Nifty : Fighting Bears like Spartan's !
Updated
Welcome Monday ! We are ready...
Today we have simple ABCD trade setup [potential] bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we get Bullish confirmation in the zone along with ABCD completion, But if Nifty crosses above C, this ABCD counter trade setup will become invalid, so we need to look for other opportunities. It's always a game of predictive analysis about Future, not the past wins !{ Note : We haven't got much losers in Nifty for past few weeks, so if some losses come along the way, Be Bold }
So if Nifty Bears comes into our zone & gives bullish confirmation, Stand against those Bears Like Spartan's with Sharpened spear to pierce the chest of Bear's.
Looks like so much of violence, do I need to censor ? ;)
Today we have simple ABCD trade setup [potential] bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we get Bullish confirmation in the zone along with ABCD completion, But if Nifty crosses above C, this ABCD counter trade setup will become invalid, so we need to look for other opportunities. It's always a game of predictive analysis about Future, not the past wins !{ Note : We haven't got much losers in Nifty for past few weeks, so if some losses come along the way, Be Bold }
So if Nifty Bears comes into our zone & gives bullish confirmation, Stand against those Bears Like Spartan's with Sharpened spear to pierce the chest of Bear's.
Looks like so much of violence, do I need to censor ? ;)
Note
Let's have a polling about In-trend vs Counter-Trend ? Lets find out how many of you want to take trades along the trend & how many want to counter- the trend. If you believe,Trend is Friend - comment below as " Intrend " [If possible Reason too ]
Countering trend - comment below as " Counter Trend" [If possible Reason too ]
Lets get general idea of how we look @ markets...
Note
Lol... what's that pre-market session, Down by 130 points ?? :) if Market opens there, will come up with another setup !Note
I don't have any setups for Nifty right now, so staying away !
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