General Trading Chat

[traderniftybull]

We can possibly see another 70 pts on NF

yes, we can
mine is for 10055 min
(may or may not intraday)

 

[marimuthu13]

******************

 

[Pradeep Narayan]

Looking at the way NS is behaving, next week can set the ground for 9700 or 10300. I would expect a pull-back before the swing up... let's see.

 

[headstrong007]

After doji change of direction also come, I am just expecting big days soon...any side...
pretty bored of pathetic ranges in last few days...

Depend on upside or downside...

Good one-way trending day as expected.
Most people thought they can get easy money today by shorting @ opening bcoz of prev day bad GDP data release. But market usually does the opposite when most people think there is an easy trade.

Sometimes just finding the possibility of a one-way trending day is enough, ORB trade with trailing stop loss is enough to get big profit. Too much thinking about the direction makes thing complicated.

When tech analysis(short term bullish) and economic data(GDP was bearish) give opposite signal, we can't decide clearly...just finding the possibility of a big day and reacting to the market is enough for big profit...that's the difference between so called tech or fundamental analyst and pro traders...

 

[traderniftybull]

BNF
Will look for a gap up open on Monday
May be big
Around 24542

 

[headstrong007]

Big news...
Modi's $87 billion river-linking scheme set to take off as floods hit India.
http://timesofindia.indiatimes.com/...-as-floods-hit-india/articleshow/60319656.cms

But, $87 billion. It's very big amount required...

 

[traderniftybull]

DOW

Will DOW close around 22100 today.
LTP 22012

 

[jain.er]

Sabhi Muslim Mitron ko Bakra Eid ki Badhai....

Sent from my BLN-L22 using Tapatalk

 

[kingsmasher1]

Adaniports nice theoretical Symmetrical Triangle Breakout !! Still missed it..LOL

 

[syam7]

The greatest tragedy of the retail trader is in thinking that successful trading must be complicated with lots of indicators, algorithms etc.
Granted, if you are successful with so many indicators , good for you but a less stressful route is to grasp price action,support and resistance.Levels