My guiding lights for today shall be following to charts:
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while the first one tells me to keep a stop loss at 5284 for my longs and play for the last leg up for minimum 47 points-- the second one indicates that trendline that may get tested and nearby it shorts may be created.
Lets see how it opens----
9.18 AM
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For Intraday play,best time to short,with SL at day's high & target 5305
9.45 AM
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10.56 AM
SL got triggered---
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11.45 AM
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I would short at 5374 with SL at 5384--
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12.30PM
Shorted. SL at day's high now.Target 5284
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1.50 PM
It was very tough finding fractals of this last leg of Impulse.
SL for shorts at 5395 now.
.png)
.png)
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while the first one tells me to keep a stop loss at 5284 for my longs and play for the last leg up for minimum 47 points-- the second one indicates that trendline that may get tested and nearby it shorts may be created.
Lets see how it opens----
9.18 AM
.png)
For Intraday play,best time to short,with SL at day's high & target 5305
9.45 AM
.png)
SL got triggered---
.png)
11.45 AM
.png)
I would short at 5374 with SL at 5384--
.png)
12.30PM
Shorted. SL at day's high now.Target 5284
.png)
1.50 PM
It was very tough finding fractals of this last leg of Impulse.
SL for shorts at 5395 now.
.png)
3.05 PM
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.png)
Retain shorts with SL 5365.Target 5285.
EOD:
The guiding lights with which started the day held out:
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dear raguvanshi ji,
ReplyDeleteSIR I am stuck in bank nify future short at 10000.
would you plz suggest the best level to exit with minimum loss?
waiting for your guidance
Dear Abhi,
DeleteI donot track Bank Nifty but one look at its charts suggests that the gap would be filled by a visit to 10321.