Again planning to short with NIFTY futures as the technical charts show massive weakness. My stop loss for shorts will be 17270+ and my target is 16884.
Trade active
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Entered shorts at 17152.15
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In options, going short with 17300 CE(Monthly) at 103 and 17800(CE) long(hedge) at 11.45
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Low Risk Stop loss is at 17219.5 (But it's highly vulnerable.)
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Nifty making wild swings, holding short with tight SL (17219.5). On SL hit I will exit from shorts.
It takes courage and discipline to stick to your plan and manage risk effectively, even when the market is volatile. Although the trade did not go as planned and you took a loss, it's important to learn from the experience and continue to refine your approach. Keep up the good work! 💪🏼
SP_555
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Chances are u might get trapped as Nifty saw bull action and closed strong post market session wasn't that bearish.
SP_555
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@suraj_777 Broke few weekly Gann levels promising for Upward rally
IndexAce
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@suraj_777 I already exited from shorts at a minor loss as Nifty turned bullish in the 2nd half. I am expecting a gap up opening in Monday. Let's see.