Nifty trend

[Capricorn]

And back above again, should keep below 5400 for weakness.. Careful

 

[saivenkat]

Finally NIFTY is adjusting to global markets!!

Can you add some to this, as to how you say this..ST bhai

bearishness depends upon where we can crack 5400 or not

5400 cracked out.. which means you are bearish from this point on wards?

Cheers

 

[simple_trader]

Can you add some to this, as to how you say this..ST bhai



5400 cracked out.. which means you are bearish from this point on wards?

Cheers

saivenkat,

I am positionally bearish for 5100 target. But we would not know which path market would take to reach there. We need to respect whichever path NIFTY takes. But I am for that target.

For today's day trading, i am in side line as I was expecting insider day today. But it did not happen it broke yesterday's low. I am pure observer today with positional shorts, with some hedge which I took on Friday.

I was expecting insider day because, mostly market was doing that in past after a bigger range day.

For day trading i am tracking certain levels, which is not applicable for next day.

Broadly, I think 5400 is the key in this week. if we sustain above then pull back, if we trade below sometime, then 5300. follow up action is important than any level.

Please give some chance that my thinking can be wrong!

I said about NIFTY adjustment to global markets as I think even if global markets go up, we can go down to adjust. But difficult to tell when it would do. like we are doing today.

 

[saivenkat]

Thanks a ton, ST bhai for your detailed response.. :thumb:

 

[Capricorn]

Chop chop ... lots of that today..

 

[saivenkat]

Any reasons can one fix for nifty 5425 to 5392 in a hurry.. 'n at likewise retracing to 5430 levels..? What attributed to the selling:clapping: and what pulled it up?:annoyed:

 

[Capricorn]

HI folks , hope all had a great weekend. Back to business...

We closed in -ve territory on Friday. Now we would be +ve above 5460.

Supports at 5400 ,5370,60,50

R at 5450,60,70 after this congestion zone we jump to 5520.

Levels remain the same. Everyone's probably waiting for a good short .:lol:

If we break 5350 we re-evaluate.

 

[Capricorn]

Any reasons can one fix for nifty 5425 to 5392 in a hurry.. 'n at likewise retracing to 5430 levels..? What attributed to the selling:clapping: and what pulled it up?:annoyed:

Difficult to say , people use various methods to trade , I just noticed yesterdays pivot was placed at those levels so probably a lot of intra day stops got triggered.

 

[simple_trader]

For day trading resistance is around 5455 NF supports are at 5370 and 5315. We have been taking support around 5370 around, but situation is different now. Getting wide range levels as volatility has increased.

For positional trading, it is long way to go. We may see 5100, but in between bounces would come!

Happy Trading!

 

[Capricorn]

5380-5350 should be a good trade today..lets see