As BJP is winning in both states, Nifty is all set to give a gap up opening. BUT the retracement wave is NOT over yet.
Today at 9:47 around, we will go short again.
Stay tuned for updates.
Today at 9:47 around, we will go short again.
Stay tuned for updates.
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Action ST and MT both: short here at 10370 NS around with stop-loss at 10400 target 10140.
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Lets recheck this at 10:55, both indices are moving down as of now,
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Please exit this here at 10340 and go long with SL at 10300. This is for both LT and MT traders.
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Lets recheck this at 12:32
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So as you can see, this up-leg,( intraday) , is just retracing the down leg. So we are going to see a downtrend for next couple of days.
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Action: MT and ST both shall exit long position here and short. Stop-loss at day's high. Target same as first trade on the morning.
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Exited and shorted at 10357 NS.
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Lets recheck this at 13:23 from intraday perspective. MT shall continue to hold and carry forward.
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Action for MT and ST traders : Please exit short position at 13:23- changing my view here. And go long with stop-loss at day's low - 40 points. It may go up swiftly as it has not done much in yterms of going down!
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Exited and have gone long at 10338 NS.
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Set stop-loss at 10315 NS. Recverse the trade if it hits. There is no support/resistance during the day! Hopefully it will go up only from here on.
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So this is very sluggish. Carry forward only if you have deep in money option or futures. Otherwise exit here.
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All trades today ended in profit. Please hit like, thanks!
