What happened?
# Bounced from 6015 to 6080.
# Upswing with low conviction.
# Range extended upside.
# Value overlapped.
# Double distribution Higher side.
What likely?
# 6100/6108 zone likely to resist price.
# Upside capped.
# 6031 level to be revisited.
# Big swing.
# 6065 pivot for the day.
# 6039 bigger time frame support.
Pre Open Take:
Short nf near 6095 with stop loss 6110 look for 6065 & 6031 . If price doesn't visit 6095 levels one can short below 6060 with 6070 stop for 6031 target.
Follow www.twitter.com/niftywizard
Happy trading !!!
Jay
Monday, January 28, 2013
Friday, January 25, 2013
Day's Game Plan
What happened?
# Balanced market
# Just played the range 6010 - 6070
# Range extended Downside not much like before.
# Value migration lower.
# Edge of Bigger range.
# Long liquidation with conviction.
What likely?
# Fear going to rise at highs.
# Bounce likely if yesterday's low holds & will be used to liquidate Long's
# Positional swing of 400 points possible from current level (6400 or 5600).
# Low volatile Friday.
# 6039 likely to play important role today.
Pre Open Take :
Try Long around 6040 with strict sl 6025 look for 6070/77 to close the same .
Happy trading !!
Regards
Jay
# Balanced market
# Just played the range 6010 - 6070
# Range extended Downside not much like before.
# Value migration lower.
# Edge of Bigger range.
# Long liquidation with conviction.
What likely?
# Fear going to rise at highs.
# Bounce likely if yesterday's low holds & will be used to liquidate Long's
# Positional swing of 400 points possible from current level (6400 or 5600).
# Low volatile Friday.
# 6039 likely to play important role today.
Pre Open Take :
Try Long around 6040 with strict sl 6025 look for 6070/77 to close the same .
Happy trading !!
Regards
Jay
Thursday, January 24, 2013
Day's Game Plan
The Day's Game Plan
What happened?
# Struggled to cross 6078 took price to previous balanced zone 6035/29.
# Wild Swing bringing price back to 6078 from 6035/29 Bzone.
# Closed @ 6077 near strong ref level 6078.
# Range Extension Downside.
# Selling without conviction.
# Value Migration Lower
What Likely?
# Most of the Day's move could over in first few hours.
# Price might stay in Initial Range Most of the day.
# 6078 Confluence zone likely to resist price, above that shorts scream to cover.
# 6100 level many proposals waiting could visit there anytime.
Key Reference Levels :
6078/6066 #VP
6078/6065 #CVN
Pre Open Take :
Enter Shorts near 6074 sl 6080 look for 6058/48 to cover the same.
Note: Open trades are trades which need to be taken if price opens near the level mentioned above. If price Opens way above/below give some time for price to show some clue then trade the same if it proves.
For Live takes on Index Follow me @ www.twitter.com/niftywizard .
Happy trading !!
Regards
Jay
What happened?
# Struggled to cross 6078 took price to previous balanced zone 6035/29.
# Wild Swing bringing price back to 6078 from 6035/29 Bzone.
# Closed @ 6077 near strong ref level 6078.
# Range Extension Downside.
# Selling without conviction.
# Value Migration Lower
What Likely?
# Most of the Day's move could over in first few hours.
# Price might stay in Initial Range Most of the day.
# 6078 Confluence zone likely to resist price, above that shorts scream to cover.
# 6100 level many proposals waiting could visit there anytime.
Key Reference Levels :
6078/6066 #VP
6078/6065 #CVN
Pre Open Take :
Enter Shorts near 6074 sl 6080 look for 6058/48 to cover the same.
Note: Open trades are trades which need to be taken if price opens near the level mentioned above. If price Opens way above/below give some time for price to show some clue then trade the same if it proves.
For Live takes on Index Follow me @ www.twitter.com/niftywizard .
Happy trading !!
Regards
Jay
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