General Trading Chat

[niftygupshup]

IMO, NF will be bearish unless manage to sustain (decisively) above 8630 or better above 8650

 

[lemondew]

30min volume prof show 8620 as max vol

IMO, NF will be bearish unless manage to sustain (decisively) above 8630 or better above 8650

 

[niftytaurus]

Dear ST Da
If we see today's Nifty-f chart..if I am right, We are in visual downtrend in 5 min chart..& from 11:15 onwards, we are in minor sideways...visual downtrend is still on..but in minor its is consolidating near support..
so in this kind of condition, we can assume 2 things:-
1) its taking support ,it doesnt want to go down more..though candel doesnt show that..as its making a down channel pattern..
2) It will break that support & downtrend will resume..
so how do we decide that which condition has higher probability? or should we wait to break those levels & then decide?
thanks

 

[Smart_trade]

Very candid interview by RBI Gov Raghuram Rajan.It was on CNBC at 2:00 pm today.

ST

 

[Smart_trade]

Dear ST Da
If we see today's Nifty-f chart..if I am right, We are in visual downtrend in 5 min chart..& from 11:15 onwards, we are in minor sideways...visual downtrend is still on..but in minor its is consolidating near support..
so in this kind of condition, we can assume 2 things:-
1) its taking support ,it doesnt want to go down more..though candel doesnt show that..as its making a down channel pattern..
2) It will break that support & downtrend will resume..
so how do we decide that which condition has higher probability? or should we wait to break those levels & then decide?
thanks

Both possible but considering that the correction is just started, I would give more probability to breakdown and some more downmove.

Smart_trade

 

[Smart_trade]

Both possible but considering that the correction is just started, I would give more probability to breakdown and some more downmove.

Smart_trade

Market's attempt to remain above 8730-50 and go higher failed repeatedly which means that it needs to correct and consolidate further after which possibly it will mount another attack on 8750 and higher.But that we will think about how to handle after the correction gets over.

Another factor to consider is it is not recovering from the low today so our focus should be on how to capitalise on this downmove .

ST

 

[XRAY27]

Nifty Kissed weekly NPOC 8595 ..good move so far !!! ...

 

[niftytaurus]

Both possible but considering that the correction is just started, I would give more probability to breakdown and some more downmove.

Smart_trade

Thanks for reply
how to handle that in intraday trading 5 min chart
We get out from morning shorts when minor gets in sideways..then we wait..
so When & in What condition we reenter? & on which pivot/candel should we reenter for further downmove for Intraday trades?
I can see 3 places from my little knowledge..but dont know which one would be right
a) as soon as it makes Lower VPH & Then BREAKS a lower PH
B) as It makes a lower channel & short as soon as it touches upper line of channel & fails
c) as it breaks 11:40 low
thanks

 

[Smart_trade]

Thanks for reply
how to handle that in intraday trading 5 min chart
We get out from morning shorts when minor gets in sideways..then we wait..
so When & in What condition we reenter? & on which pivot/candel should we reenter for further downmove for Intraday trades?
I can see 3 places from my little knowledge..but dont know which one would be right
a) as soon as it makes Lower VPH & Then BREAKS a lower PH
B) as It makes a lower channel & short as soon as it touches upper line of channel & fails
c) as it breaks 11:40 low
thanks

The moment we see that lower visual PH is done and the downmove resumes, then a mpl breaks is level to short again.

ST

 

[niftygupshup]

LOD 8590,
just 5 points short for 8585
will it do 8555 tomorrow

but tomorrow may (?) be a new day