EOD Nifty chart, clearly NIfty had brokn out of the falling trendline (though still in the broad price channel), RSEX is bullish, MACD which is giving positive ticks & price is above 20 EMA. Please note Nifty closed above monthly pivot as well hence all signs are bullish.
US news have made all markets sink globally and the same is expected with Nifty. We are set for 2-3% gap down which should take NF around or below my 2860 SL levels... however I would wait and see till EOD if it does sustain below 2860 levels and then only think of opening up any shorts.
Yesterday intraday magik numbers worked beautifully, Nifty made a high of 2949 which was 1 point less than my M4. I initiated shorts at 2945 with SL 2955 (as explained in my post) target 2880. It fell like nine pins and achieved 2880. At 2885, I squared off shorts and ideally should have initiated longs SL 2875, as it sprung up like anything and finally closed around 2928. But I didnt take the last trade since I had already made 60 point intraday on my first trade. In hindsight, I should have traded it well for another 40-50 points.
On stocks, I saw BHEL achieved its target of 1430 in one day itself. A lot of other stcoks have been triggered and lets see how they perform in coming days.
Magik numbers for today
NF = 2815, 2842,2882,2918,2960
Cheers
SH
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