VERDICT appearance of MARUBOZU after a fall indicated reversal. If NIFTY sustains above 10769, then it will again attempt to cross 10800 level.
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i have a done today a postional short on nifty @10730 September Future any advice
akc_trading
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@AaronFinchh, Hi..! I am doing in-depth analysis based on some data I observed today. Give me time till Sunday, I will surely give you my opinion with proper reasoning and analysis.
Thanx for posting your query.
CoolTrader7890
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@sassy_ankit, thanx mate
akc_trading
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@AaronFinchh, As of now, index movement is indecisive. Strong parameters indicating sideways where as weak parameters indicating fall is expect. In both cases, your investment will be safe.
My final verdict will be for you is, since you have shorted just above the strong resistance level of 10720, you will be good. Just wait and watch till tuesday and see what index is doing, falling or consolidating?
Even if index makes HIGH above 10800 dont get scared. It should close 10800+ consistently for 2 days to indicate this level is broken. Since market is very volatile due to DOLLAR + TRADE WAR, things are uncertain, consider this. I will again revert back once I have a clear picture with valid reasoning. For now hold with your trade. (PS: I just want to confirm if market can see 10450 level or not. )
CoolTrader7890
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@sassy_ankit, thanx buddy for the reply has sgx nifty his mild neagtive and brent oil is upward i think in first week july we can see can i trend mate to neagative ya bro will hold and see....