September 23, 2010

Nifty one minute chart

  • Nifty one minute chart showing today's small range
  •  Only if nifty breaks out of this range we can expect to see further action.
  • Break out from the above range may give direction for the Triangle mentioned in the earlier POST
By at

4 comments:

  1. NiftybaazSeptember 23, 2010 at 12:33 PM

    Hi SAN,

    Its vikram

    bhai need further uodates on relcap....i am holding it and waiting for that inverted HnS do you feel we should wait in it or i should book my profit

    regards
    vikram

    ReplyDelete
  2. SanSeptember 23, 2010 at 1:35 PM

    @Vikram
    IF relcap closes below 810 it will be negative. Stock may move up after that but we should follow strict stop loss.

    If you're long exit on a close below 810

    ReplyDelete
  3. NiftybaazSeptember 23, 2010 at 1:47 PM

    Thanx SAN

    it has already crashed bhai....i feel i would have to exit.

    can we go reverse in that case

    regards
    vikram

    ReplyDelete
  4. SanSeptember 23, 2010 at 1:58 PM

    @Vikram
    Don't try reverse. Wait for a chance to go long again. you will get a good entry

    ReplyDelete

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