The title can be very easily misunderstood, Right Attitude & Mindset towards trading helps you in finding the right opportunities and to trade better. Many think attitude is bad, Nope not at all... You should be strong & stern towards what you believe in your strategy & Should stand for that, That's the Attitude.
So, what do we have in Nifty ? The larger trendlines ( not a channel, I guess ) has another channel formation within in, so the breakout of smaller channel will give us trading opportunities to move on either side.Though, its breakout from the channel happens I'm not expecting any big moves, will be less than 60-70 points I hope, if in case it breaks to upside Nifty Potential for the day capped at 9500's unless Gap Up happens with good momentum. So watch out for the channel break and trade as per your setup in Nifty.
That's it we have planned for Nifty today, so that's how you should approach charts. You should have the Mindset & Right Attitude in trading, if this happens I will look for this setup, if that didn't happen, No Trades. Attitude always helps in Trading , usually people misunderstand that :)
Happy Trading !
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Inside channel broke towards south , If Nifty Futures 9400's not supported then 9350's
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Lock in your zone, 9350's Next & if got time revisit the old head & shoulders post, Exactly as expected...
@InsiderB, you can trust Nifty movements, opens gap up and goes down later on.
InsiderB
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@AMBRISH, You are always right Boss, exactly as you said it happened... A 10 point (approx) Gap up then down move...
AMBRISH
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@InsiderB, It seems big distribution is going on. brake out is given and then stock is stuck in narrow range and slowly dumping goes on.
InsiderB
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@AMBRISH, Yes, even I'm having the same thought, Institutions are probably exiting ? I don't track news..so not sure...But I believe you have better idea than Me in that area....if anything you got, kindly share..
if we get support here we may see jump of 25 to 30 points, only if we get support around 9400's