BEAR VIEW:-On the other hand, if it fails to hold 2695 - 2725 area,may weaken upto 2630-2640 area and failing to hold 2630 may lead to severe falls...
Technically, market has clawed back above 5 day ema(2705)..That is a plus and that should be protected for uptrend to continue..
6 comments:
Hello sir,
could you plz guide me about how to trade gap up/down.
Regards
shivangi
Dear Sir,
Please can you let me know how to calculate the 5 ema as shown in above charts.
Best Regards
Vipin
Dear Vipin,
Send me your email ID, I will send you the excel format.
Regards
Dear Sir,
vipin911@hotmail.com
thanks alot.
Vipin
Hi Shivangi,
When Nifty is in downtrend (Daily), use the gap ups(Due to world mkts cues) to initiate shorts keeping the "15 Minute Opening range Breakout(OBR)" method.(Refer my earlier post on this method)
Similarly, when Nifty is in uptrend, use the gap down to initiate a long trade applying the 15 minute OBR.
Ultimately Nifty's technicals will prevail no matter what happens around..
It is very difficult to expect when the gap ups & downs happen..
Nifty Predictor with his astrological study has been able to do that with some amazing accuracy. I strongly advise you to take his views into consideration along with your study.
Thanks a lot sir
Regards,
shivangi
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