Tom de mark sequential monitor for nifty50 stocks

travi

Well-Known Member
After all major events which i thought would be drivers, its time to review and possibly book.
Bajfin had stellar move close to 10%. TCS smaller return and ril/pidi didnt really move either side.
Pidi left in holdings but overall inspite of crazy volatility better to book.

BN 41500 is flip level and due to little weakness next move not clear. so wait and watch on sidelines till trend is clear.
so mkt tried to go above 41500 but a day later moved lower and yest BN had a bear flip.
Today mkt continued short-term bear trend for TD setup bar #2. Keep SL of 41130

NS had bear flip today so trade is in that direction with flip levels to watch for around 17950/18000
 

travi

Well-Known Member
so mkt tried to go above 41500 but a day later moved lower and yest BN had a bear flip.
Today mkt continued short-term bear trend for TD setup bar #2. Keep SL of 41130

NS had bear flip today so trade is in that direction with flip levels to watch for around 17950/18000
Booked larger chunk of short BN at 40K, it was quite a fast downmove.
In such phase support/resistance dont necessarily work.
 

travi

Well-Known Member
Booked larger chunk of short BN at 40K, it was quite a fast downmove.
In such phase support/resistance dont necessarily work.
Wait and watch continues, felt good to exit larger part as posted above. Todays rally was very strong.
again need to wait for NS/BN flip which can potentially be tomorrow.
 

travi

Well-Known Member
Today NS recorded bear flip, so short SL is 21230

BN has not flipped yet but SL level would be in range of 48K-48100. tomo flip is 46841 and day after is 47262 wheareas ltp is 47070

(Un)surprisingly, other indices like midcap, smallcap also have similar patterns.
 
Today NS recorded bear flip, so short SL is 21230

BN has not flipped yet but SL level would be in range of 48K-48100. tomo flip is 46841 and day after is 47262 wheareas ltp is 47070

(Un)surprisingly, other indices like midcap, smallcap also have similar patterns.
Thanks a lot, @travi . This thread is in my watchlist, but do keep us updated about BN.
 

travi

Well-Known Member
Too strong a momentum to die down suddenly..? Till atleast around 49k and thn turn
Let's see
This is now TD works :DD
you cant mix discretion/gut with a particular system. There is SL. Few times i've seen SL hit and then it turns so unless that happens cant speculate.
 

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