guys... nifty might trade sideways...n try to test 7930. don't trade in sideways market...wait for nifty to retrace back to 8050 or 8100 level to grab selling opportunity.
i'll keep u updated with the trade...
previous trade details : Sell at 8235 & closed at 7976, so total profit 259 points. ( 1 lot profits - 259*75= Rs19425)
MehulJain3a
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and falling market people panic, have fear and sell.
that is common or i should say basic human behavior.
so it good to take advantage of this and be on right side of the market, instead on the wrong side (where 99% end up)
@MehulJain3a, and their big difference between in Investor & Trader. ( Investor will only enter in F&O to hedge and even if they loose it won't matter them, because it's like paying premium to your Life Insurance Policy)
trader will do daily buying and selling,
neneram
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@MehulJain3a,
Stop Loss exited , or still holding short ?
If it's that simple all FII would be overwhelmingly short on NIFTY (Refer the first comment about reversal and continuation)
Keeping the stop loss at top of such big pin bar and taking trade is no trade for common investors. (No analyst will take such trade)
Best way is to wait and If there is no follow through on pin bar take long position with stop loss of bar after pin bar ,
But if the bar after pin bar is above or very close to top of pin bar don't take the trade market can go side ways till budget.