NIFTY :
Stunning pullback on Monday and Tuesday. Tuesday Candlestick has put zipper on the faces of bears. Many dead cat bounce definitions are going for toss.
Current Spot : 5688
Including Nifty and many oversold stocks , last couple of days movement has engulfed many bearish signals.
Weekly Charts : MACD near 00 line and a 'last' bull attack to save the free fall has appeared. 2 days of trading and we are up about 200 points. If weekly candlesticks are taken under consideration , they are in formation of a terrific comeback if prices don't fall for next 3 days.Weekly Charts Summarizes : Bulls are in full force to suppress bears.
Daily Charts : Here are interesting things.
Below Chart is a simple base through which my trade setups will spread.
Blue Line is broken to upside.
Green Line is respected. Will prices take a U turn from green line ? or the upper green line is the next Target ??
Among all 3 trend-lines/channels , the Blue line is the Strongest and in play pertaining to simple rules of trend-lines.
It is broken to upside and a close above it.
But wait , where are the terrific volumes needed for a valid breakout ?Will they appear today with zoom breakout of the green channel ?
But as of Tuesday eod , the average volumes puts the upside breakout in doubt.
As most pro traders know 80 percent of breakouts are failures , let's wait with the ax when prices start to dip.
I have no trade plans on Long side. I will wait till prices don't fall back into the blue line. Till then let it fly till all idiots dump their trashing short positions.
Stay position-less , Stay with cash and Wait , wait and .....
SHORT below 5650 for Glorious bear days to resume.
SS
Stunning pullback on Monday and Tuesday. Tuesday Candlestick has put zipper on the faces of bears. Many dead cat bounce definitions are going for toss.
Current Spot : 5688
Including Nifty and many oversold stocks , last couple of days movement has engulfed many bearish signals.
Weekly Charts : MACD near 00 line and a 'last' bull attack to save the free fall has appeared. 2 days of trading and we are up about 200 points. If weekly candlesticks are taken under consideration , they are in formation of a terrific comeback if prices don't fall for next 3 days.Weekly Charts Summarizes : Bulls are in full force to suppress bears.
Daily Charts : Here are interesting things.
Below Chart is a simple base through which my trade setups will spread.
Blue Line is broken to upside.
Green Line is respected. Will prices take a U turn from green line ? or the upper green line is the next Target ??
Among all 3 trend-lines/channels , the Blue line is the Strongest and in play pertaining to simple rules of trend-lines.
It is broken to upside and a close above it.
But wait , where are the terrific volumes needed for a valid breakout ?Will they appear today with zoom breakout of the green channel ?
But as of Tuesday eod , the average volumes puts the upside breakout in doubt.
As most pro traders know 80 percent of breakouts are failures , let's wait with the ax when prices start to dip.
I have no trade plans on Long side. I will wait till prices don't fall back into the blue line. Till then let it fly till all idiots dump their trashing short positions.
Stay position-less , Stay with cash and Wait , wait and .....
SHORT below 5650 for Glorious bear days to resume.
SS
blue line, red line chhodo bhai.
ReplyDeleteMarket ne aapko badi slap di kal. mai to pahle se hi bol raha tha ki aapke analysis me gadbad hai. I was safe yesterday I didnt listen to your barking yesteday.
Yes yesterday was bad. I welcome it open armzz.
ReplyDeleteI am no God to beat Nifty all times , sometime its her day :)
The whole idea is too KEEP LOSSES SHORT
market time pas kar rahi hai aur upar bhi nahi ja rhi hai so I m buying nifty puts for good profit.
ReplyDeletesahi hai naa bhai?