Nifty Futures opened @ 5711 and reversed from 5725 to 5705. Shorts seen from around 5715 could not push the Index Futures below 5700. Initiated Buy @ 5717 around 11.07 am. Bit of a struggle warned to reduce Stop from sub 5700 levels to just below days low (Ego conquered). Then the expected move materialized. Momentary lapse in concentration (good excuse for Fear) made sure that part profit was only 15 points @ 5732. Then trailing Stop Loss gradually leads to 5662.9 (Day High 5773.35). Well almost time for the day which means "Fear & Greed" conquered for the Day.
Technical Analysis - particularly Intra Day - is all about Reality. The Reality Shows begins @ 9.15 am tomorrow.
Technical Analysis - particularly Intra Day - is all about Reality. The Reality Shows begins @ 9.15 am tomorrow.
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