Daily Tryst with Nifty


Well-Known Member
Case 2 triggered today; ie the neck of the Inv H&S broke, but the breakout is apparently a failure.
Sticking my neck out in front of bulls & stating that this means a target of 4585-160/180pts = around 4425/4405

I have taken suitable bearish position using options...

(personal view, which may be proved wrong by market)
Part 1 done...

bringing 20DMA into pic after a long time - coincides with the target of 4425


Well-Known Member
Nifty finally fills the intraday gap @ 4471.. and nifty futures @ 4481 though i was out of longs a bit earlier @ 4466 futures..

Now using yesterday's low + filter as short stop... that is near 4490..

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