Day Trading Stocks & Futures

re: Day trading Nifty & Banknifty Futures

Sirji. How big a rally do you see.. Any tentative levels.. 6100/6200..
DeMark has no target for inbetween rallies but in my judgement the rally will fizzle out in 2 days and 6150-6175 levels.It will be a tradeable rally.

Smart_trade
 
re: Day trading Nifty & Banknifty Futures

if we have 9 down days wont that be a buy signal? as defined by buy settup..or am i wrong
No , 9 days completes set up..so there are 2 scenarios either comedown straight and come to 5800 and bottom there OR a rally ...and then a grinding downmove again and completing 13 countdown bars too....let us see what unfolds..

These are long term views....dont base your short term trades on sequential but keep the set up in mind...inspite of sequential, if market starts a rally , you will see me in long positions definately..

ST
 
re: Day trading Nifty & Banknifty Futures

dear smart trade: do u think it might rally to 6300 and then again come down below 5900 after that based on that analysis method u talking about?

No , I dont see that happening.....Rally I am not expecting above 6200.

But anything can happen in the market and I could be proved wrong.

ST
 

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