General Trading Chat

arsh22g

Well-Known Member
I tried entering long at open, but price ran away fast from my limit order, so no long trade. Shorted below the 9:40 AM candle on 5-min (circled), entry at 7576. Currently sitting with TSL of 7583. Will see if attraction towards 200 EMA on 5-min and 50 EMA on 15-min happens, i.e. around 7505-7520 zone, else trailing



Also sitting on 7400 puts at 75, bleeding on that position currently.
Price did get attracted towards 50 EMA on 15-min, but level of EMA was 7528 when that happened. Check out the circle on right side panel.

 
Nifty (spot) vacillated between 3ema and 100ema today. 100ema was last touched on 29th Oct, nearly the time for a touch again and maybe a violent move as per the market correction theory.



In the futures, it kissed 100ema, but didn't touch 3ema.... go figure :)
 

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