Oh! It's again!. Aagain the day was as expected. I said 3400 resistance ...see nifty spot high
was 3401.. and nifty never seen that figure again...and important point is that at opening there was enough time to get short at highest level......Ans I said support @ 3305....see it turned @ 3307...and though there was new low by nifty future in second session..but spot didn't broken 3305...Those who followed me must have got the entire fall on that day...and it was twice in a day...with same level....
was 3401.. and nifty never seen that figure again...and important point is that at opening there was enough time to get short at highest level......Ans I said support @ 3305....see it turned @ 3307...and though there was new low by nifty future in second session..but spot didn't broken 3305...Those who followed me must have got the entire fall on that day...and it was twice in a day...with same level....
So as I said nifty really turning @ this point..????.....yes doji there....but 3150/3250/3350 all these were big resistance and nifty crossed it forcefully....and the short covering/ intrarally we seen on thursday from 3307, I am not convinced for any negative diversion but this on psychological basis..technically seems turning for short time at least seems... on Thursday there was doji.....nifty has got channel line resistance...at the same time nifty is near 200dma...rsi (14) @ 75...so ]I think nifty will add few more points ...again one should think to go short @ 3400/3420 level..( Thinking that you might have covered all shorts
@ 3310 on THURSDAY...SO TODAY'S SHORT WILL BE FRESH).....
...Today resistance @ 3400/3420/3450...support @ 3340/3305/3285/3210. I think @ opening there will be strong picture....but find weakness @ those level and creat 50% short ..If again there is volatility like Thursday you may enter and renter...For positional short..??? wait for another day I think...cause ..we will not cross 200dma,...or trading above that level will be for short period.....but chances of going around that level are there...let's wait For that .....
@ 3310 on THURSDAY...SO TODAY'S SHORT WILL BE FRESH).....
...Today resistance @ 3400/3420/3450...support @ 3340/3305/3285/3210. I think @ opening there will be strong picture....but find weakness @ those level and creat 50% short ..If again there is volatility like Thursday you may enter and renter...For positional short..??? wait for another day I think...cause ..we will not cross 200dma,...or trading above that level will be for short period.....but chances of going around that level are there...let's wait For that .....
Yes, trying to give new look to blog......suggessions are welcome there is shout box I have taken on this blog..this is new service for you....you can discuss with me there...and of course expecting good responce for opinion poll......expecting your comments on above trading strategy also.....good luck!
