May 31, 2010

NIFTY HOUR FIBONACCI LEVELS

NIFTY HOUR CHART

  • IF 5180 IS HELD THE NEXT TARGET IS AT THE 78.6 LEVEL WHICH IS 5120.
THANK YOU

5 comments:

  1. San,
    you are doing such wonderful work..
    thank you...
    though i have been making losses consistently...i am learning the way you put across the observations...
    manoj

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  2. @mash
    thanks for the comments

    losses are part of trading. One thing which is psychologically tough to do is to set a stop loss. Having set a stop loss mentally it's doubly difficult to come out at that time. It's a fight against ourselves rather than the market so train your mind.
    Other important things is not to trade every day and every moment of nifty. Wait for the best opportunity don't jump in at the first sight of a break out. Usually they are false ones.
    As my master(elango) use to say just one good trade in a month is enough.

    thank you wishing you safe trading

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  3. i think it is 5080 instead 5180 pls confirm

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  4. @KKAY ITS 5080
    BUT IT HAS BROKEN NOW
    THE HOURLY TREND LINE HAS ALSO BROKEN NOW

    ReplyDelete
  5. STOP LOSS FOR LONGS IS 5066

    ReplyDelete