Fri 15 Dec 2017 Nifty View

15 dic 2017

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.

15 dic 2017

Nota

Action ST and MT both: short here at 10370 NS around with stop-loss at 10400 target 10140.

15 dic 2017

Nota

Lets recheck this at 10:55, both indices are moving down as of now,

15 dic 2017

Nota

Please exit this here at 10340 and go long with SL at 10300. This is for both LT and MT traders.

15 dic 2017

Nota

Lets recheck this at 12:32

15 dic 2017

Nota

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.

15 dic 2017

Nota

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.

15 dic 2017

Nota

Exited and shorted at 10357 NS.

15 dic 2017

Nota

Lets recheck this at 13:23 from intraday perspective. MT shall continue to hold and carry forward.

15 dic 2017

Nota

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!

15 dic 2017

Nota

Exited and have gone long at 10338 NS.

15 dic 2017

Nota

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.

15 dic 2017

Nota

So this is very sluggish. Carry forward only if you have deep in money option or futures. Otherwise exit here.

15 dic 2017

Nota

All trades today ended in profit. Please hit like, thanks!