Following the Indian Stock Market,Nifty,Sensex and Stocks,by various Technical Analysis Methods for Intraday,Swing and Positional Trading to deploy Personal Finance,Maximize the Profits and Create Wealth.The Blog shares my Nifty Trading Analysis and Trading Strategies. No Tips here.
Positional Trade on the shorter side was carried precisely for the reason market showed today.It failed to go over the High Volume area of 5465 and has now broken the 10 d high volume area of 5440.This level now has more importance as it has become the Weekly Pivot too.We will keep it as SAR for this week also as done in last. Expect support at 5350.
Checkout today's and 10d chart
A word of caution : Hidden positive divergence is seen in the 5day chart .Keep an eye on it untill resolved.