nifty sell on dips short trade -valid for 26 and 27 feb

NSE:NIFTY   Nifty 50 Index
106 10
will be selling nifty cmp 10470 : sell below 10446 stop will be above day high once trade is active .all prices spot
Trade closed: target reached: Closed nifry short trade in profit aprox 140 points counting for 1 lot
Booking out at 10480 spot ,the short trade moved well giving good profit
booking 1 lot at 10553 spot profit of 37 points
our stoploss level has not hit and nifty is trading below(@10570 spot) our trade initiation price, however it is not moving lower also .....(on lower side it took support almost at 10446 which was our initial sell below level) ......Trade management and patience now comes in play ......10441spot(todays low so far and 10637 spot are key levels .....a break on either side should give a good move ......we are short and good prob that the move will be in our favor ......however if in doubt book out at whatever profit and wait for next trading opportunity ....monitor the trade actively.....strict stoploss now 10615
Initiating positional sell in nifty current nifty spot approx 10590 ........shorting march futures stoploss 10635 spot on 15 min closing basis initiating two lots
GauravSaini GauravSaini
@GauravSaini, one can extend the rising trendline in above charts and see the trade reason , for stoploss one needs to look at 4 hour charts where approx 10637spot is a swing high that
sell on rise suna tha sell on dips??
GauravSaini KumarAbhilash
@KumarAbhilash, well changing it sell now @ 10590 spot---(sell on dips tooexists will publish such a idea if situation arises)
KumarAbhilash GauravSaini
@GauravSaini, cool do tag me , i wanna learn
GauravSaini KumarAbhilash
@KumarAbhilash, frnd if we take the well known bearish pattern head and shoulders...short trades are initiated on break of neckline ...that will be an example of sell on dips.
KumarAbhilash GauravSaini
@GauravSaini, that should be termed as sell on breakdown (i may b wrong ), but yes i never heard or read it so i got confused ..
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