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 ? ;)
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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...
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Lol... what's that pre-market session, Down by 130 points ?? :) if Market opens there, will come up with another setup !
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I don't have any setups for Nifty right now, so staying away !
Insider B this looks like an Island reversal to me just check
InsiderB
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Absolutely..but depends on 2mrw open & initial session
Manish_Kumar1
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Ye ABCD to gayaa.What is next Insider B ?
DebuRoy
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I CANT FIND ANY TREND IN NIFTY.STAY IDLE?
InsiderB
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Yes, don't take any positions..probably ranging day with moves at end of day [Almost holiday for Us] . Please check your capslock, thanks :)
DebuRoy
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thanks for your prompt reply.if you dont mind alert about bull/bear.
InsiderB
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Sure..its complete range, so better to stay away n protect our capitals. I don't have any position today !
DebuRoy
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if you kindly tell me about ibreal.2day i bought it @84.90.is it right or wrong.if you hve the time.
InsiderB
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it needs to close above 84 to move up, if it breaks & closes below 82 on hourly, will fall another 4 points...its my view, You have the power to decide right or wrong, so I can't decide :)
DebuRoy
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ha ha if i have the power then why i am taking tution to a master.(though it is without remuneration)sorry to disturb you.excuse me