Fri 21 Jul 2017 Nifty View

NSE:NIFTY   Nifty 50 Index
As a follow up from yesterday's post, today 10:45 is the key. Either Nifty will go down till then or in a sideways fashion will go up till then and the fall.

We will simply hold our current position with TSL at 9925 NS . At 10:46 we will exit in case of scenario 1 and tighten the TSL in case of scenario 2.
Comment: I think its going up till 10:45 and then down.
Comment: One may exit here nd short again at 10:45 or can hold with patience
Comment: BankNifty by the way is just 5 to 12 points up.
Comment: 9925 is not a strict stoploss. We need to wait for 10:45.
Comment: Now 9925 is a strict stoploss, close all short positions if it gets hit. One can also intitate freash shorts or add to position.
Comment: Next critical time is 13:09
Comment: Action: At 13:09, please book all profits, stay out till next call.

(Hit likes, we are profitable!)
Comment: Will short on Monday, have a nice weekend! Overall the trend is down only.
Comment: Attention please.....there is a resistance emerging at 15:21 and Nifty is also almost at day's high. Once can short there and carry forward.
Comment: Action: Short here and carry forward, stop loss 9935 NS.
lets see whats waiting for today
pankajvw ubpractical
@ubpractical, so, what did you see :)
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