricorn]

I was completely wrong today. your 5480 has come! good analysis.

Happy Trading!

Don't worry about it , it happens to the best of us. Best thing to do is to take it in your stride and move on.

 

[Capricorn]

I THINKNo U Turn before 5600 can be 5720 too to eat all short of this mnth and that of next mnth

Let's not jump the gun, let 5600 happen first.

 

[Capricorn]

As things stand Nifty will be -ve below 5425,. Have a great weekend folks.

 

[Capricorn]

If my chart data is right, BN has touched all time high today around 10770 around. Though I am wondering how it made high 10770 earlier as all stocks are significantly higher now compare to 2008 bull market highs. Any way, I think it offers down side trading opportunity now. It seems to have stopped around 10770. Though we can not predict, which day it will give money.

Happy Trading!

BN should be -ve below10750.But if it sustains this level up we go.

Levels on down side 10645, 10550