InsiderB
Short

Nifty (Short): Bearish Crab Pattern & Double Top

NSE:NIFTY   NIFTY 50
6 months ago
Bearish Crab Pattern Completion

Market is consolidating for past two days

Nifty             has Double top formation near Crab Completion

Though it took out my stops on previous trade, we got another chance to enter at more better spot with Double Top.

While I am posting this its forming bearish doji, enter this trade after the current candle closes in Bearish mode

We are targeting around 7900's (300 points) , so 100 -150 point stops ( 8300;s) won't do much damage.

But if you are very conservative trader, Please dont risk.
6 months ago
Comment: RBI policy will decide the direction of Nifty ? We will get to know @11.00 am today.

My opinion is - Policy Rate Unchanged ( Market falls) - Higher chances
If Policy rate cut - Market veers off to higher highs.

Lets see what RBI Governor has in mind @11...
6 months ago
Comment: Nifty is 45 points short of my stops
6 months ago
Comment: This trade is lesson for everyone of Us. We took short positions around 8200's based on our analysis with stops above 8300's but Nifty straight away raised to 8300 and niggled with those levels and turned back to profits.

That's why every trader should be really patient & dont change anything after fixing their stops and targets.

Always follow your plan it will be rewarded for sure ! Happy Trading !

*** With Great Power, there comes Great Responsibility ***
djhimmu
6 months ago
thanks
+1 Reply
InsiderB djhimmu
6 months ago
You're welcome djhimmu
Reply
yeoledinesh
6 months ago
Following the same
+1 Reply
InsiderB yeoledinesh
6 months ago
All the Best, Dinesh !
Reply
yeoledinesh
6 months ago
No change , waiting for market fall
Reply
InsiderB yeoledinesh
6 months ago
Yes.. Nifty is flat after RBI meet. Though RSI gives bearish divergence there is no significant fall. Market is Master always, so lets wait
Reply
InsiderB InsiderB
6 months ago
*was flat just after RBI meet
Reply
VPS
6 months ago
Great analysis. Nifty rallied up to nearly 8300.. Do you think it will get past 8300 or do you think it will fall?
+1 Reply
InsiderB VPS
6 months ago
@VPS, At this moment I don't have any valid reasons to predict Up or down move. But there is channel formation in Nifty (hourly), so any direction possible. If it moves up, my stops will hit. Thats it :)
Reply
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