Hi,
Greeting to every one, Vandana and Ed.
I am discussing today possibility of a positional short in Nifty Future with weekly chart.
This start with Minus Development as marked in chart, generally its simply failure of Flag completion,
if it would succeeded then blue channel uptrend line would have been tested. Along with this , a negative
divergence will mature, once this week's closes ( yet to happen tomorrow ) below 5969.
So a positional short can be initiated as long as it remain below 5969 during mid-session or near closing.
In any case , aggressive short stop for this would be a day closing above 5993 and hard stop for short would
be weekly closing above 6065. First target for this short setup would be 5845.
++Week+44_2010+-+Week+6_2013.png)
++2_7_2013.png)
Greeting to every one, Vandana and Ed.
I am discussing today possibility of a positional short in Nifty Future with weekly chart.
This start with Minus Development as marked in chart, generally its simply failure of Flag completion,
if it would succeeded then blue channel uptrend line would have been tested. Along with this , a negative
divergence will mature, once this week's closes ( yet to happen tomorrow ) below 5969.
So a positional short can be initiated as long as it remain below 5969 during mid-session or near closing.
In any case , aggressive short stop for this would be a day closing above 5993 and hard stop for short would
be weekly closing above 6065. First target for this short setup would be 5845.
++Week+44_2010+-+Week+6_2013.png)
++2_7_2013.png)
Hello Dev,
ReplyDeletewelcome @ CapitalBee.
Looking forward for ur posts.