1512 Hrs IST : Accumulate GSPL. Some top guns notching up a pie bit larger than the usual way!
1442 Hrs IST : Long Positions initiated.
1440 Hrs IST : Nifty breaks 13EMA for the first time successfully. I have exited all my shorts. Initiate fresh position with a bit more convincing moves. Usually a common feature with some respite towards the close happens in accordance with European Mkts trading strong.
1430 Hrs IST : As told previously Nifty is trading rangebound between 13EMA & lower Bollinger Band(some trading jargons, nvrmind!)
1425 Hrs IST : Nifty is finding resistance from 13EMA since morning & with global cues not so favourable. Weakness would be difficult to prevent.
1420 Hrs IST : 4650 levels broken(yesterday's low) again! Dont know how long nifty may find comfort in that level but if its not sustained another 60-70 point slide mite occur in a whiff!
1125 Hrs IST : Mkt is showing some recovery but i dont think going long is worth it. Instead aplenty of weak scrips can be Short-sell'd on rise.
Stil if ppl wana here r some ideas:
PSL(SL=160)
ICSA(SL=200)
DLF(sl= 420)
pnc
prakash inds
Keep conservative SL's
posted by support.mytradingcalls@gmail.com
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