Market Makers may not allow Nifty Correction

٢٥ أبريل ٢٠١٨

Nifty should have corrected few days back. But it appears that Market Makers may not allow Nifty correction.

Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.

٢٥ أبريل ٢٠١٨

تم فتح الصفقة

Shorted @10606 (futures price) for a strictly intraday trade.

٢٥ أبريل ٢٠١٨

أغلقت الصفقة: تم الوصول للهدف

Closed @10570

٢٥ أبريل ٢٠١٨

ملاحظة

Scalping strategy... small price movements with many lots

٢٥ أبريل ٢٠١٨

ملاحظة

Most technical indicators suggest a correction. But Daily and 4 hr Renko (ATR 14) are still green. Best to short after expiry.

٢٥ أبريل ٢٠١٨

ملاحظة

New uptrend Renko brick starting on Daily chart.

٢٦ أبريل ٢٠١٨

ملاحظة

So the renko analysis yesterday was accurate. Nifty has gone above yesterday's high.