Trade Setup : 5th Nov

NIFTY :

Daily charts say it all ,downside we are filled with lots of supports.
Least resistance path for Nifty is UPSIDE.
The range 5630-5730 should break now , if not tomorrow or day after ,I am looking for it to be breached in style by end of this week.

Note : MACD crossover if takes place this time , don't fall behind by NOT longing it. Spot should shoot above 6000 this time in Nov Series , if we tend to move this way.

My first target stays as before 5850.
Its a BUY on opportunity markets at least by current stats how Nov series is panning out.

What if like Friday , we open a GAP UP ?
Risk Reward ratio is the factor you should always consider while initiating any trade.
On Friday , if you note : I did not Long nifty after open . Why ?
No prizes for guessing , risk reward ratio was not fair enough, why not rather pick some hot shot Nifty stock and watch how its trending. My finest pick on Friday was INFY.

And tomorrow as Well ,

Lets keep a STOCK Trade homework intact :

INFOSYS :

I want to LONG INFY .

Who wants to miss daily MACD crossovers , or daily EMA crossover or the GAP that has to filled yet on the upside.

The chart is self explanatory.

I am eyeing LONG opportunities in INFOSYS.

Blog will quote LIVE TRADES from tomorrow as soon as I initiate mine.
See you all tomorrow.

P.S. : 9:15am - 9:45am : I don't consider markets worthy of trading.
                          Only amateurs/gamblers initiate fresh trade during this opening first half an hour.
                           I wait till market settles down and provides me data.
                           The data forms the base of my trades.
                           Expect me going live post 10 am.

Good Luck All.
SS