If you check my posts in past 3 sessions, we have booked 117.5 points in Nifty and currently holding long from 10392 NS and this too is in green.
BankNifty has given a breakout above its falling wedge, and Nifty currently still is inside the rising wedge, but shall catch up.
Today SGX Nifty is slightly negative – down 19 points, but Nifty and BankNifty will start moving up again within first 10-15 minutes. Current bullish short wave might end only in the second half.
Just as a recap, markets are up till 5-6 Dec. And stop-loss is 10290 NS and for BN its 25590.
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One final upward push till 13:15 around, and this SW will end there.
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ST traders shall exit here at marginal profit of 6 points. Do not short. Nifty and BN in a sideways fashion will retrace this upmove since yesterday. Will go long again later.
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Though it started from 13:42 instead of 13:15, notice the sharp fall. Now it will end tomorrow only. MT traders cam carry forward.
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Please hit like if you appreciate consistently accurate analysis, thanks!
Hi,
can you pls tell me also about,
1. what tech analysis pattern you follow to find these signals
2. Any Charting tools you use.?
I'm doing trading for past 4 years and in huge loss. Want to learn and slowly recover. pls help me.
manotrades
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Do you hold on Futures or Options.? (I guess Nifty Spot can't be bought/sold) - If Options which Strike and Exp You are holding.?
Thanks for efforts of timely updates.
Would be more helpful for learners like me
1. what tech analysis pattern you follow to find these signals
2. Any Charting tools you use.?
pankajvw
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@manotrades, Thanks! I trade in deep in money options. But since option prices have premium component which decays with time, I don't want to track through option prices.
Will answer your other questions as a separate post.
can you pls tell me also about,
1. what tech analysis pattern you follow to find these signals
2. Any Charting tools you use.?
I'm doing trading for past 4 years and in huge loss. Want to learn and slowly recover. pls help me.