Thursday, April 16, 2009

Nifty (Futures) Intraday Analysis for 16th April 2009

So many pattens in todays NF Fut intraday, below is 2m chart
1. Descending broadening wedge(Marked with yellow) volumes are increasing for the whole day.
2. Channel (Marked with aqua), Volumes were draining
3. Two Gartley Pattens (Marked with Pink)
4. A small Inverted head and shoulders (marked with pink), and volumes are also accordingly to the patten.


My trades:
  • Entered short at 3468, after the pivot low is broken.
  • Stopped out at 3426, when pivot high is broken.
  • 42 points profit for single trade.

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