Nifty is looking exhausted for up move, look to short at 25150 in future. For target of 24800. Keep SL 25300.
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Trade active
CMP 25020 Move SL to 25150. No loss trade now as SL is moved till selling price Trade closed manually
Closing trade manually at profit of 200 points. at 24950
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.