DEAR ALL
Today is also a confusing opening as i written in my yesterday article that the nifty first 1hr candle opens in GREEN and Banknifty first 1hr candle opens in RED.
As usual nifty shows a FALSE uptrend and the third one hour candle could not breach the consolidation line 17419.62 (feb contract) the next one hour candle is a bearish candle, according to our rule the buying entry should not be taken after the Red candle. Therefore the buying entry avoided. The uptrend closed with the high of the fourth one hour candle (17424.75) and also the selling trade also not triggered
Therefore no safe entry today
Tomorrow is the budget day it is advisable not to trade
Haopy trading
M.Ramesh
Today is also a confusing opening as i written in my yesterday article that the nifty first 1hr candle opens in GREEN and Banknifty first 1hr candle opens in RED.
As usual nifty shows a FALSE uptrend and the third one hour candle could not breach the consolidation line 17419.62 (feb contract) the next one hour candle is a bearish candle, according to our rule the buying entry should not be taken after the Red candle. Therefore the buying entry avoided. The uptrend closed with the high of the fourth one hour candle (17424.75) and also the selling trade also not triggered
Therefore no safe entry today
Tomorrow is the budget day it is advisable not to trade
Haopy trading
M.Ramesh