InsiderB

Nifty : Standing Against the Bulls, Potential Short !

Short
NSE:NIFTY   Nifty 50 Index
Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty . I'm looking at few rules I have,

(i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone
(ii) Resistance zone - Yes
(iii) Fib extension confirmation - Yes
Waiting for Bearish price action confirmation to short. But that doesn't mean Nifty will reverse, so follow your own trade plan. Nifty may give bearish signal and take out my stops again, so trade your own plan. According to Me if the rules confirm I won;t hesistate to short Nifty . This is called as following your trade plan everytime with discipline.

Standing Against Bull Force... Happy Trading !

Trade active: Late update, Bcos having lunch n placing orders for shorting. Trade at your own risk...
Comment: Booked some of my positions 8800 being psychological level, other remain on table...for Bonus
Comment: I'm not sure whether I love bears or Bears Love Me today, another 25% booked, the last part remains... to be approx my avg spot. Short price was 8738's. Thank you Bears, we took some Bulls out... 90 points in kitty...
Comment: Done for the day Guys. Have happy weekend. I'm carrying over my Tcs n Banknifty positions over the weekend. Enjoy your weekend !