Market Makers may not allow Nifty Correction
Updated
Nifty should have corrected few days back. But it appears that Market Makers may not allow Nifty correction.
Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.
Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.
Trade active
Shorted @10606 (futures price) for a strictly intraday trade.Trade closed: target reached
Closed @10570Note
Scalping strategy... small price movements with many lotsNote
Most technical indicators suggest a correction. But Daily and 4 hr Renko (ATR 14) are still green. Best to short after expiry.Note
New uptrend Renko brick starting on Daily chart.Note
So the renko analysis yesterday was accurate. Nifty has gone above yesterday's high.
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