Well that's the beauty of market ,
Today NS was not able to break 8141 and after the initial hiccups it staged a beautiful rally . The rally was accompanied by volumes too . Though NS rallied still i am confused on the state of market . Attaching today's intra-chart 5 minutes and the same the self explanatory .Look at the RSI and the rise of the last hour looks more like a rising wedge .
For Monday - - If u can risk then short brutally at the open with SL of 8320 - - This trade is only for that players who wish to play intraday lest we break 8180 NS now no shorts can be thought of.
Currently In my opinion i am seeing the last bear god sucked today and i am expecting a good retracement very soon .
On the personal front I have brutally shorted NS at EOD and will add more if we open gap up . At present the Risk Reward Favors the shorts.
Have a Great Day .
Today NS was not able to break 8141 and after the initial hiccups it staged a beautiful rally . The rally was accompanied by volumes too . Though NS rallied still i am confused on the state of market . Attaching today's intra-chart 5 minutes and the same the self explanatory .Look at the RSI and the rise of the last hour looks more like a rising wedge .
For Monday - - If u can risk then short brutally at the open with SL of 8320 - - This trade is only for that players who wish to play intraday lest we break 8180 NS now no shorts can be thought of.
Currently In my opinion i am seeing the last bear god sucked today and i am expecting a good retracement very soon .
On the personal front I have brutally shorted NS at EOD and will add more if we open gap up . At present the Risk Reward Favors the shorts.
Have a Great Day .
No comments:
Post a Comment