August 20 Trade Log
“I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.”
My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day.
My Trades
No trades for the day today.
My Observations for the day
NIFTY closed 0.53% up
BANK NIFTY closed 1.365%up
VIX dropped -3.30%
Advance Decline ratio 30 to 20.
With today’s move NIFTY is firmly in consolidation. So I assume the range is 11460 - 11300, till it breaks on either side.
I’ll do a detailed weekly view post over the weekend.
“I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.”
My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day.
My Trades
No trades for the day today.
My Observations for the day
NIFTY closed 0.53% up
BANK NIFTY closed 1.365%up
VIX dropped -3.30%
Advance Decline ratio 30 to 20.
With today’s move NIFTY is firmly in consolidation. So I assume the range is 11460 - 11300, till it breaks on either side.
I’ll do a detailed weekly view post over the weekend.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.