Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% in positive at 12108
- incidentally there was a gap up opening, a short rally and a close near open
- AD was 4:5
- option writing support 12000
- we now also have strong resistance around 12200
- this defines the trading range for next few days
- monthly option series indicates range from 12000 to 12500
- incidentally 12100 is roughly the 61.8% retracement to the prev correction
- and the 61.8% retracement of this 4 day rally is 11800
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsPCfWBQ2-9AuGGXOfhdrS1ak-IN6r0M5O4FqRCb9ehZmAuv1WQbv7dsobOL49xZOh11wDDPGnBFWYdlIN_IXYK6OoY5JSak15nmTtnu4CiBb4dALtsSDrUPkx-lsqrwmzaKOWrJJbSoux/s640/a.png)
3 min charts:
- missed first bar completion; traded long on 2nd bar
- exited as per SL
- 2nd long trade took away profits/ marginal loss
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNc1Y54_qeoC0-xafRYQMdt4bvX_fyedyWeaNrqLtz1RPdNJEl73aBIPxjUGWwSNWHNB2yj1NdGKVQJbptBpSpY4no90KDb651OLDsgL8RGDqGZw932pSGtReVjTK1HZOfFvn6QR_mlLbI/s640/a.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj48Isd8Ha3hleb-hMyR_bJAKWaLZvCHOX3nZA5ZeqfzhzB9JT204pdvF0AMpv6DK2V836zZGvaqApNdFCzWAF6SYFOY7CxVJnyOBsYOue5yO87FDEPboVLOUJKIkPHKZc70ENtJk5_k7_C/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheu6cF2R0uGexP4lQyypAUzbv-6GBtnMwoO5rhbHIgB97XnMlIC-3L4MvCHBSdEZyvETGSFh1xFoFGdJTshN21DR8Jl_PLDqDnxRbC1eDOBBPCoKQRTKXzXQZopvzB0wuxbS9GQWhcvxMp/s640/a.png)
30 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGH8YwIGmsV-QBlFjoyv4yVeEgXz2px8TO0CPt3thilJ-DUrgu2UTvZJkSncAt5kYWV8w_CZV6GWPEOfJoxQThyUiGJ5oqYHHWauJ3f2YwtlbJDWj45XdCCEOG8KkLOe-Nky2Bl6fjHvTp/s640/a.png)
- trend is down on daily charts
- today nifty closed 0.6% in positive at 12108
- incidentally there was a gap up opening, a short rally and a close near open
- AD was 4:5
- option writing support 12000
- we now also have strong resistance around 12200
- this defines the trading range for next few days
- monthly option series indicates range from 12000 to 12500
- incidentally 12100 is roughly the 61.8% retracement to the prev correction
- and the 61.8% retracement of this 4 day rally is 11800
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsPCfWBQ2-9AuGGXOfhdrS1ak-IN6r0M5O4FqRCb9ehZmAuv1WQbv7dsobOL49xZOh11wDDPGnBFWYdlIN_IXYK6OoY5JSak15nmTtnu4CiBb4dALtsSDrUPkx-lsqrwmzaKOWrJJbSoux/s640/a.png)
3 min charts:
- missed first bar completion; traded long on 2nd bar
- exited as per SL
- 2nd long trade took away profits/ marginal loss
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNc1Y54_qeoC0-xafRYQMdt4bvX_fyedyWeaNrqLtz1RPdNJEl73aBIPxjUGWwSNWHNB2yj1NdGKVQJbptBpSpY4no90KDb651OLDsgL8RGDqGZw932pSGtReVjTK1HZOfFvn6QR_mlLbI/s640/a.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj48Isd8Ha3hleb-hMyR_bJAKWaLZvCHOX3nZA5ZeqfzhzB9JT204pdvF0AMpv6DK2V836zZGvaqApNdFCzWAF6SYFOY7CxVJnyOBsYOue5yO87FDEPboVLOUJKIkPHKZc70ENtJk5_k7_C/s640/a.png)
15 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheu6cF2R0uGexP4lQyypAUzbv-6GBtnMwoO5rhbHIgB97XnMlIC-3L4MvCHBSdEZyvETGSFh1xFoFGdJTshN21DR8Jl_PLDqDnxRbC1eDOBBPCoKQRTKXzXQZopvzB0wuxbS9GQWhcvxMp/s640/a.png)
30 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGH8YwIGmsV-QBlFjoyv4yVeEgXz2px8TO0CPt3thilJ-DUrgu2UTvZJkSncAt5kYWV8w_CZV6GWPEOfJoxQThyUiGJ5oqYHHWauJ3f2YwtlbJDWj45XdCCEOG8KkLOe-Nky2Bl6fjHvTp/s640/a.png)
No comments:
Post a Comment