Bearish Harami spotted at nifty eod yesterday .
Indicators were diverging while nifty was moving above 5810 … technical indicators were showing divergence and result is indicators win finally …
Gap down opening is expected with extremely volatile session ahead as nifty will trade at 200 day moving average which is at 5826 …above it bullish below it bearish and we feel nifty may hover at 5828 plus mins 20 today..be cautious if nifty will trade below 5800 for more than 30 minutes then we can see 5750 today ….
Trade in nifty as per these levels ..
Buy at / above: 5833 Targets: 5849 – 5868 – 5887 – 5906
Stoploss : 5814
Sell at / below: 5814 Targets: 5797 – 5778 – 5759 – 5740
Stoploss : 5833
on 1st July it was advised at chatroom dhanvarsha
you may join for free http://dhanvarsha.in/chatroom/
1 Jul 13, 03:07 PM
[×] [o] admin: risk lovers may SELL nifty at 5890 5900 as it is just below 50 DMA …if wont cross mkt may correct /retrace by min 80 points to kiss 200 dma 5891 now may carry SHORT in small qty ..
1 Jul 13, 03:20 PM
[×] [o] admin: shorting nifty below 5910 may give reward ..at 5910 is 50 DMA and nifty is up325 points …or more in 3 sessions …1 retracement of 100 rs banta he ..if gap up na hua to ….trading at 5895
you may see here also http://clientsviews.blogspot.in/2013/07/chat-history-1-jul-13-0945-pm.html
Bearish harami candle was spotted at eod chart yesterday
Definition of ‘Bearish Harami’
A trend indicated by a large candlestick followed by a much smaller candlestick with a that body is located within the vertical range of the larger candle’s body. Such a pattern is an indication that the previous upward trend is coming to an end.
NIFTY OUTLOOK AND TRADING LEVELS FOR 03 July 2013: Harami again