After two days of decent Batting... Player is returning to the pavilion for a bit of rest and liquidity test. Again suggestion is no positional shorting till structural key support breaches.
As discussed in earlier posts nifty showed positive follow up consecutive two days after testing liquidity zone of 11225 to 11060. As nifty broke one more intermediate resistance of 11585, and considering the today's NSE data, support might have shifted to 11383 and next intermediate resistance will be at 11795 with a target of 12030++ as per all previous...
It seems nifty has trapped intraday shorts, if so confirmation will come if nifty crosses 11560.
Attributes and Variable of the Financial Markets Part 6: Price, Volume, Liquidity and Volatility are the market attributes. Business Module, trading Edge, Discipline and trading method are our attributes. Business model: Includes capital infusion, risk appetite, winning ratio and reward over the set of trades. Scalability of business model after certain set...
Today after opening in positive territory nifty did manage to close above 11470 and 1st day follow up was good after yesterday's retracement which was sharp enough to tempt a positional short. Let's see if tomorrow we manages to close above 11560.
Price opened above 11470 and trying to sustain above that.