The Trade Journal: Evolution

MCX Nickel having 1 short at 784.7 with SL at 790.1. If i see a quote of 786 plus would add one more short.

Though copper is also coming to terms but not s good as nickel for a short. However if copper stagnate here today and global markets take a breather than for positional traders copper is a good risk to reward play. On the lower side it can easily hit sub 250 levels whereas above 270 levels looks a bit tricky.For high risk appetite fellows

NSE. Had it not been IT i guess nifty is struggling today particularly metals and banking. TISCO is showing slight exhaustion around 400 levels and is sitting at the low. Another intersting case is on Rel Infra. MIght be good for a short if market decides to come down a bit. However my account is positioned with MCX trade so just seeing

Nickel short is not working as thought as of yet. However not adding new position to already existing one lot

SL hit at 790.1. Out for now and waiting

I still thinks that there is room for correction in base metals particularly copper and nickel. I would probably like to go short again on the next signal rather than long even for intraday. lets see

Reentered short nickel@ 790

exited at 790 itself

Shortsold TISCO 500 Eq @389.35 Target 387 Stop 393.35

Not working. Exited at BE