It was continuation of my previous days comments. Probable Down Trend started yesterday when nifty retraced exactly near 61.8% (near previous day high and wed days closing) of the last swing. Please see my previous yesterdays comments to see the whole picture.
1. As earlier said, I trade using Nifty Spot just after expiry day due huge difference of overnight premiums.
2. Shorted near previous support 7707 Spot (Wed day low) (Near 12:20 PM today)which was near to today's high. So again shorted Nifty near days High easily.
3. Booked half near days low 7660 spot (around 2:10 PM)
4. Add half again after breaking of days low.
5. Booked full near support 7600 spot.
6. So got 100+ pt from 50% position and 46+56 = 102 pt from rest 50% positon. Net 100+pt on whole position.
Good to see you got 96 pt too.
Happy Trading. :thumb:
1. As earlier said, I trade using Nifty Spot just after expiry day due huge difference of overnight premiums.
2. Shorted near previous support 7707 Spot (Wed day low) (Near 12:20 PM today)which was near to today's high. So again shorted Nifty near days High easily.
3. Booked half near days low 7660 spot (around 2:10 PM)
4. Add half again after breaking of days low.
5. Booked full near support 7600 spot.
6. So got 100+ pt from 50% position and 46+56 = 102 pt from rest 50% positon. Net 100+pt on whole position.
Good to see you got 96 pt too.
Happy Trading. :thumb: