Trade Summery of 02nd AUG 2017. OPEN = HIGH = 10136.3, (Below mentioned Strong level at 10141) Made LOW @ 10054.20, Mentioned PCL: @ 10052. Also Notice day candle. Show in Diagram #1 "Bear candle with Long Body". #2. LOW Middle of the BODY, (Candle formed on 31st July)
What's NEXT for 03rd Aug 2017 ? after today's trade, Candle pattern formed "Bearish ENGULFING" There are two possibilities. #1 Either another Bear candle with 40 - 50 + point body, or #2. Long legged Doji / Bullish Pin.
ONE THING IMPORTANT, NIFTY NORMAL CLOSING WAS at 10058.2 not 10081.50 (i.e Settlement) Indicates Bear controlled market (in last 15 - 20 mins) , Also NIFTY FUT Last Trade @ 10081, so in normal Market No Premium diminishes.
Trade Setup for FnO Traders on 03rd Aug 2017:
LONG if Stay Above @ 10094 for 15 Min / Crossed @ 10103.
does one play for 12 points-23 points? if the range is 40-50 points and if one can take 23 points that will be good. Dont you think tomorrow one can venture selling NF at 10100 which would easily ensure 20-30 points
DSKF16
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@Parasuram, sir, I mentioned 40-50 point Candle BODY, Not range. Range 69 to 78 point even extended to 110+ point also.
LIkE today's Candle Body is 56.30 point But range is 80+ point.