The Nifty Trading Lounge

[angrish99]

seniors kindly explain what happened in last 45 minutes today to close the shop at 5300+

 

[Umesh Suresh]

if there is a seller for every buyer and a buyer for every seller.. then why should price fluctuate ?

 

[angrish99]

Holding my short position.

 

[ashutosh.krsrivastava]

Holding my short position.

Beats me, the last 45 minutes.... What are your views about that... your holding shorts is good, I am also doing that, but what about fresh short at current level??

 

[angrish99]

I will try to add more shorts at tomorrow EOD level.

 

[SEVEN STAR]

5270 spot support will watch this level
5365 is the Trend reversal on the up side
Trend is down targets 5270/5241 sl 5365
intra day spot above 5335 can see some buying ...

 

[bpr]

Guys update on SBIN as I said earlier the resistance 1930-1940 zone prevailed and SBIN did not recover.
If you are looking for up side then rest assured this is not going to happen this expiry where as there is still some chance that it might give something on the short side. Staring next expiry fresh analysis should be done before taking sides.
PS: The vertical line shows where the current month expiry ends.

Follow up on SBIN, my analysis was bang on :clap: happens very rarely though.

now currently SBIN has a strong support 1800-1820 range whether it holds or not will decide its future course of action.

 

[bpr]

On nifty Lets hope this is real breakout

after break out Nifty finally resting on 50 day EMA.
For the next month You can clearly see the range for nifty which formed by criss crossing two expiry line and the trendlines.
PS assuming trend lines are valid and they hold

 

[SEVEN STAR]

5270 spot support will watch this level
5365 is the Trend reversal on the up side
Trend is down targets 5270/5241 sl 5365
intra day spot above 5335 can see some buying ...

spot 5241..still going down ..

 

[angrish99]

Position covered 5290. Let see what fed will say.