Market Makers may not allow Nifty Correction

25 thg 4, 2018

Nifty should have corrected few days back. But it appears that Market Makers may not allow Nifty correction.

Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.

25 thg 4, 2018

Giao dịch đang hoạt động

Shorted @10606 (futures price) for a strictly intraday trade.

25 thg 4, 2018

Đóng lệnh: đạt mục tiêu

Closed @10570

25 thg 4, 2018

Ghi chú

Scalping strategy... small price movements with many lots

25 thg 4, 2018

Ghi chú

Most technical indicators suggest a correction. But Daily and 4 hr Renko (ATR 14) are still green. Best to short after expiry.

25 thg 4, 2018

Ghi chú

New uptrend Renko brick starting on Daily chart.

26 thg 4, 2018

Ghi chú

So the renko analysis yesterday was accurate. Nifty has gone above yesterday's high.