Intraday NF

We are at life time highs and closing has been good. All fit for a gap up. If they wanted to trap the retail, atleast the volumes would not have closed at the highest. The retail does not buy this much quantity. The buying has come from institutions.

Maybe tomorrow's holiday will also affect the opening on Wednesday.

You nailed it.


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Whatever the opening they (the market makers) have also risked there money by buying it at the top. They should know what they are doing. They will take it higher i think irrespective of the opening. This sense of denial by using all kind of rational excuse (Island reversal and eliott wave earlier, fibonacci levelsand PE ratio now) is what is fuelling this rally further. Markets are never known to be rational. Only liquidity drives it. Reliance has only just started.

06/04/2017 Thursday

Hi,

Pattern that was suppose to happen yesterday happened today.

Yesterday's mirror effect working of Monday's totally mesmerized one and all. Just to wake them and stare a Gap Down Start.

In a market like our's "The beauty of knowing what's going to happen next day, Makes or Breaks the Trader"

Yesterday I broke some and today not only I made some I actually made more than I broke some and that's because I knew what was coming.

Opening below 9258 is bad but trading above it won't last last long if Credit Policy throws a Bad Surprise.

Below 9220 my target is 9195 - 9180


Byre

06/04/2017 Thursday

Hi,

Since there was no Bad Surprise in Credit Policy mkt has saluted it by trading above 9258

Tomorrow's (Most probable) Gap Up Open Price will be used to initiate Sell Trade as the mkt will tend to show Bearish sentiment from yesterday.

Bye

05/06/2017 Monday

Hi,

Short NF with 9690 as SL
9627 is the Target above 9690

Lower levels as per your liking

Bye

06/06/2017 Tuesday

Hi,

Today's Resistance 9688, 9677

Bye

06/06/2017 Tuesday

Hi,

I am counting on intraday rally.

Let's C how high it goes.

Bye

06/06/2017 Tuesday

Hi,

Since mkt is in a narrow range it's prudent to bank profits and that's what I have doing all this time.

Even now NF call are banked n profits locked.

Small profits of Rs 3000 - Rs 4000/- are locked multiple times during the day

But the rally is not over we will see up's and down's but I'll still bank on Intraday rally rather than fall.

Bye