NIFTY OPTIDX Open Interest at 2 -> CLICK HERE
5th hour close above HEMA...short exited @ 5440...loss 8 points...total loss 2 points
Entered long @ 5440...
Sensex is not conforming new highs .. disconnect between nifty, sensex and BN
@niftyindiau r really very prompt and strict follower of sl.admirable!
In this series, Nifty has been going "UP" for the 1st 3 days of the week and correcting the remaining 2 days of the week.On a holiday filled week, it is "UP" in the 1st 2 days and down the next 2.Current week with a holiday is enjoying the 2nd "UP" day.In the last week, though Nifty made new highs everyday, the closing was lower on last two days.
@DR Sir,Please SBI ko Revital or Glucon -D pilayiye,To BN Rocketttttttt
But difference is that in last week it was trading below 5390..and in current week it has crossed 5390...so now pattern will not applicable...
Current long trade will exit @ 5437 spot....CAM h3 level...or nearer..
after a sustained move on breakout RIL is in a mood of consolidation and forming a falling wedge which has probable bullish undertone (if market conditions favour)
bn.. mai chali mai chali, pichche pichche jahan...
Ilango ji,If today also we close around in the upper range, then uptrend remain intacts. The uptrend would strt faltering when we see weakness in the weekly and mnthly chrts, but the weakness would first be seen in hourly and then daily and then transfer to weekly; so taking short position should be avoided unless we see a good weekly support break correct ?
@Waquar, I think for the weakness of hour and daily to be transferred to weekly and monthly, first weekly and monthly shall be in overbought state.
Medical checkup in Nifty is due, perhaps we have to keep our other coat ready..
Roller coster ride :)
Booked long @ 5450...profit 10 points..total profit 8 points
@Nifty Rider, probably your stop loss got triggerred again for the long side. :D
This is like last time upper trend @5630,Given intraday correction and trending up.
Yes indeed Kiran, and his stop loss will get trigeered for the third time once he chooses to short again. :D
NF shorted @ 5436...reason...closing below HEMA...
little aggressive....sl...high..that is 20 points....5455
@ Waquar,Hour being short term will have many "weakening moments" within the larger uptrend.But such weakening moments will get "serious" or "DOWN" only when exhaustion or divergence or topping patterns are visible in the larger time frame.
NIFTY OPTIDX Open Interest at 3 -> CLICK HERE
DR sirkya hua tera wada?
Got it ilango ji :)
@pankaji m still long(5032) look for short at appropriate time.itni uchchal kud jaayaz hai nifty mai
@Ilango Sir - Then can we take(maybe assume!) Tomorrow and friday to be down days and then First three days next week to be up again?(AND then plan our trade!?) Just an assumption..
Nifty spot...5410 imp
cooldentI failed to book profit,on BNF chart it resisted @ trend line
5410...last 2 hour low not breaking decisively..and time left 15 minutes only..short covering in 7 points @ 5428...total profit intrady 15 points....
Prithvi...JNSAR up...but still NIFTY..fallen ..how??
@ Bharat S. Kumar ,If the close is below "5407", it is a precursor to "Weakness".
5 waves down from 5432 completed.
tomorrow minimum 100 point rally day for sure.be long.
shukla jion what basis?
No Pankaj Shukla, its slow rise, only 30 to 35 points a day.
@shuklaji,Bade Majakiya ho aap to
@NiftyIndia,JNSar Still Up.But it is retreace / time /price correction.
It is normal correction, not a down trend confirmation.
Shuklaji,Bahot dino ke baad aap JN blog me aa gaye.
@ PankajSir I need your help to change my display name, tried in edit profile, but unable to locate exact place where to change display name
llango guru ji, dandwat pranam . you are great.always bless me.
@Hari_Hyderabad, go directly to this URL: http://www.blogger.com/edit-profile.g and change the name here. Thx!
Me to changing my name from Pankaj to Pankaj Indian
@ Pankaj IndianDoneThanks !
Halo everyone....I just love this blog