Day trading by a learner

[rajasree1]

Nifty moves towards south with a high velocity.
At 6075 I will cover my shorts.
Will decide at 10:15 what to do.

 

[rajasree1]

Expecting a bounce back upto 6075 lvl. due to some stocks like Axis bank, Bank of Baroda,Cairn, Bharti Airtel.But in Nifty chart I am not able to find anything for trend change except in 1min TF.
Below support 5940 5909
Thanks.

 

[rajasree1]

An up move is expected with a resistance at 6033,6050,6091.
But a close abv 6090 will force me to go long else will short at 6090.
For tomorrow a clear buy signal at 5min,15min tf .
ICICI bank, BPCL,NTPC,SIEMENS,TCS will move.

 

[rajasree1]

As expected Nifty moved up but I think it will struggle at 6150 lvl
and will move downwards.
Yesterday we got fantastic movements in ICICI,SIEMENS,BPCL.:clap:
But what abt NTPC!!! My failure . I will study the chart again .


For today my preferred stocks are
M&M,JINDALSTEL,POWERGRID and GRASIM.

 

[rajasree1]

Today 6047-6075-6027 lvls are expected.
ONGC and Yesbank - buy

 

[rajasree1]

Yesterday Nifty moved as expected.
Today,on exp. I will not trade. But expecting that Nifty will move
6092-6125. If price can pierce this lvl I am ready to see 4% up move or more.
A simple Daily trend line brk. will occur else South or S-East move.
I am expecting South move. Let us see.

 

[rajasree1]

Expecting a south move from 6125 spot.
I will short spot 6125 lvl with a strict stop loss at 6135.

 

[rajasree1]

6235 spot is expected before a correction

 

[rajasree1]

6228 spot is today's high.
Expecting 6145 now if 6235 is not cleared.

 

[rajasree1]

My spot target is still 6145 lvl . A sharp recovery may occur from this lvl.