Probably this post for Nifty is the most delayed chart I ever posted as its usually around 9 am for Me, to post it out ! Just held up with few other things...Back to analysis !
We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves already happened & its over, so there is no use in that. So Let;s concentrate on what's next for Next few sessions.
We have two zone's marked up & on hitting both zone's ( 9780's & 9820's ) We are looking for shorts in Nifty. It's something an individual trader needs to decide to choose which zone to short for based on his/her trading strategy what we have predicted above is reversal zone's which can hold or at times may not. Based on your trade style your stop zone also varies the most vital thingy, so consult your trade plan & check your risk & see whether it allows you to take this trade. Now I will address your big query, Whats this affection towards If's/But's/Maybe's in trading ??? Don't it look like a cat on wall ?!
Yes ! They are scary conjunctions & auxiliary verb's in Trading ! In an Analysis or Prediction these are allowed, perfectly fine but check again how crystal clear we are on our trade style, we are looking for shorts only in Nifty but the ways we predict the movement in Nifty are with those grammatical's.
An Analysis/Prediction is completely different from Trading. It helps your trading / gives you direction but Not the Right to Trade !
InsiderB
We said ranging Nifty for few days within 9960's to 9700's & yes that theory holds well & good till Now. I was keen on showing a Gartley for you but it will be post-mortem, bcos the moves already happened & its over, so there is no use in that. So Let;s concentrate on what's next for Next few sessions.
We have two zone's marked up & on hitting both zone's ( 9780's & 9820's ) We are looking for shorts in Nifty. It's something an individual trader needs to decide to choose which zone to short for based on his/her trading strategy what we have predicted above is reversal zone's which can hold or at times may not. Based on your trade style your stop zone also varies the most vital thingy, so consult your trade plan & check your risk & see whether it allows you to take this trade. Now I will address your big query, Whats this affection towards If's/But's/Maybe's in trading ??? Don't it look like a cat on wall ?!
Yes ! They are scary conjunctions & auxiliary verb's in Trading ! In an Analysis or Prediction these are allowed, perfectly fine but check again how crystal clear we are on our trade style, we are looking for shorts only in Nifty but the ways we predict the movement in Nifty are with those grammatical's.
An Analysis/Prediction is completely different from Trading. It helps your trading / gives you direction but Not the Right to Trade !
InsiderB
