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pankajvw
Dec 18, 2017 2:55 AM

Mon 18 Dec 2017 Nifty View Long

NSE:NIFTY15
Nifty 50 IndexNSE

Description

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Hi All,

Election results day, counting already started and SGX Nifty is up 33 points.

The first intraday resistance is around 33 points. One can initiate long at the opening, and can exit around 11:20. After that we will see.

Please remain stay tuned to this idea for updates, thanks!

Comment

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Typo on the chart : its 'day' and NOT 'dayt'.

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SGX Nifty is now down 120 points and Congress is leading in Gujarat. Its best to avoid trading till 11:20

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The upmove will be extended till 12:00 noon now. Those long can exit there. Will go short at 12 noon/

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Action: Please short here with stop-loss at 10450 NS , Target 10320 NS. Lets recheck at 12:50.

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Exiting at 10 point loss here. Will short at 12:50

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Action: Shorting here with SL at 10480 NS. Target 10320 NS to be acheived by tomorrow.

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Lets check at 14:09

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As this down-leg is very shallow, I think the next up-leg from here may take out day's high.

Please exit this here and go long with SL at 10390.

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Had shorted at 10440 NS , exited at 10410 NS, made 30 on this one.

Lets check at 15:15, would like to exit long position there. Tomorrow shall be a down day.

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TSL hit, exited at 10390 with 20 point loss, Now no profit no loss for the day. Will take a trade tomorrow.
Trend AnalysisWave AnalysisBeyond Technical Analysis
Comments
ShanTrader
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If you had maintained the 10480 short with SL at 10510, you would have a good profit today. When you had predicted that 10320 was your target for tomorrow, why did you exit. If your trading style is based on time , then why the buy sell buy sell in between targets ? Please consider this as a comment from a friend and a well wisher. I continue to read your posts and would like you to be successful.
ShanTrader
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good work. but wonder why exit when sl was 10450 ? was it hit ?
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