Entered Short in Nifty at 7950 with stop @ 8006.
The reason to take the trade is Nifty correct from 7974 in future , the point is PH , If nifty breaks below 7940, then the trade will be good in some sense.
Let see in coming hours.
Happy Trading Zen Way...
12.03 - Market break 7940, I have place the order at 7871 ( I may even look for 7832) but I want to feel safe and try to come out at PL ( see Daily Price movement table). I have reduced the stop to 7981.
1.12 pm - since the sell off is not fruitful, I have closed the trade @ 7841.
Happy Trading Zen Way.
The reason to take the trade is Nifty correct from 7974 in future , the point is PH , If nifty breaks below 7940, then the trade will be good in some sense.
Let see in coming hours.
Happy Trading Zen Way...
12.03 - Market break 7940, I have place the order at 7871 ( I may even look for 7832) but I want to feel safe and try to come out at PL ( see Daily Price movement table). I have reduced the stop to 7981.
1.12 pm - since the sell off is not fruitful, I have closed the trade @ 7841.
Happy Trading Zen Way.
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