Hunt with tRex - Nifty trade setup for intraday SEP 06 2017

Nifty 50 IndexNSE

Description

⋅ Sep 6, 2017 3:34 AM

Nifty has a resistance at 9970-9980 zone.
And a trendline support as seen in the chart.

We will take our trading decisions based on the price action which will unwind in sometime.

Keep watching this space for more updates on targets and SL

Comment

⋅ Sep 6, 2017 4:04 AM

Short trade active

Target: 9850
SL: 9925

Comment

⋅ Sep 6, 2017 6:15 AM

Bulls trying to take NIFTY above the trendline once again. Lets see what happens next!

Comment

⋅ Sep 6, 2017 7:04 AM

Nifty made a high of 9922 so far. Very close to our SL.
Still unable to re-enter the trendline. I hope I get my lunch today :'(

Trade closed: stop reached

⋅ Sep 6, 2017 7:48 AM

After a lot of struggle to re enter the trend line finally SL hit

Comments

Parasuram

⋅ Sep 6, 2017 4:03 AM

Hello Hunter ! Is the trade on?

k314

⋅ Sep 6, 2017 6:21 AM

@Parasuram, Its active sir.
Hunter by chance and not by choice :'( Hunting for food and not for sport.

Eatsleeprepeat

⋅ Sep 6, 2017 7:05 AM

@trex88, @Parasuram ha ha. soon come back from lunch. Need to watch big move

k314

⋅ Sep 6, 2017 7:07 AM

@rrajkumar86, I dont want to be hungry for today... :'( Lets hope my SL is not hit

Parasuram

⋅ Sep 6, 2017 7:09 AM

@rrajkumar86, oh Rajkumar is betting on upside... I might also go long above 9925. Nifty gapped down, leave alone breaking the first hour range on the downside.. Nifty Futures is not able to break the first 5 minutes low... We will have to go alternative counts I suppose...

Eatsleeprepeat

⋅ Sep 6, 2017 7:10 AM

@Parasuram, Actual long triggered at 9915 further 9932-9940 zone give some resistance