One could exit their longs @ 5055-5065 zone as that is a level from which the next down move can start. However, there is another possibility of retesting the recent highs & more too. Hence, the suggestion of trailing your longs. It is a tricky period. Trade...light..
21 comments:
Good morning all! Have a nice trading day!!
Today's range will be dictated by 5000 put and 5200 call. Range : 5020-5070.
Hai everyone
Nifty daily chart updated
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-daily-chart-analysis-before.html
thank you
Good Morning all!
morning friends,
sir, hope & wish you are doing better
gm all
Good Morning ALL
“Faith… must be enforced by reason…. When faith becomes blind it dies.” -Mahatma Gandhi
nice quote..ukr...
HI UKR
as usual a very apt and good one from you :)
thank you wormwood34 & mok. It is like postman job but with difference, I am also reading.
Hi u.k.Raj
A postman who reads letters??
:)
Good Morning Sir and Friends. My regrets for not sending the updated N50 file. Just got relieved and will make a summary if it is useful.
Sir - All WELL at my end.
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MR Jay - The "monkey" is self meaning I requested a clarification and did not keep silent. I don't think you are SO HANDSOME to be a monkey. Take it easy please.
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Anuj - the profile (carrot and stick) denotes what the market does to US.
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ukR : the "faithful"also ...
GM Illango sir and Blogmates
Sir how are feeling now?
get well soon sir
Sir i am not in the current conservative trade...can i take a short in this resistance area
regards
vikram
rm ji,
the difference is, i am reading. i hope they are not.!!!
i just changed my profile name to skmishra testing if it is showing pisreport or skmishra
@ yoda,
GM,
RM suggested the 1min tick as per your enquiry, that its available,
and, if we have 1min tick, we can always derive higher TF from that to any extend, and it cannot be done otherway round,
and, actually in the TraderTerminals, irrespective of the type, [if it is exectutable based] we should be able to download 1 min tick data,
in PIB also.
and, having 1 min tick does not force us to trade 1min TF, it can be any higher TF as we plan.
waiting to see your reports, since i think it would have all practical inputs and nuances in it as to suitability :)
@rm
"also" spoiled the soup.
GM Ilango sir ,i shorted here @ 5060 for the second scenario. Wht sud b my SL?
Thanks
@ Vikram,
Holding "5000" yesterday with a sharp fall in world mkts, rising sharply when US mkts were down again yesterday suggests of short term "Oversold" nature of our markets.
This rally that started from 4786 looks to be continuing.For the day above "5075" around 5085 may attract some selling. As long as 5030 holds, this should continue higher. Will update.
@mok,
How would I dl it from pib - any idea? This would save me from a technological nightmare this weekend.:)
Now, what is TF and TraderTerminals?
Some of this jargon is more alien than my alias. lol
NEW POST DONE.
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