Darr ke aagey Jeet Hai- I have crossed the bullet train again because I am extreme risk taker. Do not attempt to do the stunts alone & should carry out under guidance of a trained professional.
Poking below 1005 & 999 from previous updates are all important levels, which suggested Infosys is a weak counter for coming sessions.
Opened gap down at 1005-1006 from overnight session close of 1008 forming important zone for Infy .
Dropped to 991 which was day's lowest point.
6th April2017 - Bang On 1005-1006 Trading Zone
As per update at 09:17 Hrs on Infy post -we expected a bounce from 994 to 1000-1005. Got the bounce & sold at top@1005-1006 with strict stops above 1008- Risky call as trader can lose 3-5 points but risk reward is maximum in the gap zone 1005-1006.
Scenario -1 Trading below day's low@992 shall open up for more weakness where Infy can attempt the zone of 978-980 below 986 -another important level.
Scenario-2 Risky Trade Sold the bounce at 1005 with strict stops above 1008 for targets 978-980 as updated in the post mentioned below @9:17 Hrs 6th April2017
Trailing stops at cost email@example.com so I do not lose anything in the trade & will wait for market to hit me. I am protected on top end.
This is how I manage my risk which is most important in trading.
We shall take this profit in parts. Next Support Zone is 995-996 - If Infy holds here then we book our profits from selling at top zone. If break & even breaks day low@992 then more weakness as suggested above or bounce can be seen if 995-996 holds.
Shall be out in 2nd trading session. Trade Carefully
Nifty is weak below 9200-9225 for target 9140-9150 & Strong above 9275 for 9325
We will book profit incase Infy drops to the zone 992-995 holding on firstname.lastname@example.org
It is choppy correction happening currently which can surprise trader by taking support downside between 990-992 or 995-996 for upside push again.
Downside only below 990 -if sustains then we go for further selling for 986-level & 978-980 zones
Bang On Intraday Target of 995
I Sold@1005.50-You Sold @1004.50 & We sold@1005 for 995- Intraday - Isn't that amazing. Crossing the Bullet Train.
Kissed 986 - ED (Ending Diagonal Starting Level Kissed)
Target Reached as expected in the zone 979-980. Enjoy The Weekend.
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
And kudos to you for guiding everyone real time :D
@AbhishekHSinghCMT would love to more about your personal active trade management funda in coming posts too :)