June 1, 2010

NIFTY HOUR CHART TREND LINE BREAK TRADE


  • IF NIFTY CLOSES BELOW THE 20 HOUR SMA THAT'S RISKY FOR THE BULLS IN THE SHORT TERM.
THANK YOU

3 comments:

  1. Good Morning San,

    Sell for positional or intra basis?,

    Thanks.
    Ganesh

    ReplyDelete
  2. If the hour candle closes below the 20 hour sma. Take a short trade with 20 hour sma itself as stop loss.

    This one is for intraday. But if 5000 is violated you can hold on to it by booking half profit.

    But lets see if it breaks. 5050 is an important area that has to taken out convincingly first. above 5050 it's again bulls area

    thank you

    ReplyDelete
  3. Thanks San,...yes 5050 is looks like a china wall..lets wait for good trade entry..

    ReplyDelete