Nifty is looking exhausted for up move, look to short at 25150 in future. For target of 24800. Keep SL 25300.
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Rationale-
Macro picture of other charts look for a downside will be played. Nifty will not remain up if US and other market fall.
https://www.tradingview.com/x/3nuDC0en/
FII are not covering position even after positive news of GST cut.
+
Negative news if weekly expiry is gone.
so I don't see any positive triggers for now.
My ideas are thesis base, after which I see chart and take position.
So I have a view global markets are selling off, Indian market positive news are now discounted. And we now do not have any other positive trigger.
So I am selling at 25150. Trade active
Operación activa
CMP 25020 Move SL to 25150. No loss trade now as SL is moved till selling price Operación cerrada manualmente
Closing trade manually at profit of 200 points. at 24950
Exención de responsabilidad
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.