NIFTY50 - TIME FOR A SHORT TRADE?

23 sept 2024

Symbol - NIFTY50

NIFTY50 is currently trading at 25905

I'm seeing a trading opportunity on sell side.

Shorting NIFTY50 Futures at CMP 25905

I will be adding more position if 26100 comes & will hold with SL 26230

Targets I'm expecting are 25370 - 25010 & below.





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

24 sept 2024

Operación activa

CMP 25934

Trade active.

26 sept 2024

Operación activa

CMP 26070

Adding more position here.
Avg sell price now is 25988

26 sept 2024

Operación activa

CMP 26230

Nifty is up 225 points but NIFTY OCT FUT is up only 187 points.
Although My SL is reached in Nifty spot but not in Nifty Fut.
My position is active. If tomorrow any gap up happens & My SL hits, My position will be exited.

27 sept 2024

Operación activa

Trading completely sideways below my SL level.
Holding with updated SL 26350

30 sept 2024

Operación activa

CMP 25980

Move started!

30 sept 2024

Operación activa

CMP 25800

188 points in profit.
Holding with 26000 as SL.

1 oct 2024

Operación activa

CMP 25740

248 points in profit. Holding with CTC SL now.

3 oct 2024

Operación activa

Today opening at 25452

536 points in profit. Holding.

3 oct 2024

Operación cerrada: objetivo alcanzado

CMP 25268

First target hit. 720 points in profit.

4 oct 2024

Operación cerrada: objetivo alcanzado

CMP 25010

Second target hit. 978 points in profit.

7 oct 2024

Operación cerrada: objetivo alcanzado

CMP 24728

All targets hit. 1260 points in profit. Booking all short positions here.