Yesterday, I had mentioned that Nifty 4530 would be an important level. Sometimes the market is nice to you and allows you to be correct. Indeed, today the market pivoted around 4530/4540.Such days are fantastic for oscillators. Look at the slow stochastic chart. If you bought and sold as the stochastic came out of oversold and overbought regions, you would have made a resonable amount of Nifty points in trading today. I have not checked with other oscillators though.
If you have any comments please write to me at stockmarket.methods.in.madness@gmail.com
Disclaimer: The above analysis is just that - my analysis. If you choose to trade on the basis of this analysis, you will be solely responsible for the outcome of the trade - profit or loss. Please keep in mind that trading and in particular day trading is not for the novice and there is significant risk of loss of capital in trading.
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