Tom de mark sequential monitor for nifty50 stocks

[travi]

So, basically, more downside expected ? Unless a strong event changes it (?budget?)

after flip last month, risk reward for longs was very poor.
So we just trail the bull flip levels for NS and BN. (long flips 21571 and 46064)

In personal capacity, not to do with system, i was adding long PE, which were in quite a bit of draw down. BN didnt do much damaged since 48K level and divergence with nifty, but net net todays drop makes all good.

 

[aaru]

Nifty is surprisingly resilient than bn ( wonder if something s amiss )..
For a change it feels like trading is easy

 

[travi]

Nifty is surprisingly resilient than bn ( wonder if something s amiss )..
For a change it feels like trading is easy

sector pressure often comes, like last year when banks were stronger than IT.

 

[aaru]

N and bn on same counts ? Looks like since down move started same day

 

[travi]

N and bn on same counts ? Looks like since down move started same day

yes, currently bar #8 in sell setup

 

[aaru]

So as per this theory only bn is competing for ninth right.. also it has only today to do that ?

 

[travi]

So as per this theory only bn is competing for ninth right.. also it has only today to do that ?

Nifty flipped bull yest, but BN curently is trading above 45015. Close below that will be complete 9 else not.

 

[travi]

I've never tried using TD Seq on US stocks, its usually the indices, but i'm applying Seq to Nvidia (NVDA) which to me has now over hyped the AI bubble. Calling it bubble bcos its like the dot-com era. Whether it truly is, i dont know.

So surprisingly, today showing quite a red day in US, NVDA cmp $729 which is 3% recovery from DL.
if NVDA closes above 722 today, it completes TD Seq Sell. Would love to see this one playout. SL would be $780 if anyone cared.

 

[travi]

NVDA closses at 721.28 vs the required 721.85 which i wrote as 722
CD13 didn't print, but US indices have all got bear flip now.

 

[PreSap]

Nifty did bull flip today?