NSE:NIFTY Trap is created in nity for bears to enter in current phase of nifty. See a pink color upper zone where price has reached to lower end of this zone. A reentry point has been created by bulls in white support line where they will test the demand to take price up from pink upper zone in coming days. A white structure move shown in fig is the pattren that will be created. I am expecting two leg move in up direction. Entry point for long is shown in fig. perhaps monday onwards for time being nifty is going to range bound for day or two. With trend pullback is expected that will trap all bears so no positional trades till price come to lower green trend channel line. In range bound trades one should be skilled enough to trade either sides with small pr booking. nity is in phase of re- accumulation after traping bears soon will convert into re-distrubution phase. so I do not expect nity can take out upper band of green channel in future. keep in mind the structure in white for next week. Rest market will decide. yogesh vats
Comment
⋅
With the feed back in comment box, I feel that today I wrote all description in very typical technical language hoping all would know the language of stock market. I apologize for that. I do admit using those words which many of you are not familiar with. In my previous posts I tried to keep in low profile that is why understood by everyone. OK let's make the explanation simple. See trap of bears which is not visible in chart till yet. Since I manifest the move PRIOR it happens in coming days with the help of concepts I used in technical words. So I find if buy line shown in fig remains intact then white structure shown in fig will be followed.. The bears who take price to buying level will be traped because price will move to upper band of red zone. In this context I said bear will be trapped in next week. On the contrary if buy line is taken out then structure which I feel will work, can change to down side. Traping bulls. Trading is the game of changing sentiments with price so one should know the psychological points where structure can change. So that trade can also change his/her mind set.
It seems trap has laid for bulls ! Nifty has run ferociously last week to catch up global markets by month end ! All global markets are perfectly trading at 81 percent from highs ! Nifty was no where close before the week. Now it has filled the gap ! Now all seems run in rhythm in may again ! The crash !!!
yvatsji
⋅
@Sai23, Dear sai, in my post I never talked about bull trap its bear trap will be seen in next week. You did not read my fig and explanation carefully. To clearly show the pic of nifty I updated same idea twice. Gap down open is bull trap for you not for my analysis. What institutions want to show you are watching same. But hind sight has not been manifested by you. That is what institutions want. To trap retailers. Pl read carefully and posted trade for next day in another post see thus also. Then you perception will change.
SpidyWebz
⋅
Boss, Good explanation, appreciated.
what if Monday market open as GAP down ?
yvatsji
⋅
@SpidyWebz, see if gap down then see the. White color buying line at this point market downfall stall or this line is taken out if taken out then search for selling setup. If not taken out then buy set up should be searchrd.
My comments are not to inhibit your way of working in any manner! Perhaps I was getting selfish in trying to extract the maximum from your learning and experience.
yvatsji
⋅
@sanketsudan, sir, my approach is to enlighten the lives of struggling traders with this sacred knowledge without any cost. That is why I am imparting my personal studies free. Keep learning all quest will be answered.
prernadugar
⋅
Sgx carnage indicates that we open near the re entry point. In case prices open below the lower green channel, what should be the strategy ? Wait for a close inside the channel or close above the re entry point ?
yvatsji
⋅
@prernadugar, very nice to hear this from you. At least some part of this unique language you understand. See if re entry for long is breached and channel lower end is taken out difference between breached and taken out. Price break channel and do not recover in 30 mins then it is taken out gernally. On the contrary recovers in same time is breached. So if taken out then find sell setup if not then buy setup.