Namaste - My Learning of Trading in Nifty

[josh1]

I am getting same indications. MACD has started closing down. NIFTY is likely to touch 14D MA at about 5880 and may fall below that. There is a support at 5792.2 (gap on 15th Sep)

 

[crown]

Nifty closing above 6017 today will be a trigger for entering long positions in Nifty for a target of 6100.
stoploss will be today's low

 

[crown]

I am getting same indications. MACD has started closing down. NIFTY is likely to touch 14D MA at about 5880 and may fall below that. There is a support at 5792.2 (gap on 15th Sep)

Thanks bro for sharing.

It is the momentum and price mechanism which actually works in the market.
So far, the momentum is still bullish while the price has gone range-bound. No major correction is expected till Nifty maintains the levels of 6000 on closing basis.

 

[Priya601608]

Markets not ready to give up. 6024 again.

 

[crown]

Entered long in Nifty
Call 6200 taken @ 72
stoploss is today's low of Nifty Spot

 

[crown]

Markets not ready to give up. 6024 again.

But even then your assumption was absolutely correct about Nifty being weak for the moment. Whatever tool/software/indicator you are using, is giving correct information about the momentum.

 

[Priya601608]

Sorry guys!

I did a horrible mistake in doing study.

System is now giving me different output for today. I am working on it again.

Priya

 

[crown]

Sorry guys!

I did a horrible mistake in doing study.

System is now giving me different output for today. I am working on it again.

Priya

Hope you take this in the right spirits

Your study was correct to the extent of indicating the weakness.

However, the levels were somewhat extreme.

So, if you consider this fact in developing your system, perhaps it may help you a lot in having advance information about the momentum.

and, if possible, share it overhere so that you can have good amount of appropriate advise by some of the very good traders on this forum.

 

[Priya601608]

Ok now.

I have adjusted my system and given correct data to it.

It is showing me tomorrow's close between 6030 to 6040.

I will try to predict tomorrow's high and low also and will post here if you guys don't mind.

Thanks
Priya

 

[saivenkat]

Black Berry.

Kaala Jaamoon -( this is as per Savant bhai)