GauravSaini

Initiating shorts in Nifty

Short
NSE:NIFTY   Nifty 50 Index
NIFTY cmp 10695 -initiating shorts in nifty

Targets ----10625 and lower
Stoploss -depending on developing price action

1 a high risk countertrend trade-----NOT for small traders
2 No stoploss given it will be decided by developing price action -----thus risk increases considerably
3 this trade might involve adding positions at various levels so actual cost might be different .
4 Do Not take this trade if you are away from market/not able to monitor in real time.
5 derivative trading is a high risk activity please calculate carefully the risk before entering trade

all levels are spot

Trade closed manually: short nifty trade closed in profit at 10650 spot

Comments

nifty moving below 10680 will be good for this short setup

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