KumarAbhilash
Long

nifty - at trendline resistance

NSE:NIFTY   Nifty 50 Index
234 4 11
probablity of breaking this trendline upward is very high. go long if it breaks for 10340/ 10400
Comment: after yesterday knee jerk reaction on global news nifty resumed its uptrend with a bang and broke falling trendline at opening.
close to targets
Comment:
10352/10400 hurdles
Comment: in best case it should take resistance at 10470
keep sl increasing for long
positional trailing sl 10209
day trader sl 10280
Comment: resistance at 10440 . cmp 10420
Trade closed: target reached
at 24791 dsz starts extending upto 25226...again can take a short as a PA entry..let us see and play the game...you are wonderful
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how xactly you have worked out Bajaj finance...I love it..
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we have a dsz at 10390 and do not know at what stage we would turn as the sz extends till 10530. One has to be cautious as the market may turn at any point of time at the drop of hat like it did yesterday. With crude going down, most of the sector gets benefited expect the common man whose tax burden goes on increasing..no drop in petrol prices...
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@Gururajr, honestly speaking why market fell yesterday i came to know today. being a chartician i wil say avoid news fundamental factors . just look at chart .

yesterday trend broke at 10229 and it gave 100 point in intraday
and today it opened gap up and above trend line . any trade taken there gave again 100+ point in intraday.

200 point in 2 days . what else do we need . let trade war happen . let crude fall . let anything happen . just focus on chart. more data and analysis leads to absolute paralysis when u come to trading world( its my personal opinion and i can be wrong completly)
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