Feb 19, 2016

Cat on the Wall

NS just closed at 7210 . 

Looks like today at 7227 - - iv of major III completed and we have just started v of III .

Below 7170 NS would be confirmed .

At present since we have closed near 7210 . . Shorts remain as such .

Will review the SL on Monday during Trading hours .

Happy Weekend ! !

3 comments:

  1. Nimesh bhai there is an ascending triangle pattern in hourly nifty, which is a continuation pattern hence still nifty can move till 7340, if 7351 is taken out then we may consider bottom(6869) is in place which looks unlikely but no ego.

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  2. @JSRM - - Agreed Truly - - But the Volumes at 7227 Spot today Were not convincing above all - - Many stock have completed 3.4 Wave structure - - So the Contention of 3.5 may have started - - Contrary If 7245 Taken out then may be 7425 also . Thanks Bhai Again

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