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.
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.
עסקה פעילה:
Shorted @10606 (futures price) for a strictly intraday trade.
עסקה סגורה: היעד הושג:
Closed @10570
הערה:
Scalping strategy... small price movements with many lots
הערה:
Most technical indicators suggest a correction. But Daily and 4 hr Renko (ATR 14) are still green. Best to short after expiry.
הערה:
New uptrend Renko brick starting on Daily chart.
הערה:
So the renko analysis yesterday was accurate. Nifty has gone above yesterday's high.