hi
asish da..
what i think cipla has bottomed out at 184...chcek there is an inverted hammer at lower level,,,hence shorting cipla,,,,may be risky,, not big enough,...
renu
renu,
If system signals to short in 5min Data,i have to short ,for this reason stopped looking in EoD charts.The in built Alert (experience) cautioned me ,in 1min chart of PIB there was a Gap,which was acting as support infact i also posted the same in case of Cipla Fut after my short position was initiated,hence squared up in time.
From 16th August will shift to Cash Mkt for all Intraday Trades & In Fut Scalping & all swing trades (which was kept in abeyance ).My Intraday System is Tested & results found to be encouraging.As there are Daily 5 to 7 trade signals generated on an avg ,sometimes even more ,hence in Cash can participate in all signals.
I feel to-day there is no need for pre-mkt scalping plan in the back drop of International Indexes dismall performances.I may take advantage of Fut trading to-day in Opening Shorts;
1) Allhabad Bk ;below 90.50
2) HDFC Bk ; below 1137.95 ;
3) NALCO ; below 247.25 ;
All these contracts need 50k only for 1 contracts.