Nifty trend

[Capricorn]

Looks like the nifty is basing below 5440, ...B/O today??? 5433 would be a good s/l if the breakout happens.

 

[Capricorn]

Looks like the nifty is basing below 5440, ...B/O today??? 5433 would be a good s/l if the breakout happens.

NOt yet I suppose.

 

[Capricorn]

Finally did and just short of 5470. 5490 next.:lol:

 

[Capricorn]

Nifty is in +ve territory above 5440.

S @ 5440, 5470-90 congestion, 5510, beyond that 5545.

 

[Capricorn]

The Sgx is already at 5507, above 5515 we should have a clean run to 5545-50. We'll take it from there. Have a great day.

 

[simple_trader]

Though SGX NF is above 5500 now, without seeing Dow and other markets, going by only our chart, I found 5480-5500 spot range can be congestion range, we can see profit booking or pull back from this range. Though as long as above 5450 NS, 5540 is possible. This is one of such day, we have to wait and measure the strength of the market.

 

[Capricorn]

The Sgx is already at 5507, above 5515 we should have a clean run to 5545-50. We'll take it from there. Have a great day.

Hammered back from 5514..

 

[rrmhatre72]

Though SGX NF is above 5500 now, without seeing Dow and other markets, going by only our chart, I found 5480-5500 spot range can be congestion range, we can see profit booking or pull back from this range. Though as long as above 5450 NS, 5540 is possible. This is one of such day, we have to wait and measure the strength of the market.

Hi ST,

I "feel" our market will have reverse trend as compare to global markets.
We may close flat or lower today.
not sure if it right time to add some more short positions here.
let us see....

 

[simple_trader]

Hi ST,

I "feel" our market will have reverse trend as compare to global markets.
We may close flat or lower today.
not sure if it right to add some more short positions here.
let us see....

Too early to say now. We can test 5420 NF today. Keep holding your positions. Take decision later I mean.

 

[Capricorn]

Too early to say now. We can test 5420 NF today. Keep holding your positions. Take decision later I mean.

That would put us in bear territory..