pankajvw
Short

Fri 22 Dec 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
Hi All,

Medium Term trend is now down - something which I was expecting from 19th onwards, started from 20th and is now confirmed.

When will it end? 2nd January 2018, and new year will bring a fresh new up-trend!

MT traders can remain short till then with stop-loss at 20th Dec high.

Yesterday, I said, first 5 minutes will decide the trend for the whole day. And Nifty             was at its lowest point just before closing!

This short term downtrend will end somewhere in the second half, so hold patiently. This is a bit slow with too much of zig-zag , keeping TAs confused.


Comment: TSL for the day is 10510, first one and half hour would be up.
Comment: One can short at 10:50, if not already.
Comment: Holding short position with patience, it will surely come down.
Comment: Had mentioned 10:50, and one can see on the chart, neither Nifty nor BankNifty dared to crooss the level at 10:50 around! Now they both are going dowm! When will it end, only on Tuesday. Monday is a holiday....merryy X'mas to all!
Comment: Now the big question....to carry forward or not given 3 days break. If you have deep in money option or futures, carry forward. Otherwise exit before market closes. Its quite possible market will gap down on Tuesday. But erosion in premium will have its own effect.
Comment: Starting 26th Dec, we will start trading intraday waves! Will take only upto 2 trades per day....frequency won't be too high. Keep following and keep liking! Have a happy weekend and very happy X'Mas!
Comment: false berakout by Nifty just before closing, ignore it.
Friday afternoon selloff starting it seems ...
Reply
pankajvw yndesai
@yndesai, yes. :)
Reply
Good morning. All the best for the day !!!!!!!!!!!
Reply
pankajvw ShanTrader
@ShanTrader, thanks! :)
Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out