Trade and Lose...that's the mantra...that's what choppy sideways to down market does to you 1 day ago market has gone completely wild now 1 day ago Yeh kya ho raha hai 1 day ago Classic turnaround...great 1 day ago Friday fever...nifty breaks down even more...panic selling may set in if market does not recover above 4595 in next 10 min 1 day ago Message from the market is clear: Don't trade me....I am not tradeable 1 day ago Though pattern continues to hold as long it does not form new lows 1 day ago This is what I meant when I said not an ideal double bottom...double bottoms are more reliable when they take time to form ideally over 60ms 1 day ago Formation of double bottom generally negates the earlier trend..it means lows of the day has been formed and we may see another day of doji 1 day ago Oh...this is a double bottom...expect some buying atleast to 4640 1 day ago Double bottom around 4590?...not a great set-up ideally it should have taken some time to form it...it looks like more selling 1 day ago drop in your comments..what do you think of today's move and market commentary in general 1 day ago there seems to be some panic...but no trade setup as of now 1 day ago This seems to be pretty sharp cut and Nifty looks on its way to yesterday's low of 4586 1 day ago It's breaking down....but again not tradeworthy move 1 day ago Expect Nifty to get support around 4630-4640 but can we trade it...pretty risky 1 day ago No clear trading opportunity today...day of wait and watch 1 day ago Sharp cut but it looks like adjustment i.e. people who bought futures ahead of IIP are exiting because of lack of follow through.. 1 day ago IIP +1.4%....but market after spike is back to normal...let's see how market goes from here 1 day ago Nifty has run into resistance as expected 2 days ago Problem: In markets, you have to trade live markets and you get influenced by recent behaviour in both ways - +ve as well as -ve 2 days ago Looking back at the chart - 4635 looked like a good entry point...levels which were tracking yesterday and got chopped out 2 days ago Nifty now trades above Previous day high of 4680...but based on yesterday's move...it will be premature to call it a breakout 2 days ago Nifty has made a sharp move above 4665...tradeable...no let's give it a miss 2 days ago There is clear positive trend in Power sector stocks....Capital goods stock may also join the party 2 days ago It is better to avoid taking any trade now as market may continue to be choppy 2 days ago
Your market commentary as usual is very good. Looks like today too is going to be a nothing day with the market moving here & there like a drunk.
ReplyDeletesir i think as of now whole world is looking @ s&p 500
ReplyDeleteif goes above 970 or 1000, we might see a range breakout
Gap support at 4570 is holding up. Below this I guess short.
ReplyDeleteAniruddha
ReplyDeleteSir I think Market will close around 4582 level. My thinking of this on weekly chart If Market close at this ( 4582) level it forms DOJI on weekly after forming bullish candles from last 13 weeks.
this blog is a good company
ReplyDeletesir do u find that with this pattern of nifty gives indication of going down to 4450 levels and though nifty is not sustaning at higher levels??/
ReplyDeletehi depak sir... when i read the live commentry it feels like a friend is giving good advice sitting right besides me .. thanks a lot
ReplyDelete