Trading with PT style

[findvikas]

a big up bar with lack of volume followed by a red bar... sure sign of weakness ahead with ADX almost flat depicting weakness of trend (which was up since past few days).... I would love to be wrong for you PT bhai.. but it sounds like one of those fine days where market move higher on lesser volume and then they dump it all

Did I just wrote it?
Yeppiiee... I learned Volume Spread Analysis as well... thank Bunny for the PDF

 

[Shravan Reddy]

what was that sudden fall from 5160 to 5123?
Was there any news?

 

[findvikas]

what is ur recco now? Buy CE?

Rajiv

Wait for tomorrow... dont take overnight positions... tomorrow could be a gap down as I see more downside. If history has to repeat itself then we would have made a yearly high today and like all the past 10 years we would correct in December to touch November's lows... too much ambitious.. but realized that nifty breached 5114... PT bhai ... 30+ ho jaye

 

[findvikas]

smart money has to earn their bread and butter as well right? news was since morning very much visible in charts ie. no volume to touch or breach 52 week highs.. which actually didnt happened yet as well. saved by 0.95 paisa. Upthrust bars can lead you to new highs but sustaining there is very tough...

 

[findvikas]

watch out for 5108 in SPOT and open ruthless shorting till 5050

 

[praveen taneja]

what is ur recco now? Buy CE?

Rajiv

Did I just wrote it?
Yeppiiee... I learned Volume Spread Analysis as well... thank Bunny for the PDF

what was that sudden fall from 5160 to 5123?
Was there any news?

Wait for tomorrow... dont take overnight positions... tomorrow could be a gap down as I see more downside. If history has to repeat itself then we would have made a yearly high today and like all the past 10 years we would correct in December to touch November's lows... too much ambitious.. but realized that nifty breached 5114... PT bhai ... 30+ ho jaye

It is nothing but a profit booking on large cap by people who are long from 4800+ now wait for any move in F&O by big players from me mkt is not a sell untill it goes below 5080 lets see:thumb:

 

[findvikas]

Very much possible... my system says wait till 5040

 

[praveen taneja]

yday support now in action again 5115 will buy 5300 call above 5140 or put below 5080 till then Shree Ram Jai Ram Jai Jai ram

 

[PGDIMES]

It is nothing but a profit booking on large cap by people who are long from 4800+ now wait for any move in F&O by big players from me mkt is not a sell untill it goes below 5080 lets see:thumb:

Still at premium...

 

[PGDIMES]

Where do u get the market volume data?