Aggressive trade: Bought 4845 NF, SL 4830.
(Exit at close).
Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark... -
5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ... -
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
4 comments:
i hope this was intraday and you closed it at EOD and not carrying it home since most of us positional shorts still holding shorts like you said in your posts :)
Nifty has broken the critical resistance levels of 4855 and 4835. The close today was quite weak; indicating further weakness. 4700 doesn't seem improbable. Are you hoping for an immediate bounceback?
Hi..Rishi,
That was for an intraday only.
Just when Nifty broke the critical support area, when one is supposed to initiate a "Short", I exited mine and ended up looking for a bounce all day. This does not look good after warning all about a major reversal and sharp fall..Lost my patience..lost sight of the bigger picture.
I am glad you are holding your "Short Positions".
Yes..Prashant,
Every rise need to be sold into..if we can get one soon..!
As Nifty was at 50DMA, I expected a bounce..but didn't happen. My critic is fond of saying.."there are no supports in a downtrend and no resistances in an uptrend till the market decides on one."
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