manotrade28
Short

Nifty still in Bears' Grip? Lets analyse for 26th Aug

NSE:NIFTY   Nifty 50 Index
Consistently we are achieving our targets since my 1st post we will continue as well.
Nifty Up/down very confusing for many, Who follow my previous post they know what is the current market trend.
But as intraday trader we are focused to get safe 30/50 points everyday, we will let the market where ever it wants to go.

Trading on 26th Aug is little tricky, as multiple patterns contradicting each other, I have not put the harmonics in the chart frame this time, as it may confuse. I have put a price box and red arrows from where the market has high possibility to come down for a small bearish target of 30/50 points. So we will enter at correct time to capture those 30/50 points as a Counter trend entry, which i will post during market hours as according to the market behavior we have to react, Keeping in mind the reversal pattern formed on Friday, it has depth to touch 10980 mark and a short covering can push the market to 11015-30. Though this happens occasionally to give a one directional movement .

My view for Market will be little Bullish in the opening and bearish after 10.15 AM. If it matches our analysis we will enter otherwise wait and watch.

So for 26th Aug what should be the strategy for Intraday?
We will try to see a bearish structure in 5 min time frame, a lower low and lower close at the red arrows we will enter the market, And the target will be 30/50 points and trailing stop-loss.
Cheers!!
Comment: Market is opening with a big gap up of 171 points, So there could be a sharp up move or sharp down move, all analysis in this post can be ignored.
Comment: Now the same red box can be seed as support
Comment: short nifty now
Comment: sorted nifty @10892
Target 10855
SL 10920
Comment: Target Done!!
This is why my view in Nifty was bearish but overall view was Reversal bullish.
Now i understood why the chart pattern was showing conflicting view. Any how we got 37 point on nifty.
Cheers!!
Trade closed: target reached: Today Nifty came from higher price to lower price!!!!!
Comment: you can enter nifty for sorting now
Comment: target 10750
Comment: Entered @10815
1st target-10780
2nd 10740
Comment: Is anybody trading today or only i am trading and posting??
Comment: Only 4/5 messages i got?? Be confident while trading with me Guys!!
Then i will keep my view with me only. My targets are always safe targets as the market can go further up/down.
Comment: It should do a double bottom today
Comment: consider the arrows in the posts if you find any lower low in 5 mins chart
Comment: for the time being it is doing higher highs. so watch carefuly
Comment: Don't buy Nifty, just wait and watch!!!
Comment: As my analysis show bearishness in Nifty i will not buy Nifty, will only wait and watch.
Comment: we can buy nifty now for 30 points move
Comment: trail stop loss to 10950
Comment: trail to 10960
Comment: trail to 10970 Future price
Comment: trail to 10980
Comment: trail to 10985
Trade closed: target reached: hit target in the short bullish run
Comment: entered @10930 Future price
Exited @10985
Both sides our target hit.
Cheers!!!
Comment: Guys Anybody caught this Move?
Comment: Mine 20k Profit today.
Comment: Wait till 1.45 to 2 PM for any shorting opportunity, I will update
Comment: Guys only 9 likes is discouraging??
Comment: If you are in long position book your profit, Anyhow we can enter anytime later.
Comment: Did not get that Shorting opportunity again today, so we will see it tomorrow. Be prepared.
Comment: Today also both side target done.
Like coment and share with your friends, if in trading they are losing money. They can follow me and recover their hard earn money.
Cheers!!!
Awesome view
Reply
In my todays observance, i feei that ealy shorts would have given huge points profit.
What we presume to have failed is the U turn . We couldnt have noticed that, as we were busy booking profit in all dead couunters, whose technicals were not suggested by sir. By the time we could turn to NIFTY. it was late, as intraday margin play wouldn't have had opportunity, but option trade gave 25 points per lot. This is on behalf of our young Master.
Now of for now , Nifty only will be lucksmi
Reply
@Sarsans, Correctly said Sir, We could have entered when it was coming below the 1st top arrow, Because of the Positive new i decided to stay back till we have a high probable entry which must come to our target. So the idea is to never loose in intraday, As there is a Myth that 95% intraday traders loose, we should fall under the 5% traders who succeed.
We will always win if we control our greed. and a 100% consistent win in all trades we take.

Cheers Sir!!
Reply
annamess2011 manotrade28
@manotrade28, Sir really you have boosted my moral today. Have lost so much money in trading.
Thank you sir.
Reply
Dear bro
Booked my 11000 ce with 25 points.
As you said earlier, today not oneway trade
Reply
@Sarsans, Great Sir happy for your profit.
Reply
U r great,,sir,, pls be with us forever
Reply
manotrade28 Kaushik_85
@Kaushik_85, Sure
Reply
hi bro shorting chances?
Reply
@Mohan7002, For Conservative trading not yet, for aggressive you can short but little risk is there
Reply
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