Mon 27 Nov Nifty View

Hi All,

S&P did not upgrade India’s rating on Friday evening, and because of this SGX Nifty is down 42 points around currently.

As you are aware, news based spikes do not sustain, and in this case too it wont. Within a day or two, Nifty will be back up again. I will simply hold my current position taken at 10392 NS.

However if Nifty continued to go down after first half an hour, will hedge this position by going short in 1 lot.

Comment:

Lets trade some intraday waves today in limited quantity ( keeping the exiting long position as it is).

Will attempt to go long at 9:22 after observing some price action.

Comment:

Action: Intraday only, going long here.

Comment:

TSL at day's low

Comment:

Nest support is at 10:15, so will hold this one till then.

Comment:

Exited intraday long position. Had gome long at 10358, exiting at 10360.5 , booked profit mere 2.5 .

Now shorting with TSL at day's high.

Comment:

At 12:39 we would exit intraday short and go long again.

Comment:

Please wait for confirmation, we may have to wait for another low.

Comment:

Next time is 13:15...and thats where this entire down move due to news shall end.

Comment:

Exiting short position with long here.. Had shorted at 10358, exiting at 10344 , booked profit 14 points .

Now going long with TSL at 20 points below day's low.

Comment:

Now At 14:19 please exit this intraday long position, and remain long at yesterday's long position and carry that one forward.

Comment:

Had gone long at 10344, exited 10375, net 31 points on this one. Gross profit for today: 2.5+14+31 = 47.5! This on a day when market was very sideways in a tight range!

Comment:

Yestreday's ppsition will also be in green by tomorrow, just carry it forward, thanks!

Comment:

In green , yesterday's position! Was long at 10392, Nifty is at 10397. Holding it and carrying forward!

Comment:

May I have some likes please??? It was a profitable day afterall :)! Many thanks!