Conservative :-
Shorts of 5140 Closed @ 4970(When spot moved below 4968)
Aggressive:-
Shorted below 5010 and covered below 4968NS (45 points)
Long @ 4970NF for a target of 5025-5050 SL 4967NF.
ORB recorded is 5012 - 4963..
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
-
I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
8 comments:
Hi Ilango,
Is there any chance of bounce back today? I am still long with 1lot of MNF at 4980.
I am expecting a bounce either from here or from 4935-4920 zone. Let us see. Inspite of + Asia, we are down and that shows how one should take advantage of world cues and play by our TA..
sir can i buy bank nifty,what is your take on that
thanks in advance
Hi..Satya,
We are awaiting a break of "4935" in Nifty to confirm a reversal. Till then, we trade.
Bank nifty is Oversold as other indices. If you go long, go long for a short time with TSL as Indices are trending down except IT.
OR wait for some bounces and sell.
ok sir iam long at 9100,expecting bounce till 9300 to cover and short.
any ideas are welcome.
Thank you
Hi..Satya,
I monitor "Bank Nifty" in the link below for TA "OB" and "OS". It may not be perfect but it helps.
http://www.nsetracker.blogspot.com/
From what I see, if it clears 9150, the next resistance will be 9180. Only above that strength..till then they are rallies to sell into..(various min. averages act as resistances now)
Hi Sir,
Can we say that 4965 was a support as also with last trading session..And nifty is supposed to bounce back in sync with asian markets..??
Yes, it looks like that presently..Only a trade above today's pivot @ 5011 will bring some momentum to the upside.
Post a Comment