Indeks Nifty 50
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Market Makers may not allow Nifty Correction

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Nifty should have corrected few days back. But it appears that Market Makers may not allow Nifty correction.

Renko charts (ATR 14 based) in Daily, 1hr, 30mion and 15min are solidly in the green. This could indicate an approx 80% chance that the market may continue to rise a bit tomorrow. Best not to trade in the index till after expiry.
Dagangan aktif
Shorted @10606 (futures price) for a strictly intraday trade.
Dagangan ditutup: sasaran tercapai
Closed @10570
Nota
Scalping strategy... small price movements with many lots
Nota
Most technical indicators suggest a correction. But Daily and 4 hr Renko (ATR 14) are still green. Best to short after expiry.
Nota
New uptrend Renko brick starting on Daily chart.
Nota
So the renko analysis yesterday was accurate. Nifty has gone above yesterday's high.
renkoTrading Psychology

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