Nifty cmp 10871 Initiating intraday shorts in nifty with stoploss above 10896
targets 10845 and lower ESSENTIALLY A COUNTER TREND TRADE WITH HIGH RISK
keeping trade size small due to the complex corrective trade conditions are not ideal---thus smalll traders should avoid trading unless u can monitor in real time DONOT take this trade DERIVATIVE TRADING IS A HIGH RISK ACTIVITY
Trade closed manually
⋅
NIFTY intraday shorts closed in decent profit : shorts initiated at 10871 ...added to shorts at 10882 as nifty moved higher........closed shorts at 10850 spot time 3:07 pm
part booked nifty short at 10850 spot profit of 20+ points will be carrying over shorts /convering to positional with targets of 10760 spot .......
GauravSaini
⋅
Study---intraday traders can check the 5 min charts and see that the macd has moved above trigger 3 times today yet price has essentially remained range bound---- a complex corrective continuing ....combine this with the swing highs macd has made and you get a picture of the fight between bulls and bears ......where despite the upside bears are fighting that is one of reason for holding this trade .....
GauravSaini
⋅
@GauravSaini, the longer this fight continues the stronger will be the resulting impulse whichever direction it occurs
GauravSaini
⋅
nifty cmp 10890 at 2.05 pmThe breakout or breakdown from here likely to be an impulse ....cheers