Nifty touched our buy levels @ the open 4980-5010..Low is 5011 and in NF 4996. If you have bought, a confirmation of an intra rally will be a move past 5037NF.
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Dr.Saurabh wants to know how to find the "ORB":-
When Nifty opens gap down or up, and there is a possibility of a reversal, then "note down" the correct high & lows of the first 15 minutes(9.55AM to 10.10AM, it could be extended a bit too or reduced too..) and trade the break out direction.
For today: our buy level happens to be the low of the ORB and the confirmation was the breaking past 5037 in NF.(Future had a freak low quote and spot had wrong high quote.)
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Elliot's Impulse waves.(Part-5)
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2 comments:
sir i buy at 5010 till what target i shall hold?
Hi..Subrat,
One round of profit booking @ 5055-5065.
If 5030NS holds in this correction, higher levels are possible..
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