Fri 21 Jul 2017 Nifty View

Jul 21, 2017

As a follow up from yesterday's post, today 10:45 is the key. Either Nifty will go down till then or in a sideways fashion will go up till then and the fall.

We will simply hold our current position with TSL at 9925 NS. At 10:46 we will exit in case of scenario 1 and tighten the TSL in case of scenario 2.

Jul 21, 2017

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I think its going up till 10:45 and then down.

Jul 21, 2017

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One may exit here nd short again at 10:45 or can hold with patience

Jul 21, 2017

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BankNifty by the way is just 5 to 12 points up.

Jul 21, 2017

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9925 is not a strict stoploss. We need to wait for 10:45.

Jul 21, 2017

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Now 9925 is a strict stoploss, close all short positions if it gets hit. One can also intitate freash shorts or add to position.

Jul 21, 2017

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Next critical time is 13:09

Jul 21, 2017

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Action: At 13:09, please book all profits, stay out till next call.

(Hit likes, we are profitable!)

Jul 21, 2017

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Will short on Monday, have a nice weekend! Overall the trend is down only.

Jul 21, 2017

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Attention please.....there is a resistance emerging at 15:21 and Nifty is also almost at day's high. Once can short there and carry forward.

Jul 21, 2017

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Action: Short here and carry forward, stop loss 9935 NS.