entered long again. target nifty 7600 atleast once today... Since i mostly buy between 1000 to 2000 quantity i sell n exit even if 2 rupee profit. But this trade will hold and update trailing sl.
VWAP in Nifty Futures worked very well today. In last 45 min the market rallied 40 points and closed at the top....market speed was such that traders could not take their eyes off from the screen...This was a good VWAP trade setup.
If someone tried to play contra trend in todays afternoon upmove, he is finished...selling at high levels and adding more must have been horrible today...that again proves the value of trading in the direction of the trend. It does not matter if one identifies the trend a little late...it still will reward us.