At 2.55PM: Hour TA and daily TA are pulling Nifty down. Watch for 4960 base.
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At 2.45PM: Nifty has built a good base here and moving up. A move past 5060 is a minimum requirement for the continuation of the uptrend that started from yesterday's low of 4920.
7 comments:
sir what is best for rest of the day and tomm?
Hi..Subrat,
Correctives are difficult to figure out.Break of 5010-5026 may give 30-40 points.
Hourly TA suggests weakness. We should respect and stay short with a SL @ 5070.Only an hourly close above 5050 will reverse to up now.
we broke to the upside....should we switch to longs right now or still wait??
Rishi,
The break out may give some points only. But a close above 5050 at 3.00PM or 5060 at 3.30PM will give confidence to initiate new longs here
ok, well, now that was huge false move on the upside...now what do we do??? hold onto shorts into tomorrow or longs???
Do u think we should carry any position today?
I am holding shorts as per the TA positions.
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