Indian Charts: NIFTY Updates INTRADAY

Thursday, July 21, 2011

NIFTY Updates INTRADAY

Nifty CHANNELING. Waiting for it to HIT that Upper Trend line at around 5640 , at which point I SHORT again.

As i had suspected , we return after HITTING that line . I am SHORT now.

Actually we saw a slight BREAKOUT . Now we in for a NICE TRIPLE TOP(http://thepatternsite.com/tt.html).

The VIX near TREND LINE. ANother Clue we might see a nice down move in the NIFTY and an UPMOVE In VIX from here on.

2 comments:

AkhilJuly 24, 2011 at 2:50 AM
what would be your SL if it shoots higher?
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jonakJuly 24, 2011 at 3:39 AM
u can keep it at 5660...
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"The reason is that a man may see straight and clearly and yet become impatient or doubtful when the market takes its time about doing as he figured it must do. That is why so many men in Wall Street, who are not at all in the sucker class, not even in the third grade, nevertheless lose money. The market does not beat them. They beat themselves, because though they have brains they cannot sit tight."

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Thursday, July 21, 2011

NIFTY Updates INTRADAY

2 comments: