CMP: 5189
NO TRADE SET-Up was generated by SMO SAR today on Hr TA.
Classic TA view:
1. Closes below the Short T/f LTL @ 5207 --> Bearish
2. Strenght on close > 5220 & 20DSMA @ 5256
Lifo-Fibbo:
Intra - day : Go long on 2 hlf hr closes > 5208.5, Tgt : 5256
Can also be a F.Fall set up if Nifty fails to take out 5208-5220
SMO SAR VERDICT:
SMO SAR EOD = 5220 (Exit shorts if being carried from 5291)
SMO SAR Hrly = 5220 (Go Long @ hr close)
1. Price closed < 5DLEMA (5190)
2. No change in dy/dx, trend still -ve on Day TA
For LONGS : Watch out for price close > Lifo-Fibbo + SMO SAR on Hr TA (5220).
For SHORTS: Wait for Breach < 5180 , -ve Trend will seek lower Bollingers @ 5146 / lower support TL @ 5092
cheers
NO TRADE SET-Up was generated by SMO SAR today on Hr TA.
Classic TA view:
1. Closes below the Short T/f LTL @ 5207 --> Bearish
2. Strenght on close > 5220 & 20DSMA @ 5256
Lifo-Fibbo:
Intra - day : Go long on 2 hlf hr closes > 5208.5, Tgt : 5256
Can also be a F.Fall set up if Nifty fails to take out 5208-5220
SMO SAR VERDICT:
SMO SAR EOD = 5220 (Exit shorts if being carried from 5291)
SMO SAR Hrly = 5220 (Go Long @ hr close)
1. Price closed < 5DLEMA (5190)
2. No change in dy/dx, trend still -ve on Day TA
For LONGS : Watch out for price close > Lifo-Fibbo + SMO SAR on Hr TA (5220).
For SHORTS: Wait for Breach < 5180 , -ve Trend will seek lower Bollingers @ 5146 / lower support TL @ 5092
cheers
shri ji ... waiting for your weekend update eagerly
ReplyDeleteHi Kalyani,
ReplyDeleteDone!
Just realised, this is the 100th post on Random Words
Its unbelievable that Free Radical thinker like me, could maintain a Blog with discipline & finish a 100posts over the past 3 months ...
And the best part is , it never felt like much effort!!
Just shows how much the Markets & TA has influenced my mind , all for the better :-)
cheers