Hangingman at nifty eod spotted after spinning top …
Definition of ‘Hanging Man’A bearish candlestick pattern that forms at the end of an uptrend. It is created when there is a significant sell-off near the market open, but buyers are able to push this stock back up so that it closes at or near the opening price. Generally the large sell-off is seen as an early indication that the bulls (buyers) are losing control and demand for the asset is waning. This formation does not mean that the bulls have definitively lost control, but it may be an early sign that the momentum is decreasing and the direction of the asset may be getting ready to change. The reliability of this signal is drastically improved when the price of the asset decreases the day after the signal. Hanging man formations can be more easily identified in intraday charts than daily charts and are a very popular formation used by day traders. If this pattern is found at the end of a downtrend, it is known as a “hammer”. |
We can see 7300 in near future say in 3 to 4 sessions if these signals are correct . .. MFI is kissing its threshold again and volume was comparatively low is indicating that profit booking in stock specific will be there so choose selected stock and make gud money in intraday selling .
Flat opening is expected …hold your stbt positions with sl at 7702 target will be minimum 20 Nifty points and 50 Bank nifty points advising to place after market profit booking orders accordingly .
Trade in Nf as per these levels
Buy at / above: 7701 Targets: 7716 – 7743 – 7766 – 7789
Stoploss : 7676
Sell at / below: 7676 Targets: 7656 – 7632 – 7613 – 7590
Stoploss : 7701
Bank nifty to gaya kaam se ….chart is supporting bears so advising ki bears bano ….
Trade according to trend …if misjudged try to correct yourself as early as you can .
Please have a look buy call was planned in nat gas like this
[×] [o] admin: buy ng at 275 sl 273.80 tgt 277.40 278.90
later realized that it wont give gud result or move in trade direction we have changed our trade plan like this
[×] [o] admin: reverse nat gas trade at sl level means go short at 273.80 for tgt below 271
[×] [o] admin: sell nat gas at 274.50 275 sl 275.80 tgt 272.30
[×] [o] admin: sell nat gas at 272. 20 40 sl 274.20 tgt 270.60
[×] [o] admin: sell ng at 271.40 272 sl 273.60 tgt 269.20
lastly traded below 268
[×] [o] admin: 268.80 traded before close at 269.10 nat gas sel was on from 274.50 http://prntscr.com/3rim6d
so gain on trades more than 4 points …. means 5000/- per lot if followed properly .
Bumper gains in rel capital futures
RCAp traded below 640 bang on tgt 2 call was 10 Jun 14, 09:17 AM [×] [o] admin: SELL rel cap f at 658 59 sl 666 tgt 651 642 gain Rs 16000/- or more per lot http://prntscr.com/3rcoy8
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Hangingman at nifty eod spotted after spinning top
