- Hi guys good morning..our yesterday's call was bang on ...now the game is that we have got a doji formation on daily charts indicating some more range bound move b4 a decisive move up or down...
- The above chart is by rcg ji and the comments are enclosed in the chart itself..One more possibility is that maiya may use some
Intermediate moves as her BHOG thru opening with Gap.( Maiya is used to do it) So if opening takes place in-between 4985-5005 then a up move for a while is expected
=rcg
- ok guys the first thing nifty is going to do today is try to enter the gap it made yesterday so buy above 5060 for first target of 5085....if we cross 5090 then we will reach 5118 where heavy shorts will appear to get trapped later in the week...
- for shorting try at the opening with sl above 5060 or wait for 5004 to be broken and then go full throttle short...
- this wave down from 5159 has made ABC formation till now and has bounced back from 1.62 extension of A ..
- if yesterday candle was not a doji and a broader bar then i would have not given a second thought and shorted the market but this gap down doji has played a spoil sport..good luck
So Harshal bhai what to do today (20.10.11) long or short ?Regds.
ReplyDeleteshort below 5100 and then again below 5070..rest is mentioned in 2day's blog
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