My System - My trades.

[varunkochhar]

Just giving a heads up for people who trade NIFTY. There were 3 LV bars made today in 200tick charts.
The 1st at around 9:45 with a high of 9479.05 and a low of 9474.
(We traded below this the whole day)
The 2nd at around 10:13 with a high of 9467 and a low of 9464.25
We went above this once after it formed to reach a high of 9470.
The 3rd and the last LV Bar (The real sense LV bar of the day) was formed at around 12:25 with a high of 9465.4 and a low of 9463.5.
We traded below this bar the rest of the day.

These 3 ranges might come up in play tomorrow with what looks like a good Gap up. Whether these levels would sustain or not, they will give us a good indicative levels for Trading.

 

[varunkochhar]

The Gap up if accompanied by rising OBV will only give us confirmation of an uptrend. So for tomorrow after the Gap up (If it happens) the OBV is above/remains above PDC of OBV remain long else not.

 

[varunkochhar]

In BN there were 4 LV bars leading to the real lowest Volume bar.

They were at
9:25 with Low of 22853.1 and High of 22869.85

9:35 with Low of 22842.25 and High of 22859.9

9:49 with Low of 22828 and High of 22839.8

10:19 with Low of 22803.05 and High of 22814.85

12:27 with Low of 22786.1 and High of 22797.95

All these levels were well respected through out the day today.

 

[checkmate7]

Varunji​ Tata steel view??

 

[varunkochhar]

CM ji pooped tonight. Will answer tomorrow before trading. But no shorts above 480.

In Nifty good supports at 9400/20. Buy with a 10-20 point sl if it goes there. Good RR.

 

[wisp]

Varunji, please a request. From Today's tick chart, can you please tell if price in BNF after opening at 22695 did it make 22650 first or 22710 first, thanks a lot!

 

[varunkochhar]

Wisp ji sorry for the late reply. 22650 was the 1st tick.

 

[varunkochhar]

Varunji​ Tata steel view??

Yesterday's last LV bar's high in 200tick charts was 492. Today the LV bar's low is at 480.80. So BO/BD above or below these levels.

 

[checkmate7]

Yesterday's last LV bar's high in 200tick charts was 492. Today the LV bar's low is at 480.80. So BO/BD above or below these levels.

Thanks Varunji :thumb:

 

[wisp]

Wisp ji sorry for the late reply. 22650 was the 1st tick.

Thanks a lot Varunji